My Eyelab
#343 Franchise 500| Eye care and eyewear

About
Founded

2006

Franchising Since

2016 (4 Years)

Corporate Address

3801 S. Congress Ave.
Palm Springs, FL 33461

Leadership

Daniel Stanton, Founder and CEO

Parent Company

Vision Precision Holdings

Financial Requirements
Initial Investment

$407,477 - $585,543

Net-worth Requirement

$500,000

Liquid Cash Requirement

$200,000

Ongoing Fees
Initial Franchise Fee

$34,900 - $34,900

Ongoing Royalty Fee

4%

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

Veteran Incentives

10% off franchise fee

Support Options
Ongoing Support

Purchasing Co-ops

Newsletter

Meetings/Conventions

Toll-Free Line

Grand Opening

Online Support

Security/Safety Procedures

Field Operations

Site Selection

Proprietary Software

Franchisee Intranet Platform

Marketing Support

Co-op Advertising

Ad Templates

National Media

Regional Advertising

Social media

SEO

Website development

Email marketing

Loyalty program/app

On-The-Job Training:

131 hours

Classroom Training:

24.5 hours

Absentee Ownership Allowed
Number of Employees Required to Run:

1

My Eyelab is ranked #343 in the Franchise 500!
Cost
Initial Investment: Low - $407,477 High - $585,543
Units
+86.1%+31 UNITS (1 Year) +458.3%+55 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units worldwide.

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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: June 4th, 2020