Investment level: £50k-£100k
FRANCHISEFOCUS As the Match Options name suggests, its
methodology is to ‘match the options’ available within the social and health employment sector to suit both clients and candidates. Those options include opportunities for both temporary and permanent positions. When starting any business, you need to be
confident that there is a demand for your product or service and that the demand is long term. Match Options serves not only an existing market, but one that is growing.
"Match Options serves not only a need but a necessity – the wellbeing and care of the vulnerable in the community"
We are currently facing a ‘demographic time
bomb’. Improvements in social conditions, healthier living and huge advances in medical science, while all welcome developments, have resulted in a population living longer than ever. With an ageing population we face the growing
challenge of providing care and the gap between those who need care, and those family members who have traditionally provided care, is widening.
Healthcare Staffing The medical profession faces challenges related to not only the ageing population but also due to a chronic shortage of qualified staff. Failure to attract, recruit and train sufficient staff
along with individuals leaving the profession have resulted in this shortfall. Utilising the services of businesses such as Match Options has become not only a need but a necessity in order to safeguard
the wellbeing and care of the vulnerable in the community. As a Match Options franchisee you can operate in both regulated and non-regulated sectors. You can focus on starting as specialist recruitment agency supplying temporary and permanent staff such as nurses and healthcare assistants to regulated organisations including hospitals and care homes. You can also operate a domiciliary care business
(providing care in the home) regulated by the Care Quality Commission. You will be required to register as a domiciliary care provider with the CQC and Match Options will work with you on your registration.
Investing in a Match Options franchise: A Match Options franchise requires a total investment of £70,000, made up of: yFranchise fee: £30,000 plus vat (£6,000) yWorking capital of £40,000 Banks can provide funding for the franchise, dependent on personal circumstances, but the minimum investment at this time is £36,000 liquid cash available. Match Options can facilitate through introductions and support on business planning for any funding needed. An available invoice finance facility and a short-
term loan facility will cover the working capital while the loan facility (minimum cash deposit of £5,000 required) will cover the franchise fee. See box below for details of Match Options' short-term business loan.
MATCH OPTIONS Recruitment, care 07710 149 513
franchise@matchoptions.co.uk matchoptionsfranchise.co.uk
Franchisee funding: short-term business loan purpose
This loan is available to fund initial investment capital for a Match Options franchise under the following terms: y Deposit required - £5,000 y Arrangement fee – 5 per cent of advanced amount y Interest – 2 per cent monthly on advance (charged in advance and loaded on advanced borrowed amount)
y Tenure – maximum 24 months (equal repayment monthly instalment)
y Security – company debenture and personal guarantee (the guarantor must be a home owner with adequate equity to cover the borrowing) and clear credit check for all principals/directors
Worked example: Investment (inclusive vat) £36,000 Less: Deposit 5,000 Balance 31,000 Add: 5 per cent arrangement fee £1,550 Loan before interest £32,550 Add: interest (24%) £7,812 Loan after interest £40,362 Monthly instalment (24 months) £1,681.75
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