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.
“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.” said Aaron Kangisser, TOC’s Head of Commercial and Strategy.
He said TOC acquisitions are based on individual business owners’ requirements rather than on a single solution. “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”.
TOC was established in 2006 and owns stores nationally that include nib Eye Care, Kevin Paisley Optometrists, Optical Warehouse and Stacey & Stacey Optometrists.