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Saturday / December 14.
HomeminewsThe Optical Company Acquiring Practices

The Optical Company Acquiring Practices

The Optical Company (TOC) has launched Time for a Change, a campaign to acquire independent optometry/optical businesses from practice owners wanting to exit now or in the future.

Colin Kangisser, CEO of TOC and a registered optometrist, said acquisitions will be based on business owners’ requirements.

“Each seller’s circumstance is unique and therefore, we do not adopt a one size fits all approach to acquisitions. We consider the seller’s priorities and work out a deal that suits both parties.

“The Optical Company offers a valuation based on store performance, track record and assets. A sales process is then agreed… Importantly, we do not tie valuation to future performance and in the main, offer ongoing association with the business. Ultimate exit is part of the discussion.”

TOC was established in 2006 and currently has 40 corporate owned stores nationally, including nib Eye Care, Kevin Paisley Fashion Eyewear, Optical Warehouse, and Stacey & Stacey Optometrists. The Board is led by Directors from iconic businesses – Rebel Sport, Barbeques Galore, Oporto, Kays Optical, Blink Optical, and Open Colleges.

The business has an optometry led focus – practices are equipped with the latest technology, allied with health funds and locally branded.

“We support stores with fully shared services including operations, marketing, finance, product, business development and human resources. Our national support team is based in Sydney and we have regional offices,” said Mr Kangisser.

Independent businesses are invited to get in touch by emailing change@theopticalco.com.au