Estimate Your
Practice Value
in Minutes
A simple business planning tool designed for independent optometrists.
Estimate Your
Practice Value
in Minutes
Welcome
Welcome to the Practice Value Calculator
“What would my practice be worth if I decided to sell it?”
We’re sure you’ve asked yourself this question at some stage. Whether you're considering selling, planning for retirement, or simply assessing your financial position to make better decisions, having an understanding of your practices' potential value is a great place to start.
Welcome to the Optometry Practice Valuation Calculator - a straightforward tool tailored specifically for practice owners who want to understand what their practice may be worth.
Before progressing, please be aware that there is no exact science to a valuation. Ultimately the market will decide the value, but it is important you have a place to start.
For the best experience, please ensure you are using a desktop or laptop device.
Step 1 of 5
2023 Financials
Using data from your profit and loss statement, input the following values.
Step 2 of 5
2024 Financials
Using data from your profit and loss statement, input the following values.
Step 3 of 5
2025 Financials
Using data from your profit and loss statement, input the following values.
Step 4 of 5
Adjusted Net Profit
Based on your inputs for the last 3 financial years, your adjusted net profit for each year is shown below. These figures (also referred to as 'normalised profit') will be used in the calculation of your practice value at the next step.
When you're ready, click 'Calculate Value' to continue.
2023
$0
2024
$0
2025
$0
Step 5 of 5
Select a Multiplier
Your estimated practice value has now been calculated by applying a market-based 'multiplier' to your adjusted net profit. This estimate excludes stock and any fixtures and equipment that may hold value.
Your starting multiplier is set at a base of 2.5 - you can change this using the slider below, to select one more suited to your practice description.
When to Use 2.5×
- Flat or declining profitability over recent years & an aging database
- Regional or low-demand location with limited buyer interest
- Practice heavily reliant on the current owner for operations and patient relationships
When to Use 3.0×
- Steady performance; consistent results without significant growth
- Fitout and equipment in reasonable condition, though not new
- Some owner reliance, but processes and staff are well-established
When to Use 3.5×
- Turnkey with modern, well-maintained fitout and equipment and business processes
- Consistent year-on-year growth in revenue and profitability
- A strategic handover plan to ensure the staff and patient base are retained for the new owner
Multiplier: 2.5x
Estimated Practice Value
$0
This is an estimate only and there may be additional value to add to this figure in your equipment, fixtures and stock. ProVision is here to provide support, so please make an appointment with us below to discuss your specific circumstances.
This Practice Value Calculator provides general, illustrative estimates only and does not constitute financial, legal, tax, or valuation advice. Results depend on the information you enter and simplified assumptions. For legal, tax or sale purposes, a professionally prepared valuation is essential.
Ready to Start Planning for the Future of Your Practice?
You’ve taken the first step by understanding your practice’s value. Now it’s time to make sure it’s positioned in the best way for the future.
ProVision’s Succession Planning Checklist will help you look at the practical things potential buyers and partners will consider – like growth, staffing, lease security, and fit-out. It helps you identify what’s working well, where gaps may exist, and how to prepare your practice for the best possible outcome – whether that’s bringing on a partner, planning your exit, or maximising value in a future sale.
Click below to access the Succession Planning Checklist.
You’ve taken the first step by understanding your practice’s value. Now it’s time to make sure it’s positioned in the best way for the future.
ProVision’s Succession Planning Checklist will help you look at the practical things potential buyers and partners will consider – like growth, staffing, lease security, and fit-out. It helps you identify what’s working well, where gaps may exist, and how to prepare your practice for the best possible outcome – whether that’s bringing on a partner, planning your exit, or maximising value in a future sale.
Click below to access the Succession Planning Checklist.
Let’s Chat!
Please choose your preferred time to book your confidential chat with Mark, or contact him at business@provision.com.au
For a confidential chat about the future of your practice, book a time with ProVision Business Services Manager Mark Corduff. With over 20 years of retail and commercial experience, Mark regularly guides optometrists through the complex steps of succession planning.
Let’s Chat!
For a confidential chat about the future of your practice, book a time with ProVision Business Services Manager Mark Corduff. With over 20 years of retail and commercial experience, Mark regularly guides optometrists through the complex steps of succession planning.
Please choose your preferred time to book your confidential chat with Mark, or contact him at business@provision.com.au
The Succession Planning Experts
ProVision helps to power 450 independent optometrists turned entrepreneurs, making passion for clinical care a business. ProVision Members have exclusive access to industry-leading succession planning resources, market intelligence and business support services.
The Succession Planning Experts
ProVision helps to power 450 independent optometrists turned entrepreneurs, making passion for clinical care a business. ProVision Members have exclusive access to industry-leading succession planning resources, market intelligence and business support services.
To talk to us about becoming a ProVision Member, click below.
To talk to us about becoming a ProVision Member, click below.
We help make a passion for clinical care a business
Not only have I grown my business, I have also been able to focus on giving my patients the level of care and service that I believe in. For me, this has brought a great deal of job satisfaction.Knowing that I can stay true to my clinical standards and at the same time, feel fully supported in working on my business.
Hanna Kim of Strathfield Eyecare,
NSW – ProVision Member since 2009
ProVision has been influential in assisting me to navigate the complexities of multi-practice
management. They have helped develop the way many things are done across the businesses and guided me to further empower my team.
Leah Meulendijks, Multiple Practice
Owner – ProVision Member since 2014
It’s fantastic to be a part of an organisation run solely for the benefit of its members, and no one else. I truly believe that independent optometry is the best avenue for fulfilling honest patient care, and ProVision champions that.
Somer Toprak of Somer Toprak
Optometrists, VIC – ProVision Member
since 2014
Frequently Asked Questions
Does ProVision see the numbers I enter or my result?
No. The Practice Value Calculator runs entirely in your browser. ProVision cannot see or store any of the figures you enter – they remain private to you.
Is this a formal valuation?
No. It provides an indicative estimate only, based on the figures you enter.
What figures do I need to enter?
Three years of P&L data: total revenue, COGS, expenses, add-backs, and owner salary.
What is ‘adjusted net profit’?
Also referred to as ‘normalised profit’, this demonstrates what a buyer could realistically expect to earn from the practice once it’s running under typical conditions by adjusting income and expenses that are not directly related to the business.
What is an add-back?
A non-recurring or discretionary expense (such as personal car costs or one-off legal fees) that can be added back to reflect true earnings.
What is a multiplier?
A number that’s applied to a business’s adjusted earnings or revenue to determine its goodwill. In this calculator, you can select from 2.0x up to 3.5x, which are typical for the independent optometric industry.
Why do I need to input 3 years of financials?
Three years of financials will provide you, and eventually a partner or buyer, with a clearer understanding of annual changes, trends and ultimately an average goodwill estimate based on your practice performance.
About ProVision
ProVision helps to power 450 independent optometrists turned entrepreneurs, making passion for clinical care a business. From starting-up to selling-up, we are here to make sure you do more than just survive, we’re here to help you thrive. This isn’t a buying group, this is success as a service.
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