Seeing the way ahead
Having worked for a High Street chain of opticians for some years, Tim was frustrated by the attitude of his colleagues. He became desperate to branch out on his own but friends and family kept pointing out how much competition there was in the town centre and how competitive his profession is.
Like so many entrepreneurs, Tim couldn’t be dissuaded. He had total belief in his abilities as an optometrist and he had conviction that he could run a business.
Thinking outside the box, Tim decided that he could better his chances of success if he sited his practise in the local business park, with the benefits of a captive audience and plenty of parking facilities.
Finding lenders to believe in him proved more difficult than finding premises – until he found Armada. We looked into his background and his business plan and discussed his requirements.
Other lenders were not prepared to invest sufficient funds for a new business to make it viable.
With Tim’s experience and dedication to the project, together with the amount of equity he had in his personal property we were happy to finance £85K’s worth of assets for the new venture.
Now the business park has a stylish opticians, a pharmacy, a convenience store and a children’s nursery, all happy busy Armada clients.