The Optical Company (TOC) has announced that its Time for a Change campaign, launched in 2019, will continue into 2020.
The campaign invites optometry/optical businesses to sell into TOC, on what TOC describes as “attractive terms”, providing a potential solution for independent optometry/optical business owners looking to exit the market now or in the future.
The Time for a Change campaign has initiated some great conversations this year and has reassured us that our approach to respectfully consider each seller’s circumstance is welcome in the industry
“TOC appreciates that many practices may be considering the changes needed in the year ahead,” said Aaron Kangisser, Head of Commercial and Strategy at The Optical Company. “With the numerous challenges facing the market, including continued margin pressures and evolving marketing channels, it’s only natural that some business owners are feeling the stress that comes with owning a business, maintaining its profitability and identifying an ultimate exit.”
Mr Kangisser said TOC acquisitions are based on individual business owners’ requirements rather than on a single solution.
“The Time for a Change campaign has initiated some great conversations this year and has reassured us that our approach to respectfully consider each seller’s circumstance is welcome in the industry. Much like eyewear, it’s not a one size fits all approach to acquisitions. We look forward to continuing discussions into 2020 as we consider seller’s priorities and work out a deal that suits both parties,” said Mr Kangisser.
TOC was established in 2006 and owns stores nationally that include nib Eye Care, Kevin Paisley Optometrists, Optical Warehouse and Stacey & Stacey Optometrists.
Mr Kangisser said TOC is proud of its industry leader status and being known as a strong performer with solid partnerships across the market, thanks to skilled store teams and an experienced support management structure.
“Our business model ensures that retail brands have a strong independent value proposition. Product design and quality is vital as is an optometry led focus, ensuring full-scope credible optometry using the latest equipment in stores,” Mr Kangisser concluded.
Aaron Kangisser can be contacted at firstname.lastname@example.org