Consultancy On Buying A Optician Practice
Are you looking to buy a independent optician practice? If you are not sure where to start you can use our consultancy service to guide you step by step in your journey of owning a independent optician practice. Below we will outline some of the main things we will help you with.
LET US HELP YOU START YOUR JOURNEY
Check Your Business Plan
Business plans are vital to your success as they are used not only to plan out your business’ approach and future growth. Creating a good business plan is therefore something you can’t take lightly.
We will go through your business plan with you and determine if the business will be feasible or not.
You can read more on our Optician Business Planning via this link.
Guide You With Valuation And Negotiations
We are experts at valuating independent practices, we can provide full guidance on valuation and help you negotiate with sellers and get you the best price possible.
You can use our Free Quick Valuation Calculator via this link.
Once you have prepared the head of terms we can check that for you and make sure you have outlined all the points appropriately for you to get the best outcome.
Help You With Head Of Terms
If you are looking to buy an existing independent optician practice, it is important to agree head of terms at an early stage, ideally at the viewing.
It outlines proposed terms during negotiations between two parties. Whilst not usually legally binding are useful when recording what is to be included in a proposed agreement and what is not.
This heads of agreement has options to include legally binding obligations of confidentiality, exclusivity and non-solicitation.
You can read our full article on Head of Terms via think link.
Once you have prepared the head of terms we can check that for you and make sure you have outlined all the points appropriately for you to get the best outcome.
Advise You On Entire Due Diligence Process
We can support you through the financial due diligence process. This is the only opportunity to understand everything you need to know about a practice, before a purchase goes ahead.
You can read more on our Due Diligence Process via this link.
Advise You On Shopfits, Frames Sourcing, Lens Suppliers, Equipment, POS, Recalls
We can advise you on entire set up, that includes practice shop fits, fixtures and fitting, frame suppliers, lens suppliers, testing and glazing equipment, POS and recall systems.
Our expertise in new practice set ups can help you save costs and be more profitable from day one you take over the practice.
Advise You On Growing The Practice / Turnaround Strategy
We as a experts and market leader in independent optician practice sales understand the UK optical market better the anyone else.
We have previously helped and advised number of practice owners, new and established ones with tips, marketing techniques, to help grow or turn around struggling platforms.
We will provide a full detail plan with what you need to do to own a successful thriving independent optician practice.
We have written number of articles on proven strategies and you can read them via this link.
We charge £200 + VAT to provide full consultancy into buying a practice.
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