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Working together for the optician industry

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Talk to Rangewell – the business finance experts

Running your opticians business demands a range of professional help. At Rangewell, we not only help opticians secure funding, we can help them find the professional support they need.

Acquiring, running or selling your optician business requires the support of professionals with expertise in the sector. You can find those experts here.

Your optician practice requires professional support.

At Rangewell, as part of our commitment to supporting UK businesses, we have put together a directory of professionals who can provide the support you need - and made it free for you to use.

So, if you find you need professional expertise, call us for details of the individuals, businesses and practices who can help with expertise and services you need.

Accountants

The accountancy profession includes many firms with specialist interests - and a focus on specific sectors.

This focus can allow them to develop specialised knowledge - knowledge which more generalised accountants may not be aware of but which could make a big difference to your financial situation.

Their knowledge can help you maximise your profits and minimise your tax liabilities, providing access to facilities from auditing to online bookkeeping systems, and provide important financial advantages for the practices they work with.

See why you need a specialised accountant for your opticians' practice.

Advisors

Running an optician practice naturally requires knowledge of the latest ophthalmic developments and techniques. As a professional, you will be fully aware of what these are and how they can impact your patient care.

But running an optician shop also means running a business. Understanding all the issues that affect your business and its profitability demands a different type of expertise. Knowing the latest marketing techniques and being fully aware of the developments - from legislation to fashion trends - which will affect your business can be essential to maintaining and increasing your profitability.

Advisors to the optical profession, providing access to key knowledge on every aspect of practice management, can work with you to develop your business and plan for its future, helping you deal with issues and challenges on every level - whether it is with planning an expansion or dealing with the increased competition form a franchise that has opened up in your town.

Find out more about the help an opticians' practice advisor can provide you.

Sales and acquisition agents

Sales and acquisitions agents are the first point of contact if you are looking to buy or dispose of an optician shop.

A conventional ‘high street’ estate agent may be able to help you find suitable property but if you are looking for a business to buy, either as a first practice or as a branch which will complement your existing activities, you may need a sector specialist.

As well as providing lists of businesses for sale in your region, agents are frequently able to provide a range of additional services, such as surveys, valuations and reports, which can help you support funding applications, planning permission requests and business development planning.  

A specialist may also be essential when you are ready to retire or move on and want to sell your existing business.

Planning an optician business purchase - or disposal? Look here to find the help you need.

Equipment providers

Your optician practice will require a wide range of equipment. Obviously, you will want to work with the latest, high-quality clinical and diagnostic apparatus. But your equipment needs do not stop there. You will need an attractive shopfront and effective merchandising systems for your sales area - which, these days, may need to include smart mirrors and VR as well as attractive lighting and frame displays.

You will need an IT system to streamline the running of your business, and to ensure you can provide a professional approach to patient record keeping, appointments and billing.

Specialised equipment suppliers can answer all your needs.

You also must have access to the full range of frame and lens suppliers.

Knowing all the suppliers working in the sector can help you shop around and save. You can find details of the suppliers for the optician sector here.

Legal services

Running any kind of business will demand the support of legal services with relevant experience.

Contracts of all kinds must be drawn up with staff, suppliers and landlords. Buying and selling a practice, drawing up partners and lenders agreements must be legally watertight. Negotiations with public authorities and health trusts must all be supported by carefully-worded agreements and knowledge of the procedures and protocols required.

Inevitably, you will need legal support to deal quickly and effectively with disputes as they arise.

Knowledge of the sector, of the challenges and the relevant legal precedents, can be essential to swift resolutions and minimising costs.

See how legal experts with expertise of the sector are vital to provide the legal support you need.

Media partners

Being aware of developments in the optical profession is vital if you are to adopt best practices and benefit from them. The sector is served by a number of media partners providing news, insight and analysis to keep readers informed of the latest developments in optician businesses in the UK.

Both online and print media are available. They allow readers to keep abreast of the news and other content - and offer the opportunity to communicate, advertise and respond to content to support your business objectives.

Discover how our media partners can help you and your opticians business.

Partners

There are many bodies and associations providing a variety of support services for opticians and for people working in the industry. Services include training, recruitment, career development and a range of benefits.

Working with these partners is vital for your future. See why here.

Valuers

Getting accurate valuations and costings for your business is essential if you are planning a sale, acquisition or merger, or seeking funding.

Specialist skills and understanding of the business are necessary to deliver them. Experienced valuers can provide reasoned and informed advice, underpinned by access to comparable and contemporary trading and transactional evidence.

At Rangewell, we know the leading market specialists and can introduce you to the surveyors and valuers whose work for the optician sector is recognised and accepted by banks, institutions and industry operators. See why you need them here.

Joining the Rangewell Optician Services Directory

Are you a professional with expertise in the optician sector? Please contact us to discuss being included in our database. There is no charge for professionals who wish to be featured in our ‘ecosystem’ directory.

Call us now on our Opticans' Support Line on 020 3936 0069.

We needed an accountant who understood the challenges the optician business presents - Rangewell found us the firm we needed.
A high street solicitor can’t be expected to be familiar with to understand the finer points of running a specialised practice like an opticians. Fortunately, Rangewell found us someone who did.
Buying any business is a big step. When Rangewell found us the funding we needed to buy an opticians, they found us experts to take care of drawing up the contracts, valuations - and even to bring in the equipment we needed.

Download Rangewell’s free and detailed guide to business lending

Rangewell Ebook - 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...

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

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