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.”

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 more complicated solution such as ‘Jigsaw’ finance for opticians made up of a combination of different financial products, we can work with you to find the answers from:

• general finance for opticians
• loans for opticians to grow their practice
• private equity for management buyouts
• refurbishing an opticians
• start-up finance for opticians

Call us now to get our optical practice team working for you. You can also check out the Opticians' Directory - supporting your business with everything from specialised sales and acquisitions for opticians to equipment suppliers and more.