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Optometry Practice Appraisals

The basis of information and fundamental resource for every practice sale, purchase, or partnership.

The appraisal of an optometry practice is one of the first and most important steps in a practice sale, purchase, partnership, or merger. The appraisal report will provide substantial analysis into the optometry practice, justify its fair market value, and serve as a critical resources for banks to approve financing.

VPG utilizes generally accepted methodologies to determine the fair market value of an optometry practice. Our optometric appraisals are recognized as the most thorough and detailed in the industry supported by research, analysis, and industry standards. Additionally, our experience brokering optometry practice sales provides us a direct understanding of what the market is willing to pay for a practice, which is critical in generating a realistic fair market value.

For over 70 combined years our group has prepared thousands of appraisals, which are accepted by all the leading lenders in the industry. Contact us now for more information.

Our optometric appraisals are recognized as the most thorough and detailed in the industry supported by research, analysis, and industry standards.

APPRAISAL INQUIRY FORM

Feel free to contact us or send an inquiry below and we will respond to any questions you have about the appraisal process. All information provided in this form will remain confidential unless you authorize otherwise.

COMPLETE THE FORM

SELLER
APPRAISALS​

For the optometry practice seller, the appraisal serves as the fundamental instrument in establishing a fair market value for your practice and justifying its asking price...
It shows buyers that you have a valuable asset that is transferable with all the necessary data available for a buyer to complete due diligence. It also shows buyers that you are ready to sell. Buyers are likely to view your asking price more seriously if supported by a written appraisal performed by a reputable appraisal firm. Also, bankers will require a practice appraisal in order to lend to a buyer.

Buyer
Appraisals

For prospective optometry practice buyers, the appraisal will be instrumental in determining whether the practice price is feasible and affordable...
Affordability will be a determining factor as to whether the buyer should move forward with the practice purchase. The optometry practice appraisal will also give the lender thorough understanding of the financials of the practice which will aid in determining whether they will approve the buyer for financing. The lender will utilize the appraisal to ascertain whether the practice will provide sufficient cash flow to support income, expenses, and debt service.

Partnership
Appraisals

For the partnering optometrist, the optometric appraisal is essential not only in determining the value of the partnership but also in determining the share values of each partner in a buy-sell agreement...
The appraisal serves as a starting point for negotiations helping to ensure an equitable arrangement for all parties. In partnership dissolution or liquidation situations, the optometry practice appraisal will serve as an unbiased formal starting point with which to address the division of equity equally and or structure fair partnership terms.

Our Optometry Practice Appraisals Include

It is with pleasure that I offer a hearty endorsement of VPG and Erik for the help he provided evaluating and selling my optometric practice. Erik's knowledge of the optometry business, his extensive experience and his connections in the industry helped us reach a financially and emotionally satisfying outcome. I could not be happier with my experience and results.
Rick Smart O.D.
If I am ever in need of Erik's services, I would not hesitate to call him again. If you are looking for someone that is more interested in helping you out and making sure everything is exactly right, then VPG is where you need to start -- it's too bad Erik is not also an accountant...
Jay Chretien, O.D.
Erik provided expertise in all aspects of the business and helped to objectively and analytically assign an appropriate value to the desired practice. As a prospective buyer with no experience in profit and loss statements, employee payroll, and cost of goods sold, Erik’s advice was invaluable. I would highly recommend Erik and VPG to others interested in buying or selling a practice.
Brian G. O.D.
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Watch the broadcast

Click here for a recorded broadcast of FAQs answered on the subject of partnering with or buying an optometry practice.