Buying An Existing Optometry Practice «AUTHENTIC»

: Banks are often more willing to finance acquisitions because they can evaluate the practice’s actual financial track record rather than projections. Essential Due Diligence

: Request three years of financial statements , including P&L statements, balance sheets, and tax returns. buying an existing optometry practice

Before signing a Letter of Intent (LOI) , you must perform "homework" to uncover potential risks and determine a fair price. : Banks are often more willing to finance

: Analyze key performance indicators (KPIs) like revenue per exam and "Goodwill"—the potential income expected from patient loyalty. : Analyze key performance indicators (KPIs) like revenue

: Evaluate existing employee contracts and equipment condition. Be aware that high staff turnover (above 30%) can be a red flag for cultural issues. Financing Your Acquisition What to Consider When Purchasing an Optometry Practice

: Stable practices usually see 20–25% of their caseload come from new patients.

: You bypass the "ramp-up" phase, securing income the moment you take over.