Exit / Retirement Strategies

Are you ready to sell your practice and retire?  Or, do you prefer to continue to practice and ease into retirement?  Would you like to hire an associate with the intent of eventually transitioning ownership?  Vision One has pioneered ways to help you with all of these options. 

Partial Sale of Optometric Partnerships and Corporations

Are you three to ten years from retirement, ready to slow down but want to continue to increase practice value?  You might consider selling a minority interest in your practice.  This strategy allows you to lock in your successor while you retain control of your practice.  Avoid the common problem of reduced practice value upon retirement.

Vision One financing the sale of partnership shares or corporate stock has proven useful for optometrists.

Multiple OD practices can provide many benefits for the selling optometrist.

• Receive cash from the sale
• Lock in your successor by making them an owner
• Retain control of your practice, sell a minority share
• Give back to the optometric community, mentor a junior optometrist
• Multiple OD practices can 
  • Achieve higher profits from operating efficiencies due to higher volumes
  • Provide flexible schedules for personal lifestyle choices (travel, health concerns, etc.)

It is advisable to determine compatibility prior to entering a multiple owner practice. 
Contact us to discuss personalized financing options for buyers.

Full Sale of your Practice

For optometrists ready to retire, Vision One can provide many financing alternatives for practice buyers.   Often, prior to marketing the practice, sellers call us to review practice net cash flow and sales strategy.  Vision One has been involved with the sale of numerous practices and is familiar with and supportive of the sale process.

• Have your financial statements previewed by Vision One Lenders
• If there is a need to locate buyers, negotiate terms or prepare your practice for sale, Vision One 
  may be able to help.  Contact us for more information. 
• Favorable financing is available for first time practice buyers

Associates (the exit strategy)

To maintain or increase practice revenue, net income and value, many practice owners will utilize the services of an Associate O.D.  Often this is part of an eventual exit plan.  Many solo practitioners feel they cannot afford to bring in an associate.  Through Vision Loans (co-developed with VSP), favorable financing is available to fund the cost of bringing in a new associate. 

• Funds may be used for
  • Associate compensation
  • Development and execution of a business plan
• Deferred payments available 
• No prepayment penalties
• Contact us for terms