Start-up finance for Opticians

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Asset Finance

  • Spread the cost of any equipment
  • Use the latest technology
  • Buy with monthly payments
  • Lease with no upfront cost

Loans

  • Secured and Unsecured Loans
  • Borrow for any purpose
  • Predictable monthly repayments
  • Tailored to your cashflow

Any funding requirement

  • All types of equipment
  • Working capital
  • Pay staff
  • Fund marketing - training - development

Talk to Rangewell – the business finance experts

Launching your own opticians business could be a step into a rewarding future if you can secure the funding you need. At Rangewell, we’re ready to use our contacts across the entire UK lending industry to provide it.

Setting up as an optician will mean competing with major franchises - but you can succeed as an independent business if you have the funding you need.

Working as an ophthalmologist demands your professional skills. But before you can use those skills to start your own optician's practice - and earn real rewards -  you will need to source large scale investment.

You will need premises. A high street location might be essential and you need retail space to display frames as well as space for your consulting room.

You will also need equipment. You will be competing against high street franchises, so you will need the latest apparatus, from a fundus camera to an OCT system simply to provide the same level of care.

You will also need staff and working finance until your new practice finds its feet.

The cost can easily be hundreds of thousands of pounds.

The challenging of funding a new optician’s business

All start-ups share the same challenge. Traditional lenders are only interested in lending to established businesses with years of audited accounts. Even the new breed of online business lenders usually want evidence of a year’s trading, with online accounts and VAT returns before they will consider an application. Your optician start-up has no trading history - so they have no evidence that they will be repaid.

At Rangewell, we know that there are solutions - ways to raise the funding you need, and lenders who can be sympathetic we can show you all the options, with specialised funding for start-ups.

Whether you borrow money, dip into your savings, look for equity investors or go another route, you need to understand all your options before you choose. We can show you all the options, and we have a 5-step plan to help you to secure the finance you need.

At Rangewell, we have a 5-step plan to help opticians start a business

Step 1 Your first step should be to ensure you understand the real costs and challenges your new optician business will present. You should be able to decide on a clear figure of just how much finance you will need, and be able to explain exactly how you will use it.

Step 2 Then ensure that your own personal financial situation has no issues like outstanding debts, CCJs  or other negatives. You may need to provide a personal guarantee to secure the funding you need.

Step 3 Prepare a business plan with a forecast profit and loss, your balance sheet and your cashflow. This should help you see how much funding you need and help lenders or investors understand the potential of your business.

Step 4 Now simply contact us. We’ll help you use your business plan as a tool to help secure the funding you need. Because we work across the entire UK lending market, we know which lenders to approach.

Step 5 We will find lenders who are prepared to provide the finance you need and use our unique online system to ensure you can secure the funds you want at the most competitive rate.

“Starting up any business is daunting, with the financial responsibilities involved. Setting up a high street opticians' practice is particularly so because of the high costs. Equipment, premises and working capital for the first year of business all mean a good external source of funding is essential. Rangewell can help”

REAL EXAMPLES OF WHAT WE CAN DO

  • Find funding to allow a new opticians' practice to acquire high street premises

  • Help find the most competitive funding for the first months of a new practice

  • Source a professional loan for an optician ready to start a practice

  • Find the most competitive lender for equipment and spread the cost with HP

  • Help arrange ‘jigsaw’ funding for all aspects of an opticians start-up

Getting the help you need from Rangewell

Coming to Rangewell means getting a team of financial experts working for you and your new practice.

We can discuss your objectives, point out the challenges and the opportunities and help find answers that are right for you.

We can help you with financial solutions that can scale to fit your business and 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.

We can even help tailor a package of funding to your needs, with Jigsaw funding.

To find out more about setting up the finance you need to set up your opticians' practice simply call us. Our experts are ready to help.

I wanted to set up an ENT consultancy. Rangewell helped find the funding.
I didn’t know where to start. Rangewell helped every step of the way.
Medical experience does not prepare you for the financial challenges. Rangewell helped me find the answers.

Helping you build your profits

Funding to suit your plans

Every practice is different, and we can work with you to find financial solutions designed around your particular circumstances.

Take your pick of the lending market

We understand all types of business finance, and have mapped thousands of products from hundreds of suppliers.

Experience with all sectors

Our expert team includes people who have worked in your sector. They understand the challenges you face and know the answers.

Jigsaw finance

You may need finance with different types of lending for specific purposes. Because we cover the entire business lending market, we can help you find tailored jigsaw funding.

Getting government support

Government startup funding can help provide the investment you need. At Rangewell, we can help you secure it.

Finance that can grow with you

Having flexible funding that can grow with you could help you make the most of the potential of your practice.

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...

Impartial

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

In-depth

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

In-person

Specialist Finance Experts support you every step of the way.

Free

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