Faq’s

Do I need to have a valuation done?
Yes, you do. Can you imagine not knowing the value of what very well may be your largest asset?
Why do I need to know what my practice is worth?

 There are many reasons to have your practice valued, including:

  • Mergers and acquisitions
  • Sales and divestitures
  • Buy/sell agreements
  • Shareholder transactions
  • Capital infusions
  • Employee Stock Ownership Plans (ESOPs)
  • Employee benefit plans
  • Estate planning and taxation
  • Gift taxes
  • Solvency opinions
  • Insolvency opinions
  • Collateral valuations
  • Determination of net operating loss in bankruptcy
  • Determination of liquidation value in bankruptcy
  • Banks—loan applications
  • Eminent domain proceedings
  • Marital dissolution

 

How long does it take to complete a valuation?

Because we specialize in only optometry practice valuations, our systems and processes are extremely efficient. Typical turnaround time is anywhere from 10 to 15 business days.

I had a valuation done by someone else and I would like a second opinion. Is that something you can help with?
Absolutely, OPV is in the business of optometry valuations. We are happy to opine on your valuation.
How much does a valuation cost?

Because no two practices are the same, we are unable to quote a blanket price for all clients. Contact us today for a free quote. Rest assured that upon receipt of your quote request, you will be pleasantly surprised at how affordable a valuation is.

I feel that my practice is in disarray. I’m not sure if a valuation would be worth it. In addition to that, I think I might be embarrassed once someone else sees my numbers. Should I still move forward?
Of course, OPV thinks you should get a valuation done. You cannot grow what you cannot measure. However, if you still have some questions or your just not sure, please allow us an opportunity to answer your questions and discuss your situation.
What does the valuation process look like?

Once you have decided to move forward, your next steps are to fill out the online questionnaire, and send your most recent three years of tax returns as well as a year-to-date profit and loss statement. We’ll be in touch throughout the process, but we do our best to keep it simple on your end.