Whether its planning for retirement, partnership changes, dealing with divorce, probate or whatever else life throws at you, there are many situations where it is useful to know the current value of your Boots Opticians franchise - you don't have to be preparing to sell.
Myers La Roche are able to provide a confidential valuation report using our tried and tested valuation model, without ever having to visit your premises.
To carry out a valuation the following information will normally be required:
- The latest available 3 years full published accounts
- Any additional up to date management figures that are available for more recent trading months
- A completed copy of our Boots Opticians valuation questionnaire (which captures details of staffing, security of tenure, equipment schedules etc.)
- Where not included in the core franchise accounts, we will require details of contact lens commissions administered and paid directly from Boots central CL distribution centre. * This depends upon the accounting methodologies utilized by the franchisee’s accountants and tends to arise most often where a franchisee owns multiple Boots Opticians branches.
- Due to the historic merger with Dollond and Aitchison (D&A) by Alliance Boots back in 2009 we still occasionally come across Boots Opticians Brand Partner agreements as well as Boots Opticians Franchise agreements. We will therefore need to review a copy of the partner's current franchise/JV agreement
- Digital photographs/and or a walk-through video of the practice to allow an assessment of the quality/wear and tear of the current shop fit.
We will NOT require a site visit to complete our valuation assessment report
Timescales and Process
Boots Opticians valuations are typically delivered within 20 working days of receipt of the requested information, although when required, subject to our workload, it may be possible to expedite this time frame on request.
As we build our valuation model, we may need to ask you to clarify any queries arising (in some instances you may need to refer more technical questions to your accountant or to a member of the support team at Boots headquarters in Nottingham.) However, we do fully appreciate that confidentiality may be required and will therefore always seek approval from our franchisee/brand partner client before contacting any other party during the course of our work.
Read more about different kinds of Optical Practice Valuations in our comprehensive guide
If you're ready to find out more then please contact our Consultancy team on 0161 929 8389 or email us
More insights for you
Take a read below for further industry insights written by our Myers La Roche team:
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The 5 megatrends set to shape the future of the independent optics and how to harness them in your practice
Megatrends are forces that are reshaping the optical business landscape and the future prospects of independent practice owners in significant ways.
Megatrend One: Significant Inflation in practice values
The transfer value of strong, profitable practices is set to rocket over the long-term.
Megatrend Two: "Islandification" and Trading Location Evolution
Trading conditions and commercial terms for leases on high streets will continue to evolve, bringing both threats and opportunities to optical businesses.
Megatrend Three: Increasingly differentiated operating models in the independent sector
Privatisation & Shared Care will continue to shake up the standard operating model for independents.
Megatrend Four: Improving ease of ownership and operational experience
It will become easier and a more enjoyable experience to run your practice.
Megatrend Five: Suppliers are Not Necessarily The Best Advisors When Selling Your Business
This megatrend trend could adversely affect your personal wealth unless you get informed on the facts and take appropriate action.
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This International Women’s Day we want to encourage more female Optometrists and Opticians to take the first step towards owning their own practice
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Recruitment and Retention of high-quality staff is the single biggest issue facing the optical industry in the UK and Ireland today. Our Salary Survey is a chance for your voice to be heard on this key issue
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Starting your own business is one of the most rewarding and challenging things you can do, particularly in independent optics where you are likely to be the clinician as well as the business owner.
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Get in Touch
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