: Request three years of financial statements , including P&L statements, balance sheets, and tax returns.
: You bypass the "ramp-up" phase, securing income the moment you take over. buying an existing optometry practice
: 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 : Request three years of financial statements ,
: 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 including P&L statements
Before signing a Letter of Intent (LOI) , you must perform "homework" to uncover potential risks and determine a fair price.