Partner Buyouts for Opticians
Helping you own your business
- From 6%
- Up to 5 years to repay
- Simple to arrange
- Based n the profitability of the practice
- From 2% above base rate
- Up to 25 years terms
- Finance secured on business or personal assets
- Early repayments without penalty
- Bespoke finance packages
- Individual solutions
- Flexible repayment arrangements
- Terms to suit your needs
Acquiring a partnership or other share in an existing opticians business or buying it outright can be an excellent investment. But you will need to provide a high level of funding to make it possible.
If you are in the early stages of your career as an ophthalmologist, you may be looking at the best way to enjoy real rewards.
Running your own business is probably the most rewarding route for most people in the profession.
Buying into an established opticians practice can be a major investment but it can be simpler, and present fewer risks, than attempting to set up your own practice. Finding a practice with potential as well as an established customer base would mean profits from day one - and avoid the costs and uncertainties of setting up.
Partner Buy-ins are common with larger practices. They may be a way for an existing partner to leave the business, often to retire. A large investment will be required from the joining partner to recompense the exiting partner for his or her hard work in building up the practice. Some funding may be required by the business itself.
With a Buyout, you may acquire the entire practice. The sums involved will reflect how much of the business you are acquiring, and the scale of its operation. But whether you are taking over a small practice or taking a share in a major high street business, it is essential to find the most appropriate kind of funding solution, and the most competitive rates.
“I saw the opportunity - Rangewell showed me how I could have the funded I needed to take it.”
REAL EXAMPLES OF WHAT WE CAN DO
Source a professional loan to allow a recently qualified ophthalmologist to buy a partnership in an existing practice
Find the most competitive asset refinance deal to allow a buyout
Help a contact lens specialist arrange ‘jigsaw’ funding to allow her to acquire an existing practice
Find finance to allow two partners to acquire a large established practice
Produce funding for an optician to buy into a prestigious, city-wide partnership
Funding a Partner Buy-in or Buyout
At Rangewell, we know several ways to provide the scale of funding required with Buy-in and Buyout Funding.
If you are planning to buy into an established opticians business, many lenders will be happy to lend to you. Your status as an optician represents a good business risk, and you can prove the viability of an existing business with accounts.
As well as conventional loan products, we can help you find Alternative Funding, using new loan providers and styles of funding.
Whether you have a straightforward, small-scale financing requirement, or need a complicated ‘Jigsaw’ funding plan made up of a combination of different financial products, we can work with you to find the answers.
Call us now to get our optical practice team working for you.
Helping you build your profits
Lending tailored to your needsAt Rangewell we can help you find the most appropriate finance for any type of buyout or buy-in.
Funding scaled to your needsFunding solutions are available for your plans whatever the size of business, from tens of thousands of pound to tens of millions.
Cutting the costsWe can help you find the most cost-effective solution for your needs.
Reducing risk with expertiseOur expert teams understand all aspects of business funding. Their expertise works to support you and reduce your risks.
Releasing the value in your businessAsset Refinance can help you release the value in the business to help you buy it.
Specialist lendersSome Asset Funding providers specialise in particular sectors. At Rangewell, we can help you find the most appropriate lenders for your practice.
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.
An additional commitmentBorrowing may be a long-term commitment, with ongoing monthly repayments which will affect your cashflow.
You may need to repayIf you sell your business, you may need to repay your borrowing.
Borrowing may be a personal liabilityLending will be secured on your practice, but you may be personally responsible for repayment with some types of loan.
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.