Brokerplan close multi-million pound deal

Brokerplan Academy franchise
Brokerplan Academy A unique opportunity to build your own brokerage and become a finance specialist.

We give you all the tools and training you need to launch your new business and career in finance!

Request information
Read more
Published on

Brokerplan recently celebrated the closure of a lucrative multi-million pound finance deal which netted some cool commission.

Brokerplan has published details of one of its most successful feats of brokerage to entice ambitious new entrepreneurs into its franchise.

The commercial finance brokers network, which is an offshoot of parent company The White Rose Finance Group, is no stranger to dealing with big money and it’s been celebrating the closure of a deal worth just over £3 million on a London Dental practice.

After being approached by the owner of a successful dental practice in Southall, London, Brokerplan was tasked with finding the right finance option to allow him to retire and pass over responsibility to his children. The successful business had been valued at a cool £5.1 million in 2015 by Christies, with the client’s freeholds adding an additional £1.6m.

However, as he looked to hand over the reigns of his business to his children, he needed help to find the right succession/restructuring second generation loan which would include them as directors. Despite having banked with Barclays since opening his practice in 1994, he still owed them around £2.8 million, making them reluctant to offer further loans.

Working with his local Brokerplan, the client began to search for a way to finance the restructuring. Luckily, his dedicated broker was able to secure a meeting with Lloyds, who were interested in offering financial support to the successful practice. The bank offered finance terms which would permit the client’s children to be added as directors, allowing them to continue fulfilling their NHS contracts which are worth around £1.4m per year and additional private work.

For the lucky broker involved, the hard work they’d put in to secure the deal wouldn’t have been in vain. Brokerplan estimates that the broker received at least £31,000 in brokerage fees as well as over £11,000 in commission and arrangement fees. It hopes that new franchisees will be lured in by the potential for incredible earnings from deals such as this one and will help it continue its UK wide expansion.

Since it was set up in 2004, finance franchise Brokerplan has earned a reputation as one of the UK’s most respected and successful Commercial Finance Specialists. It’s regulated by the FCA and a full and active member of the National Association of Commercial Finance Brokers (NACFB), so franchisees and clients alike can be assured they’re in trustworthy hands.

Other recent news
Did you enjoy this article? Please rate this article
Be the first to rate this article
These articles may interest you

What awaits you at Franchise Expo Paris 2024

Decades of Evolution: Franchise Expo Paris Reflecting Market [...]


FRANCHISING EVENTS

Celebrating the best of the best in British franchising

The Elite Franchise Top 100 (EF100) is thrilled to announce the latest [...]


FRANCHISING EVENTS

The Future is Halal: Emerging Franchise Opportunities in the UK Halal Market

Embracing a Growing Market  In a world that’s becoming [...]


TOP FRANCHISES

8 Steps for Opening a Car Repair Garage

Transport is part of our daily lives. We drive to work, take the [...]


STARTING A FRANCHISE

Mastering How to Finance a Franchise with No Money

Franchising is often a more affordable way of becoming an [...]


FINANCING A FRANCHISE

0 Comments

Post a comment

The comment will be public. If your are interested by this Franchise, please fill out your personnal details on the request information form.

Characters remaining: 250