|
|
 |
Ophthalmic/Optometric
Practice
Appraisals
Information Required for Appraisal
1. Estimated Income
for Current Year.
2. Copies of last three
years P&L (Profit & Loss) Statements (also
known as Year-End Statements).
3. Copy of last year’s
Business Tax Filings. If there is no corporation or
partnership, this will be the doctor’s personal
tax filing.
4. Current inventory
dollar amount for both eyewear and uncut lenses (if
applicable).
5. Current inventory
dollar amount for both contact lenses and CL solutions.
6. Miscellaneous inventory
amount, i.e., glass cases, supplies, etc.
7. Equipment appraisal
from someone like Walman Optical, Duffens, Lombard,
etc.
8. Approximate number
of active patient records (three to five years and
three years or less).
9. Copy of practice
rent/lease agreement (if applicable).
10. Short history of
practice by the doctor.
11. Demographic summary
of the community in which the practice is located;
i.e., population, population draw, overall economic
climate, mean wage, etc.
12. Photo-a-rama of
practice showing inside and outside areas of practice
(may be in 35mm or video).
NOTE: Three accounting
methods are used for the appraisal:
1. Gross Income Method
2. Asset and Net Income Method
3. Comparable Fair Market Method (when possible)
The results of these
three methods are averaged; and, this average becomes
the fair market value.
|
|
|
