With a steadily growing customer base, the optical retail industry generated revenues of more than $36 billion in the United States in 2020. As people age, regular eye exams and corrective lenses are key to maintaining vision, overall health, and independence. At the same time, the even larger millennial generation will provide a massive new base of patients for vision care providers. Over the past two decades, more employers have begun offering vision coverage for adults. Coverage has encouraged more adults to take advantage of eye exams, and has helped more adults receive the vision care they need.  

Why do optometry practice owners choose Sunbelt?

While much of our success can be attributed to the highly experienced and knowledgeable business intermediaries stationed across the 140+ offices throughout the United States, Sunbelt Franchise Resales (SFR) has partnered with Pearle Vision who has named Sunbelt Business Brokers as the "preferred resales broker" for their brand. Through this partnership, SFR and Sunbelt have become very familiar with the business model and type of buyer this business attracts. As a result, our offices have become experts in how to effectively market and produce the best price and terms for the sellers they represent.

As of the conclusion of Third Quarter 2022, the marketplace remains an advantageous place for business owners to transition their business. Since 2020, the buyer pool for businesses has increased dramatically due to historically low interest rates, high unemployment and low job satisfaction. However, there have been some early indicators signaling a shift in the marketplace. With rapid rates of inflation and interest rates spiking beyond even pre-pandemic levels, the buyer pool is projected to level off as many of the incentives to purchase an existing business disappear. Seller Financing has emerged as an alternative to traditional bank financing and remains an attractive selling point for buyers.

If you are an owner contemplating the sale of your business, it's never been more critical and beneficial to consult with someone who understands the marketplace, the selling process and how to appropriately value and market your business in order to maximize value.

Ready to explore selling your business? Contact us today for a free/no-obligation discussion and complimentary value range analysis!