Optometrist Dr. Gary Smith, staff retire together - Rome News Tribune

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Optometrist Dr. Gary Smith, staff retire together [SIZE=-1]Rome News Tribune[/SIZE] [SIZE=-1]Dr. Gary Smith (right) and his entire staff retired June 1. Genie Stripling (from left), Carol Mathis, Charlotte Jones and Smith are currently working to clean out their office in the Ansley Park medical complex off North Fifth Avenue. (Doug Walker / RN-T.com) ...[/SIZE] [SIZE=-1][/SIZE] [SIZE=-1]http://news.google.com/news/more?ncl=dx9QnxvVqozm2wM&ned=us[/SIZE]

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[Ken Elder]

Optometrist Dr. Gary Smith, staff retire together [SIZE=-1]Rome News Tribune[/SIZE] [SIZE=-1]Dr. Gary Smith (right) and his entire staff retired June 1. Genie Stripling (from left), Carol Mathis, Charlotte Jones and Smith are currently working to clean out their office in the Ansley Park medical complex off North Fifth Avenue. (Doug Walker / RN-T.com) ...[/SIZE]

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Sad that he couldn't sell the practice.

 

[Lloyd Pate]

Sad that he couldn't sell the practice.

Years ago, I tried to buy a practice. The doc would not come to a realistic price where I could pay the note and eat. No one ever bought it at the asking price, and he just closed it instead of taking a lower price.

 

[Ken Elder]

Years ago, I tried to buy a practice. The doc would not come to a realistic price where I could pay the note and eat. No one ever bought it at the asking price, and he just closed it instead of taking a lower price.

I have played that games many times, probably around a dozen times. I've vented on here for years about that problem. This is a very common issue in optometry but it still makes no sense to me......

If a practice is worth $300,000 and the unrealistic seller wants $500,000 but is getting no takers, at what point does he say "well, I'm not getting the half mil I want so guess I'll just shut it down and sell the equipment for $12,000?"

It makes no sense. Are ODs that stubborn? Are they that stupid? Even if you have to end up selling it a deep deep discount, at least sell it for SOMETHING.

 

[Lloyd Pate]

I have played that games many times, probably around a dozen times. I've vented on here for years about that problem. This is a very common issue in optometry but it still makes no sense to me......

If a practice is worth $300,000 and the unrealistic seller wants $500,000 but is getting no takers, at what point does he say "well, I'm not getting the half mil I want so guess I'll just shut it down and sell the equipment for $12,000?"

It makes no sense. Are ODs that stubborn? Are they that stupid? Even if you have to end up selling it a deep deep discount, at least sell it for SOMETHING.

It has happened 3 times with me. What a waste for everyone.

 

[Alan David]

Agree with some of the previous posts, but I didn't read anywhere about him just shuttering the practice because it wouldn't sell.

Possible that he sold his charts/inventory and transferred care to a local OD who bought him out, just not the location (often the smartest move for buyer & seller)