Franchise loans for pharmacists
Becoming a big name on the high street
Scaled For Your Business
- All levels of franchise
- No Maximum
- Competitive rates
- From 2% above base rate
- Variety of repayment schemes
- Adverse Credit – no problem
- Expert support
- Individual arrangements
- Initial fees
- Property costs
- Set-up costs
- Ongoing costs and working capital
The major franchised brands have a position on the high street that can seem impossible for you to compete with as a independent chemist. That’s why the best tactic might be for you to join them as a franchisee
Are you ready to run a franchised pharmacy? The major high street chains are a formidable challenge for any independent chemist.
The big name franchises having huge buying power, and powerful marketing, which brings in customers who might walk past your independent chemist shop. But rather than seeing them as a threat, you could take advantage of their success. Running your own franchised pharmacy and chemist shop could be the best way to make the most of your pharmaceutical skills, and the full potential of high street retailing.
With a nationwide group and professional marketing behind you, you can look forward an increase in footfall and profitable business.
The costs of franchising
Buying a franchise will require a major investment. The precise costs involved will vary - you need to find what is on offer from the various franchisors, and the payment they will expect. Most will include a substantial initial franchise fee and expect you to commit to substantial investment to bring your practice in line with their branding and provide the appropriate level of equipment and facilities. There may be a monthly fee and additional expenses to consider once you are up and running also.
It makes sound business sense - but many business lenders, such as banks, may not be able to help as your business is technically a start-up and lacking a business history.
This means that a specialised Franchise Loan package may be essential. At Rangewell, we can help you find the funding you need with a specialised Franchise Loan package.
Get help to take on a franchise
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.
REAL EXAMPLES OF WHAT WE CAN DO
Find funding to join an established partnership as a franchisee
Help arrange funding for a practitioner, even with adverse credit
Help a practitioner turn a floundering business into a thriving franchised operation
Found funding for a practitioner to take over an existing franchise
How Rangewell can help you become a franchised pharmacist
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 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.
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.
Helping you build your profits
Understanding franchisingAt Rangewell, we have helped entrepreneurs take on a wide variety of franchised businesses. Our specialised understanding helps you avoid the pitfalls and secure the funding you need for your franchised pharmacy business.
Knowing franchise-funding lendersWe don’t just introduce the lenders that are the most sympathetic to franchises. We can actually put you in touch with specialists in the pharmacy sector.
Funding scaled for your needsThe level of pharmacy franchise funding you can obtain depends on a variety of factors, including your credit rating and number of years in business. With our support, you can increase your chances of securing the funding you need.
Flexible repayment termsYou may find you need to borrow a substantial sum to take on the franchise you want. It's possible for repayment terms to be spread over several years to provide an affordable solution to your pharmacy franchise needs.
Any type of franchiseWe work with a range of franchise businesses - including pharmacists running high street chemists.
A simple first stepIf you are considering franchise financing, simply get in touch with the Rangewell team. One of our experienced franchise financing professionals will contact you to discuss your needs and answer any questions you have.
Download Rangewell’s free and detailed guide to Finance for Pharmacists
What types of finance are there - which do you need?
Why not all providers are equal - finding the one that’s right for you
How we can provide an additional income stream
The downsides to finance - and how to avoid them
Do I need to use a lender who is authorised and regulated by the financial conduct authority?
What different finance packages are available for cash flow, a pharmacy purchase or partner buy-in/out?
How to arrange finance - what paperwork do you need?
Do lenders look at pharmacies' finances when making a lending decision?
Key terms explained
Find out your finance options for all your needs
Getting the right funding arrangement is essentialThere are many forms of business finance available. Getting the most appropriate type for the business needs of your pharmacy is essential to avoid excessive costs
Your key equipment could be at riskIf you are unable to keep up repayments on a hire purchase or lease agreement, the equipment your practice depends on could be could be at risk.
Long-term financial commitmentsYou may not be able to pull out of a finance arrangement once set up.
Our service is...
ImpartialTransparent and independent, treating all lenders equally, finding the best deals.
In-depthEvery type of finance for every type of business from the entire market - over 300 lenders.
In-personSpecialist Finance Experts support you every step of the way.
FreeWe make no charge of any kind when we help you find the loan you need.