The Practice Owner’s Financial Overview: A Comprehensive Percentage Breakdown Guide of COGS, Operating Expenses, & Net

KEY POINTS: (1) Cost of Goods Sold (COGS) typically ranges from 26% to 32% of gross revenue, varying by practice focus (retail vs. medical). (2) Operating Expenses often break down into: Staff (18–24%), OD Payroll (14–20%), Occupancy (5–8%), and Marketing (1–2%). (3) Net Income falling within 27–35% of gross revenue indicates solid profitability and efficient…

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Methods of Valuing an Optometry Private Practice: A Comprehensive Guide

Valuing an optometry private practice is essential for many purposes, whether it be the sale or purchase of a practice, partnership buy-ins, securing loans, or planning for retirement. Ultimately a practice sells for a price that both the buyer and seller deem to be equally fair. However, there needs to be a starting point. Determining a fair value requires a detailed understanding of the business’s financials, market conditions, and intangible assets. Here, we explore several commonly used methods for valuing an optometry private practice, each with its unique considerations.

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Optometrist 📊 Income Report 2025 | Largest Sample Size 2,203+ ODs

We’re thrilled to share our largest Optometry Income & Salary Survey yet—2,203 doctors provided insights on key factors like student loan ROI for students, fair compensation, and the true impact of annual income on our profession. This year, we normalized earnings by days worked to give a clearer picture of each OD’s real income potential. What You’ll…

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Annual Report 2024: In Review, and a Look at 2025!

Overview Dear ODoF Community! Can you believe it’s already one month into 2025?  First, we would like to acknowledge that annual reports normally go out at the beginning of the year, however with so many moving parts and exciting projects we had to delay this a bit – our apologies in advance! In 2024, we…

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16 End-of-Year Financial Checklist For Optometrists in 2024

As 2023 draws to a close, it’s vital for optometrists to focus on financial planning for a stable and prosperous future. This checklist, designed for eye care professionals, will guide you through key year-end financial tasks. While not every item may apply to your practice or personal finances, reviewing each one ensures you don’t miss important opportunities or obligations.

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2024 Optometrist Income Report

With increasing student loan debts, an ever changing economy, and a profession that continues to withstand disruption – many optometrists begin to question their associated worth as practitioners.  While the old phrase “comparison is the thief of joy” rings true in certain facets, comparison to get a true sense of trends in salary, debt load…

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How To Achieve Over 90% Capture Rate With Retina Widefield Script

As practitioners, we understand the importance of retinal imaging, and we need to be able to clearly explain that value to our patients. I’ve found that communication is key with patients — before, during, and after their appointments. This helps to eliminate any questions, and it ensures that they’re not only on board with the…

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Creative Approaches To Acquire An Optometric Practice

Approaching the acquisition of your first practice with a little creativity may open up additional opportunities for acquisition at a more reasonable cost of investment. We are all used to the approach of identifying a practice for sale and buying it. Gone are the days when banks easily lent money, that borrowed cash was affordable, and the price of practices for sale was attainable to a new solo practice optometrist

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Cold Start Accelerator Checklist

Click Here To Download CheckList   This comprehensive checklist is a fantastic resource for optometrists looking to start their practice from scratch. It covers a wide range of topics, from location and financing to equipment and marketing. By following this guide, optometrists can ensure they have all the necessary tools and resources to launch a…

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