Partner Buyouts: Helping you acquire your podiatry practice
- From 6%
- Up to 5 years to repay
- Simple to arrange
- Based on 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 package
- Individual solutions
- Flexible repayment arrangements
- Terms to suit your needs
Acquiring a partnership in an existing practice - or even buying it outright - can be an excellent investment. But you need the most appropriate finance solution.
Buying into an established podiatry practice avoids the costs and uncertainties of setting up. You know the kind of profits your new business will be generating from day one. Partner Buy-ins are common as a way for an existing partner to leave the business for retirement. A Partner Buyout would let you acquire the entire practice.
The sums involved will reflect the turnover and potential of the business. A new partner joining a small clinic would pay less than someone taking over an entire practice, although in the sums concerned still make funding essential.
Funding a Partner Buy-in or Buyout
The most appropriate solution will depend on the scale of funding required. The scale of funding required with larger businesses may make some form of Secured Loan necessary. Security, such as the business premises or your home, may be required and will be at risk if you cannot keep up repayments.
For smaller sums, lenders may provide an Unsecured Loan, repayable over three to five years to support a buy-in or buyout. No security is required, but you will need to provide a personal guarantee or this type of lending.
“With an ageing population, more people are needing care from the podiatrist. I was qualified and had the experience, - my next step was to set up a business. Then I looked at the costs and uncertainties involved and thought again. Instead of setting up, I could buy into an existing business. The costs would be broadly similar, and the established business would already have a customer base - so I would be busy from day one.”
REAL EXAMPLES OF WHAT WE CAN DO
Source a loan buy a partnership in an existing practice
Find the most competitive asset refinance deal to allow a junior to buy out the practice owner
Help arrange ‘jigsaw’ funding to acquire an existing practice
Find finance to buy the business from the corporate owner
Produce funding for a podiatrist ready to buy into a major partnership
Why you need Rangewell to find finance for your business buy-in or buyout
If you are planning to buy into an established practice, many lenders will be happy to lend to you. You can prove the viability of an existing business with accounts and order books.
But not all lenders will be prepared to offer the most competitive terms or provide the flexibility that you need. We will work with you to find the lenders that can.
Whether you have a straightforward, small-scale need for funding, or require a more complicated ‘Jigsaw’ funding plan made up of a combination of financial products, we can work with you to find the answers.
Call us now to get our experts 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 Finance for Podiatrists
What types of finance are there - which do you need for your private practice or specialist podiatrist clinical practice
How we can provide an additional income stream
Why it's important to find lenders who are familiar with chiropodists and podiatrists, and the podiatric medicine sector
The downsides to finance - and how to avoid them
How to arrange finance - what paperwork do you need?
Do I have to be registered with the Society of Chiropodists` to be able to apply for practice finance?
Key terms explained
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 podiatry clinic 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.