Funding and Finance for Opticians

Finance for Opticians

At Sterling Capital Reserve we recognise that the healthcare sector is different, and we are able to source a wide range of innovative and competitive finance and loan packages specifically tailored to the needs of opticians.

Are you :-

  • An optician wishing to purchase your own practice?
  • An established opticians practice wishing to finance an expansion or buy into a franchise?
  • An optician looking to buy out a partner?
  • A new or established opticians practice requiring finance for new equipment?
  • An opticians practice looking for practice funding or a partnership buy in?
  • An opticians practice looking for help in paying Inland Revenue arrears?
  • An opticians practice disillusioned with your current financial lender?

Then we would like to hear from you.

Our healthcare division is run by an ex-banker with over 20 years experience working for one of the major specialist healthcare lenders looking after opticians and other healthcare professionals just like you.

We have many contacts with the major banks together with specialist niche healthcare lenders, and we know the types of deals that are synonymous with this sector.

For opticians, we are able to arrange up to 100% funding (often this can include legal fees and internet roll up facility) for:

  • Property Acquisition
  • Property Refinance
  • Purchase of franchise businesses
    e.g Specsaver, Vision Express etc
  • Refurbishment
  • Business/ Goodwill Acquisitions
  • Business Expansions
  • Partner Buyouts / Buyins
  • Fixtures and Fittings
  • Practice Loans

You can be confident that we will source the most appropriate funding structure for you.

We have had some notable sucesses, both for opticians and other healthcare professionals, a few of which can be read about in our healthcare funding case studies.


Opticians Funding Case Studies

Opticians Practice Purchase - (Midlands - £458k)

Funding was arranged for an experienced optometrist to purchase an ongoing opticians practice in the Midlands for £308k plus freehold opticians practice premises of £150k.

We arranged a total 100% lend of £458k repayable over 25 years. The security was a charge over the target freehold business premises and life cover.

Opticians Practice Purchase - (Wales - £770k)

We were approached by an experienced optometrist who had formerly owned an opticians business prior to sale and early retirement.

He requested healthcare funding to enable him to purchase an ongoing opticians practice. The total funding amount required was £770k for premises, goodwill, F&F and equipment.

We arranged a significant unsecured element, and facilities were approved over a 20 year term with security of a first charge over the target freehold premises, together with a limited second charge over his family home. The overall unsecured element remained large.


Contact Us

Unlike some of our competitors WE DO NOT CHARGE UPFRONT FEES (although we may make a charge if assistance is required in formulating a business plan). Our brokerage fees are usually only payable when our client has received funding and are in the main generally covered by the lender. Our fees are transparent and will be agreed beforehand.

© 2012 : Sterling Capital Reserve Ltd

Sterling Capital Reserve Ltd
Sterling House, 10 Wheatcroft Business Park, Landmere Lane, Edwalton, Nottingham NG12 4DG
Tel: 0115 984 9800 Fax: 0115 921 5550

Associations

ANY PROPERTY USED AS SECURITY, INCLUDING YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
EARLY REPAYMENT CHARGES APPLY. A BROKER FEE MAY APPLY.

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