020 3318 2613

Funding for opticians to buy a competitor

Speak to one of our experts020 3318 2613

Goodwill Loans

  • Release wealth from your existing practice
  • Cost-effective and tax efficient
  • Flexible arrangements
  • Use for any purpose

Commercial Mortgages

  • From 2% above base rate
  • Up to 25 years terms
  • Interest-only or capital repayment
  • Buy premises or existing business

Commercial Loans

  • Unsecured lending from 6%
  • Up to 5 years to repay
  • Secured lending from 2% above base rate
  • Long repayment terms

Talk to Rangewell – the business finance experts

Buying a competitor may be the best way to grow your opticians' practice - but it can mean a very large investment. At Rangewell, we can use our contacts across the entire UK lending industry to provide the scale of funding you need.

At Rangewell we recognise your professional status, and we work harder to find you better solutions - which can include 100% finance for many of your needs.

Are you an optician running a successful practice? What happens when you have filled your schedule? At Rangewell, we have some answers.

How can you take your opticians' practice to the next level?  The solution could be to acquire a competitor and set them up as a satellite branch.

It gives you an extra consulting room, more retail space and staff instantly. But how can you find the funding to make the necessary investment?

At Rangewell, we work with opticians across the country. We can help you use your special status to get up to 100% funding when you want to expand your business.

Using a Goodwill Loan to release the funds you need

You may feel that you cannot simply withdraw money from your existing practice. Reducing your working capital would cause problems with cash flow and jeopardise its future.

However, there is a way to use the wealth built up in your business to fund your development plans, while leaving the funds in your business bank account untouched. A Goodwill Loan, also known as a Capital Withdrawal Loan or Cash Out, can let you access the value in your business without withdrawing funds from it.

It lets you use the goodwill built up in your practice as the security for a loan. It can bring you a sum comparable to your annual turnover, which might be in the region of £1 million, with repayment terms of up to 15 years.

The lender will simply need to review your accounts for the last few years to make a decision. Interest rates will be agreed when the loan is taken out and, although they will be variable, are likely to remain significantly more favourable than with other types of lending.

Goodwill Loans are particularly suitable for opticians as they recognise your professional status with very competitive rates.

Raising funds with a Commercial Mortgage

If you own your premises, you may be able to remortgage them to raise cash and use it to buy a competitor. Commercial Mortgages work much like a residential mortgage, and can be used to provide a high level of funding -  lenders have a minimum loan value of £75,000 or more, but there is no set upper limit. You can have up to 20 years to repay. Commercial property finance is arranged on an individual basis. Rates and terms will be agreed based on your business plans.

Secured Loans for your practice

Secured loans can provide a high level of funding, with rates that can be as low as 2% above base rate, and ten or more years to repay. They are secured because they are supported by security, such as your existing premises or your home, that the lender can take and sell if you became unable to make repayments. This reduces the risk to lenders and allows them to reduce the cost to you. They can have a part to play in expanding your business, and could even be sufficient to acquire smaller premises.

Unsecured Loans for your practice

Unsecured business loans are a straightforward way of borrowing and operate much like a personal loan, which can be used in any way you wish. They are suitable for smaller sums, up to £250,000, but often far less. The loan is repaid in monthly or quarterly instalments over an agreed term under 5 years.  

Decisions can be fast, inside a working day with some lenders, but you will need to provide a personal guarantee meaning that you will become personally liable for the debt if your business was unable to pay.

‘Jigsaw’ Finance - designed for your needs

Acquiring a competitor may mean a range of funding needs that don’t fit a single solution. The solution can be Jigsaw Funding - a bespoke package made up of the most appropriate type of business funding for each purpose. So your practice might have Jigsaw Funding made up of Asset Funding for equipment, a Secured Loan or Commercial Mortgage to acquire premises, and a cashflow solution based on a  Merchant Cash Advance, funded by your card takings. We have found that it can help opticians ready to make the most of their business access a higher level of funding that could be provided by a single finance option - and reduce costs.

The finance you need to grow your practice

As a professional with your own practice, you may be in a very good position to raise the finance you need when you are ready to consider expansion. Your special status may make it possible to get 100% finance for your plans.

Many lenders will be happy to work with you - but not all will be able to offer the most competitive solutions.

At Rangewell, we know lenders that can. But we don’t stop there. We will work with you to understand your business plans and use our expertise to help find the funding that meets your needs. We can find the most competitive rates for all types of finance, including Professional Loans, Unsecured and Secured Loans, Invoice Finance, Asset Finance, Merchant Cash Advance, Commercial Mortgages, Growth Finance and more.

To find out more about setting up the finance you need to buy a competitor simply call us. Our experts are ready to help.


  • Help arrange a 100% loan for an optician, as the basis of an acquisition plan

  • Find a lender to provide a commercial mortgage to acquire a business

  • Help arrange jigsaw funding for every stage of an optician’s expansion programme

  • Find the most effective source of funding to support an opticians’ expansion plans

Discover our range of finances

Every type of finance for every type of business

Our goal is very simple - to help businesses find the right type of finance as quickly, transparently and painlessly as possible.

Helping you build your profits

Funding tailored to your needs

Funding can be drawn together from several sources and tailored to your needs.

Funding that recognises your status

As a professional practice owner, you may be able to enjoy preferential rates for borrowing.

No need for extra security with Goodwill Loans

Goodwill Loans are secured on the future performance of your practice - there is no need to put your assets or possessions at risk.

Covering all the costs with Jigsaw Funding

We can help you arrange bespoke funding tailored around your needs.

Early repayment options

Some loan providers will accept early repayments, reducing the total cost of your borrowing.

Cutting borrowing costs

At Rangewell we search the entire UK lending market to find the most appropriate solutions for your funding needs, helping you reduce the costs of your expansion plans.

Download Rangewell’s free and detailed guide to business lending

What kinds of business funding are available and which lenders are experienced at providing finance to the opticians sector?

How can they provide extra funds for you - without reducing funds available for your business?
Why you must find the right lender to cut costs
The downsides of borrowing
Guarantees and security

How important is it to choose a lender that is authorised and regulated by the financial conduct authority?

Find business finance packages for any purpose for optician practices, including to help with cash flow, working capital finance, premises funding or even equipment finance

Is business finance limited to companies based in the UK only?

Will it be hard work to apply for finance? What paperwork you will need to submit with your application

Key financial terms explained, such as credit lines, Asset Finance, Merchant Cash Advance and terms. 

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An additional commitment
Borrowing may be a long-term commitment, with ongoing monthly repayments which will affect your cashflow.
You may need to repay
If you sell your business, you may need to repay your borrowing.
Borrowing may be a personal liability
Lending will be secured on your practice, but you may be personally responsible for repayment with some types of loan.

Our service is:


Transparent and independent, treating all lenders equally, finding the best deals.


Every type of finance for every type of business from the entire market - over 300 lenders.


Specialist Finance Experts support you every step of the way.


We make no charge of any kind when we help you find the loan you need.