{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Optometrists Building Empires","title":"What Your Practice Is Actually Worth: EBITDA, the 50% Rule, and the 25% Benchmark","html":"","width":"100%","height":180,"duration":629,"description":"EBITDA explained: earnings before interest, taxes, depreciation, and amortization, and why it isn't the same as cash flow\nCash vs. accrual P&Ls and how each changes the way you read your monthly numbers\nThe 50% benchmark: cost of goods plus non-doctor payroll, including payroll taxes, at or below half of revenue\nUnder 80% schedule fill points to a volume problem; at a full schedule, look at collections, per-patient average, staffing, and vendor contracts\nA strong practice lands around 25% all-in doctor take-home, roughly the efficiency private equity operates at\nBuyers typically look at a three-year P&L runway; a growing practice can earn a 5 to 7x multiple versus 3 to 4x for a flat or declining one\nRule of thumb: average your last three years of EBITDA, then multiply by 4 on the low end and 6 to 7 on the high end\nJoin the next iCareGrow event at iCareGrow.com; book a meeting with Ankit for a free copy of Optometry Redefined at meetings.hubspot.com/ankit98/optometry-redefined; connect at linkedin.com/in/ankitpatelcvc and mybcat.com","thumbnail_url":"https://img.transistorcdn.com/YL2_iApAQKMNenVMuJU6VxjEqr2JuXxMbz-e8njM13g/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS83N2Jh/YWIyNmE5MGNiZTA3/YTRhZDQ2Nzc2OTUw/YzQyOS5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}