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My Eyelab
Eye care and eyewear

About
Founded

2006

Franchising Since

2016 (2 Years)

Corporate Address

3801 S. Congress Ave.
Palm Springs, FL 33461

CEO

Daniel Stanton

Parent Company

Vision Precision Holdings

Financial Requirements
Initial Investment

$248,130 - $495,070

Net-worth Requirement

$500,000

Liquid Cash Requirement

$200,000

Ongoing Fees
Initial Franchise Fee

$24,900 - $24,900

Ongoing Royalty Fee

8%

Ad Royalty Fee

8%

Financing Options

My Eyelab has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Support Options
Ongoing Support

Purchasing Co-ops

Newsletter

Meetings/Conventions

Grand Opening

Security/Safety Procedures

Proprietary Software

Marketing Support

Co-op Advertising

Ad Templates

National Media

Regional Advertising

On-The-Job Training:

131 hours

Classroom Training:

24.5 hours

Absentee Ownership Allowed
Number of Employees Required to Run:

1

Cost
Initial Investment: Low - $248,130 High - $495,070
Units
+36.4%+20 UNITS (1 Year) +82.9%+34 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units worldwide.
Franchise Financing
Using 401(K)/IRA Funds
  • Tax Penalty-Free
  • Debt Free
  • Expert Guidance
Learn More

Franchise Articles

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Long neglected by business schools, franchising is finally gaining a foothold in the world of higher ed. But will students follow?

The 4 Ways Associations Can Help Franchisees

While independent franchisee associations can be viewed as confrontational, when all involved parties get talking, the groups can be a collaborative source of support and education.

A Buzzing Business: How These Entrepreneurs Turned a Longtime Annoyance Into Successful Careers in Pest Control

Mosquito Joe franchisees Kurt and Melissa Godwin share how their second career helped create a better work-life balance for them.

The 5 Attributes of Franchises Growing with Velocity

Some franchise concepts can amplify growth with the right attributes. Learn how to spot them.

How This Franchisor Found Sweet Success With an Ice Cream Experiment

Creamistry's Jay Yim took a crazy experiment in his garage and grew it into a global ice cream brand.

Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.
Updated: September 21st, 2017