: 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
: 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 buying an existing optometry practice
: You bypass the "ramp-up" phase, securing income the moment you take over. : Banks are often more willing to finance
: A healthy practice typically sees net income representing 20% to 25% of gross revenue. 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.
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