Financing Specialist Medical and Beauty Equipment

Small businesses and franchises with high initial setup costs, such as those delivering medical and beauty services, can look to equipment finance to spread their costs and expand more rapidly. There is also a marketplace for pre-owned specialist equipment, which can also be financed to free up more funds. However, on top of the usual minefield of competing products and finance terms, identifying providers who will finance a start-up with pre-owned equipment, can be more difficult!

So you can either spend your time doing your own research, searching the web, reading terms and conditions, calling and speaking to providers to find those who will offer you deals and then you start the comparison exercise! Or you can use your time more wisely and bring in an expert who have all the answers already and will guide and support you through the process saving you time and money!

A specialist provider with decades of experience, such as Franchise Finance, has the knowledge of the market to structure ‘specialist equipment finance for start-ups’.

As an example, ‘Window to the Womb’ specialise in providing not only 2D and 3D ultrasound scans, but amazing 4D real time moving scans. Franchisees operate from comfortable High Street studios using specialist ultrasound scanners and equipment. New systems cost upwards of £60,000, but there is a healthy market for pre-owned state of the art machines, which can reduce the costs to around £20,000 and still be funded with medical equipment finance packages.

Mark Sadlier has now opened two ‘Window to the Womb’ studios with Franchise Finance’s funding guidance and support, with plans for two more in 2016.

“Quite simply they take the headache out of the process and I really can’t fault them. They understand us as a business and our requirements and the issues with financing our equipment. But they know the finance market so I don’t waste my time researching suppliers and trying to negotiate good terms.”

“For example, when we were expanding too quickly for our original finance company, Franchise Finance were able to find an alternative supplier on nearly identical terms, before I really knew there was an issue. And that I think is the key point, they are proactive in helping us to achieve our aims. When they send paperwork out they always call to go over it with you and I can honestly say they are never the reason we are held up!”

“I would say to anyone requiring finance, whether with niche issues such as ours or not, just go straight to Franchise Finance and cut out the stress.”