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sell practice
“Hey John, Can you give me a ballpark figure on how much my practice is worth?” This is one of the most common questions I get asked as an appraiser.  Like most things, there is no quick and easy answer. Appraisers Use Rule of Thumb While some appraisers like to use rules of thumb such as one...
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The Optometry Partnership Sale Formula for Success Should you consider bringing in a partner before selling? In earlier blogs we discussed selling your practice outright. In many cases the best exit strategy is to bring in a partner, maintaining a share of ownership. Advantages of Partnership Sale Here are some advantages: The senior partner shares...
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What Vision Therapy Can Add to Your Practice Vision Therapy (VT) may not be part of your practice today.  If you are considering retirement from your optometry practice, adding VT now opens up a stream of new patients and will enhance your practice value.  I want to thank Dr. Nathan Bonilla-Warford, OD for contributing this...
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Renovate Your Website By: Daniel Feldman My daughter likes to watch a show on HGTV called Property Brothers where identical twins Jonathan and Drew Scott help families find, buy, and transform fixer-uppers into dream homes. If you haven’t seen the show yet, it is a great lesson that renovation can work wonders. The show often...
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Your Corporate Practice Value As baby boomers get ready to slow down and retire, I have been getting an increasing number of requests from OD’s who have practiced in retail settings to appraise their practices and help them with their exit strategy. What I have come to realize is that the retail optometry world is...
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It’s All About Your Net “It’s not what you make, it’s what you keep.” Too many OD’s, and all physicians, get caught up in how much they gross every year. The focus on top line performance and pay scant attention to the amount they take home. Typical Optometry Practice Net Profit Net profit is the...
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Patient Charts Equity Value In our last blog, we discussed how accounting offices commonly buy client records from each other. Here is how that works. Most commonly they pay only for those clients that actually transfer, typically 20% – 40% of the amount that they collect for that client. How Can This Work For Optometry?...
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The Value of Your Patient Charts A sometimes overlooked value of your practice are your patient charts. Just as you have equity in your equipment and inventory, so have you equity in your charts. Let’s look at an example. Appraisal for an Optometrist’s Widow I performed an appraisal recently for a widow whose OD spouse...
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