Rangewell

Partner Buyouts for Vets

Helping you buy your veterinary practice

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Funding options

£

Unsecured Loans

  • From 6% above base rate
  • Up to 5 years to repay
  • Simple to arrange
  • Based on the profitability of the practice

Secured Loans

  • From 2% above base rate
  • Up to 25 years terms
  • Finance secured on business or personal assets
  • Early repayments without penalty

Jigsaw Funding

  • Bespoke finance package
  • Individual solutions
  • Flexible repayment arrangements
  • Terms to suit your needs

Talk to Rangewell - the business funding experts

Buying into an existing practice can mean a very large investment. At Rangewell, we can use our contacts across the entire UK lending industry to provide the scale of funding you need.

At Rangewell we recognise your professional status, and we work harder to find you better solutions - which can include 100% finance for many of your needs.

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Acquiring a partnership or other share in a veterinary practice or buying it outright can be an excellent investment. But how will you provide the funding required.

Table of Contents

Buying into an established veterinary practice can avoid the costs and uncertainties of setting up, and let you work in a business that is profitable from your very first day. 

Partner Buy-ins are common with larger practices and may offer an opportunity to bring in new talent as part of an expansion plan, or as a way for an existing partner to leave the business.

Funding will be required from you as a joining partner, either to support the growth plans of the business or to recompense the exiting partner for his or her hard work in building up the practice.

However, with a Buyout, you may be able to acquire the entire practice, but this is more common with smaller, one-person veterinary practices.

The sums involved will reflect the turnover and the potential of the business, as well as the proportion being offered - but it is always essential to find the most appropriate kind of funding solution, along with the most competitive rates.

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. Solutions can include:

Secured Loans 

The scale of funding required with larger practices  - which can be £250,000 or more - 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.

Practice Loan

It may also be possible to arrange a specialist Practice Loan that is, effectively, an advance secured on the future performance of the business itself.

Unsecured Loans

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.

Vendor Loan

With this type of finance, the vendor can actually help fund the transition by leaving some of their equity within the company as loans to be repaid over time. This may be required by some lenders who want to see evidence that the plan is fully viable by the sellers.

“Working in my own practice would mean I could concentrate on the types of animals that I was interested in - equines. When I found a growing practice that specialised in horses, and which had an opportunity to join as a partner, I jumped at the chance. When it came to funding, I needed help - Rangewell was able to set it all up for me.”

Why you need Rangewell to find finance for your business Buy-in or Buyout

If you are planning to buy into an established veterinary practice, many lenders will be happy to lend to you. Your status as a veterinary professional represents a good business risk, and you can prove the viability of an existing business with accounts to back you up. 

But securing the most competitive deal takes time and expertise. We know the lenders who can offer the most competitive rates, and can help you find the funding that is most appropriate for your particular needs.

Whether you have a straightforward, small-scale funding need, or you require more complicated ‘Jigsaw’ Finance for your veterinary practice, made up of a combination of different financial products to cover several different needs, we can work with you to find the answers.

We can help with any type of veterinary finding, including:

Call us now to get our experts working for you.

REAL EXAMPLES OF WHAT WE CAN DO

  • Source a Professional Loan to allow a newly qualified vet to buy into a partnership in an existing practice

  • Find the most competitive Asset Refinance deal to support a Buyout

  • Help arrange ‘Jigsaw’ Funding to acquire an existing practice

  • Find the finance to allow two partners to acquire a large, established practice

  • Provide the funding to buy into a prestigious partnership serving agricultural clients across a wide area

Discover our range of finances

Every type of finance for every type of business

Our goal is very simple - to help businesses find the right type of finance as quickly, transparently and painlessly as possible.

Helping you build your profits

  • Lending tailored to the needs of your goals
    At Rangewell, we can help veterinary professionals find the most appropriate finance for any type of Practice Buyout or Buy-in.
  • Funding scaled to your needs - whatever they may be
    We can find the funding solutions for your plans, whatever size of business - from tens of thousands to tens of millions of pounds.
  • Cutting the costs of finance for you
    We can help you find the most cost-effective solutions for your needs - whether that is a straightforward funding need or a more complex package.
  • Reducing risk with expertise
    Our expert teams understand all aspects of business funding, meaning that their expertise works to help support you and, in turn, reduce your risks.
  • Releasing the value in your business
    Solutions such as Asset Refinance can actually help you release the value already within the business to help you buy it.
  • Specialist Lenders
    Some Asset Funding providers specialise in particular sectors, including the veterinary sector. At Rangewell, we can help you find the most appropriate lenders for your practice and your individual needs and circumstances.

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