Starting your own franchised dental practice - perhaps with a speciality cosmetic technique - can be a sound basis for a business. It gives you the support of an established franchisor and a proven business model but it will mean a substantial investment. Fortunately, Rangewell can help you find the solutions to deal with the costs involved.

What are the costs involved in taking on a franchise?

The costs will vary from one franchise to another.

Most will include a substantial initial franchise fee, on top of your usual start-up costs. There may be a monthly fee and additional expenses to consider once you are up and running, especially in the crucial first few months of operation. Conventional business lenders, such as banks, may not be able to help, as your business is technically a start-up, lacking a business history.

A specialised Franchise Loan package may be essential.

At Rangewell, we know the specialist lenders who can help with purpose-built Franchise Loans. They will look at your experience, your business proposal and the potential of the franchise you have chosen - giving you the chance to benefit from their expertise, as well as the finance you need.

Simply call us to discuss your plans.

Thinking about a Franchise Loan?

You’ll need to answer some key questions:

• What is the total you need to borrow to take on the franchise? Your franchisor may be able to help establish the figures
• How much can you contribute yourself? Having your own funds in the business can help show lenders you are committed
• What security can you provide to back up your borrowing?
• How long do you need to repay the loan?
• What are at the potential profits? Is the level of investment you need justified? Can you recover the money you have put into it, repay a loan and still see a profit?

How Rangewell can help you find the Franchise Finance deal you need

If you are considering a franchise, getting the necessary finance in place is vital and needs to be arranged as early as possible.

We believe that it should actually be one of your first steps if you are considering a franchised business.

At Rangewell, our team of business finance experts have an in-depth understanding of the levels of funding required by many of the major franchise providers.

They may be able to explain the sums involved even before you have settled on the franchise you want. They can certainly use their expertise to find you the most appropriate lenders and to help you secure the funding to support your plans

Let us find the Franchise Finance you need

We’ve helped many of our clients find the finance they need to take on the franchise they want – and go on to run highly successful businesses.

Call us now to see how we can do the same for you.