: 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
: A healthy practice typically sees net income representing 20% to 25% of gross revenue. buying an existing optometry practice
: Request three years of financial statements , including P&L statements, balance sheets, and tax returns. : Banks are often more willing to finance
Before signing a Letter of Intent (LOI) , you must perform "homework" to uncover potential risks and determine a fair price. including P&L statements
: Analyze key performance indicators (KPIs) like revenue per exam and "Goodwill"—the potential income expected from patient loyalty.
: The sale typically includes essential diagnostic equipment, optical inventory, furniture, and established relationships with labs and referral networks.