July success story
This month, NGI Franchise Funding is delighted to share how we supported a new franchisee in securing the funding required to purchase a well-established homecare and support services franchise. We worked closely with the client to build a robust business plan and structure a £720,000 funding package, providing the finance needed to complete the purchase with confidence and take on a business with a strong reputation for quality care.
The need: £720,000 to purchase a homecare and support services franchise
Our client identified an opportunity to acquire an existing, high-performing homecare and support services franchise, recognised within its network for the quality of care delivered to clients and the strength of its local reputation. Purchasing an established territory of this kind offered a proven client base, trained staff and an existing care commissioning structure already in place, but it required significant capital of £720,000 to fund the acquisition, alongside working capital to support a smooth transition of ownership.
As with many franchise resales, having the right funding structured from the outset was essential. The homecare sector carries its own considerations for lenders, from CQC compliance and staff retention to the recurring nature of care contract income and it was important that any funding solution reflected the stability and long-term nature of the business being acquired.
The solution: A bespoke business plan with financial projections and £720,000 funding package
We worked closely with our client to prepare a comprehensive business plan and set of financial projections that clearly demonstrated the strength of the existing franchise, its contracted care hours and its growth potential under new ownership. This allowed us to approach lenders with a compelling, well-evidenced case and secure a £720,000 funding package tailored to the acquisition.
This tailored funding solution gave the franchisee the confidence and financial support needed to complete the purchase and step into a quality, established homecare business on solid foundations, ready to continue delivering excellent care to existing clients from day one.
Why NGI Franchise Funding?
At NGI Franchise Funding, we specialise in helping franchisees access the right funding to support every stage of their journey, whether launching, purchasing an existing territory, expanding, or strengthening working capital. Our experience in franchise finance and particularly within the care sector, along with our strong lender relationships, allows us to structure practical, tailored funding solutions that work around each business’s goals and requirements.
We are proud to have supported this new franchisee in securing the finance needed to purchase their homecare and support services franchise and take the first step towards building a successful future in franchising.
For more information or assistance, please call us on 01993 706403 or email hello@ngifranchisefunding.co.uk.