Southern Oak Dental

Summerville, South Carolina

Southern Oak Dental is a successful chain of dental clinics with three locations in South Carolina. Founded in 2017, the company began as a direct EB-5 investment by its principals, who have since received I-829 petition approvals. 

Now, the management team behind Southern Oak Dental plans to replicate its successful model to open three new clinics in South Carolina over the next two years. 

The new clinics will be developed and operated by three new commercial enterprises (NCEs), which will be managed by Southern Oak Dental. Each NCE is raising $800,000 from a single EB-5 investor to fund the development of one clinic.

Southern Oak Dental Summerville: Market Opportunity

Southern Oak Dental Summerville will be the first new clinic developed. The Clinic will be located at the Trolley Square Shopping Center in Summerville, a rapidly growing suburb of Charleston. The project site has high unemployment and qualifies as a targeted employment area (TEA).

Within five miles of the Clinic, the population is growing at a rate that is more than 2.5 times higher than the national rate of growth. The neighborhood is a focal point in the Town of Summerville’s Vision Plan, which calls for the development of Oakbrook into an Urban Village/Eco-Tourism Destination through redevelopment and revitalization of underused commercial properties into active urban neighborhood centers of commerce. 

The Clinic will compete with a handful of dental clinics in the immediate area, but the market is far from saturated. Given the size of the population, there is demand for nearly 60 dentists within a five mile radius, but only 43 dentists are operating. 

And, as the population continues to grow and redevelopment attracts more households to neighborhood, demand will only continue to rise, creating ample opportunity for the Company to establish an immediate patient base and build it over time.

A Community-Centered Business Model

Southern Oak Dental offers a full suite of dental services including preventative, restorative, and cosmetic dental care. 

But unlike traditional dental clinics, Southern Oak Dental strives to provide a pleasant and stress free experience for patients, offering amenities like a refreshment and snack bar, TV entertainment, pillows and warm blankets, and protective eyewear for patients. 

And the company offers flexible payment options – including payment plans, and a membership-based preventative care plan – to increase access for the 43% of Americans without dental insurance.

Management Team

Southern Oak Dental clinics are led by Director of Operations Kelly Quinones. She brings more than 20 years of experience in dental-office management and dental-insurance billing. She successfully oversaw the launch of the first three Southern Oak Dental locations, and plans to utilize the same, proven approach for future locations. 

She is joined by Yaqi Mu, Business Manager and a former EB-5 investor of Southern Oak Dental. Yaqi and her family had their I-526 and I-829 petition applications approved through this direct investment project. Ms. Mu will leverage her experience in job-creation standards and the EB-5 program to ensure the Company’s activities and operations align with EB-5 program qualifications, providing added assurance to investors. 

Ms. Quinones and Ms. Mu are joined by a highly skilled team of dental professionals who will manage all clinical staff at the new locations.

Southern Oak Dental Summerville Timeline

The company expects to finalize the lease for Southern Oak Dental Summerville in July 2022, at which point tenant improvements and development activities will commence. It will take approximately four to six months to complete renovations, set up the office, establish business processes, and hire initial staff. 

The projected opening date for the Clinic is Q1 2023.

Sources & Uses of Funds

The total cost to develop and open the Summerville Clinic is estimated at $1.08 million. Southern Oak Dental Investment, LLC is raising $800,000 from a single EB-5 investor. EB-5 investment will be paired with $208,000 in capital from the manager and/or a tenant-improvement allowance.

Job Creation

The Clinic is projected to create 20 new jobs within two years, double the 10-job minimum required.

Southern Oak Dental will use a proven model that has already resulted in success for communities, clinicians, and EB-5 investors. The first three dental clinics were developed using direct EB-5 investment and successfully created 60 jobs, resulting in I-829 approvals for all investors.