There are certain times when you want to know the value of your Specsavers Franchise, and having an experienced, independent expert in your corner can help you face them with confidence. Myers La Roche have developed a comprehensive valuation model, helping you maintain confidentiality as we do not even have to visit your franchise.
To carry out a Specsavers practice 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 Specsavers franchise valuation questionnaire (which captures details of staffing, security of tenure, equipment schedules etc.)
- 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
Specsavers valuations are typically delivered within 20 working days of receipt of the required information, although subject to our workload, it may be possible to expedite this time frame when circumstances genuinely require a faster turn-around for our clients.
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 in Guernsey - however, we will endeavour to make the process as easy and trouble free as possible.
If you want to know more about how Optical Practices of all types are valued, please refer to our Optical Practice Valuation Guide
If you're ready for a confidential conversation about valuing your franchise please call 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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An optical business valuation is the process of determining the fair market value of your practice and there are many reasons why a valuation may be necessary. As a meticulous analysis of the various factors that contribute to your practice's overall worth, an optical practice valuation is best conducted by specialists rather than a general accountant.
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How and when to sell your optical practice is one of the biggest decisions you will ever make and, with the Optical industry undergoing a period of consolidation, most independent practice owners will be approached by a potential buyer at some point. In our comprehensive guide, Dom Watson of Myers La Roche profiles the types of buyer you may meet and strategies to help you exit your business on your own terms
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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.
International Womens Day 2024
This International Women’s Day we want to encourage more female Optometrists and Opticians to take the first step towards owning their own practice
Optical Insights Salary Survey 2024
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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Here at Myers La Roche, we talk daily about value. Not surprising, given that we value over 100 independent optical businesses every year.
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Get in Touch
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