Entry to Practice Ownership
Do you want the freedom, challenge and opportunity to run your own practice? Vision One can help you realize your dream of owning a private optometric practice. Practice buyers can count on us to clarify the practice transition process, help assemble the appropriate transition team and customize financial structures that can reduce transition risk (see Financial Education ).
Our 1st practice acquisition financing is customized to meet your personal and professional cash flow requirements. Our financing structures feature built in "safety nets" for first time buyers, allowing them a greater probability of success! As the optometric industries full service financial institution we will help establish your Vision One business checking account, including electronic settlements.
Primary and Down Payment Financing
Most practices that are 100% financed often have very tight cash flow. The added risk associated with the transition to a less experienced operator unfamiliar with the patient base is sometimes overlooked. Through our Vision Loans program (jointly developed with VSP) first time practice purchasers might qualify for down payment financing in addition to Vision One's primary financing, with terms specifically designed to help offset transition risk.
Terms of Primary and Down Payment Financing
- Up to 100% financing available
- Financing includes working capital
- Terms up to 10 years
- Variable or fixed rates
- Custom features are available to support cash flow
- No prepayment penalties
Seller Financing
Many practice sellers are advised by their tax consultants to carry a portion of the financing in order to defer taxes upon sale. Vision One is experienced with the integration of seller loans into a beneficial overall financing package for the practice buyers.
Partial Ownership of Optometric Partnerships and
Corporations
Many optometrists enter practice ownership by purchasing an interest (less than 100%) in a private practice. Vision One can finance your acquisition of a partnership share or corporate stock purchase.
Multiple OD practices provide many benefits for the buying optometrist as the senior optometrist(s) remains in the practice.
- Business transition risk is minimized
- Continuity is maintained, which should result in less patient attrition
- Mentorship is available from senior optometrists
- Multiple OD practices can
- Achieve higher profits from operating efficiencies due to higher volumes
- Provide flexible schedules for personal lifestyle choices (raising
children,
teaching, volunteer work, travel, seasonal sports, etc.)
It is advisable to determine compatibility prior to entering a multiple owner practice.
Contact Vision One to discuss personalized financing options and structures:
- Loan terms up to 10 years
- Choose from fixed or variable rates
- No prepayment penalties, no residual payments
