Selling An Optometry Practice

I'd Like To Sell My Practice

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Selling An Optometry Practice

Are You Looking To Sell Your Optometry Practice?

At 1st Med Transitions, we understand that Selling A Optometry Practice on your own can be a difficult and time consuming task. Whether you are ready to sell or just starting to think about selling your Optometry practice, our transition advisors are here to discuss your options.

We know that you have invested years of hard work and sweat equity into your Optometry Practice. When it comes to selling it, you want to make sure that you have the right team in place to help and support you every step of the way. At 1st Med Transitions, we have developed a tried and true method designed to generate a fair market value for your practice.

Determining the selling criteria

This is the most important step in the process. We will discus your goals, objectives and timeline for sale. We will asses your current situation and provide you with our opinion on what the market will bear for your practice.

Building The perfect offering memo

The Practice Offering Memo is the primary document we use to develop buyer's interest in your practice. More important than just detailed financial numbers, the Offering Memo focuses on the intangible factors of the practice such as Market Trends, Staff Strengths, Patient Base, Production & Collection Sources and many more items that justify the value of the practice.

Asking Price determination

We start our pricing strategy with the official CVA Opinion Of Value ordered after we enter into the listing agreement. Don't worry, we cover the cost of the valuation. Our goal is to determine an asking price that positions the practice to maximize the pool of buyers. The more competition we can generate for your practice, the higher the potential for sale and maximum profit.

Negotiating the sale

Every contact between buyer, seller and broker, from initial discussion to closing, is an opportunity to lay the groundwork for future negotiations. One single event does not typically lead to the successful sale of your practice. It is a combination of the presentation, offering memo, timely communications and direct industry knowledge that lead to a win-win negotiation.

the devil is in the details

The difference between a closed transaction and a practice left on the market for months, can many times comes down to the attention to details. There are a number of aspects that lead to a successful closing - deal structure, non-competes, escrow, representations and warranties and transitions agreements. We stay on top of every step in the process from the marketing, letter of intent, due diligence to the purchase & sale agreement and ultimately closing.

Our dedicated transition advisors are always on-hand and ready to assist, so you can achieve your sale faster and more efficiently, all while having someone by your side who you know you can trust.

To get started, complete our Optometry Practice Transition Form Here and one of our experienced practice transition advisors will contact you within 24 hours.

Optometry Practice Sales Advisors are available, Call Us: (800) 815-0590.

Why Sell With 1st Med?


  Direct Industry Knowledge
  Save 40%-50% In Commissions
  Flexible Listing Agreements
  Nationwide Pre-Qualified Buyers
  Free Practice Valuations

Seller Articles & Resources


]   Why Sell With A Specialist?
 
]   Why Cash Flow Matters?
 
]   Why A Valuation is Important?
 
]   Ready To Sell... Read This First!
 

Client Testimonial

Mike was so much more than patient and professional through the entire application, approval, and funding process. When I felt overwhelmed, he helped me work through the process to get the ideal result, owning my own optometry practice, which has been a lifelong dream!

I cannot express my gratitude enough for having someone as an advocate during this journey!

Thanks so much Mike!!"

Dr. David T. Brown, OD