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My Eyelab

My Eyelab is a leading optical franchise dedicated […]

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Franchise Costs and Requirements

Franchise Details

Year Established: 2006
Category Locations: N/A
Available Ownership Type: N/A
Corporate HQ City:
Corporate HQ State:
Investment Range: $299,858
Canada Franchising: Yes
Latin America Franchising: Yes
India Franchising: Yes
Royalty Percentage: 4%%
Veteran Discount: Yes
E2/EB5 Visas: Yes
Master Franchise Opportunities: Yes

Background

Affordable Eye Care with My Eyelab: A Franchise Opportunity

My Eyelab is a leading optical franchise dedicated to providing accessible and affordable eye care services. They are known for their use of cutting-edge technology to keep costs down while maintaining high-quality care.

My Eyelab's Journey: From One Store to Nationwide Expansion

My Eyelab started with a single location in 2006. A decade later, in 2016, they began franchising, allowing others to open their own My Eyelab stores. Around the same time, they introduced a convenient telehealth option, allowing customers to schedule eye appointments online. Of course, walk-in appointments for eye exams and frame fittings are still available.

My Eyelab stores offer a wide selection of frames, including designer brands and unique styles. Each pair of lenses is carefully cut in-store and undergoes a thorough quality check before being sent home with the customer. Today, there are over 50 My Eyelab franchise locations across the United States, alongside more than 30 corporate-owned stores. My Eyelab is actively seeking to expand its reach even further.

Why Choose a My Eyelab Franchise?

My Eyelab operates with a strong set of ethics called ICARE, standing for integrity, collaboration, accountability, respect, and empowerment. They are looking for franchisees who share these values and can build strong relationships with customers.

You don't need a background in eyecare to become a My Eyelab franchisee. The opportunity is open to individuals from all walks of life. However, those with experience in healthcare, optometry, or customer service may find it particularly rewarding. Additionally, investors looking to grow their portfolio might find a My Eyelab franchise to be a good fit.

My Eyelab has consistently been ranked in Entrepreneur's Franchise 500, a prestigious list of top franchise opportunities. This recognition is based on a comprehensive evaluation of factors like franchise fees, business growth, support for franchisees, brand strength, and financial stability.

What Makes My Eyelab a Great Franchise Choice?

My Eyelab's combination of telehealth services and same-day appointments makes them both affordable and convenient for customers. As a franchisee, you'll play a key role in providing high-quality eye exams, including screenings for eye health issues, assisting customers with frame selection, and managing the day-to-day operations of your store. My Eyelab allows for both single and multi-unit ownership, giving you flexibility in building your business.

Financial Considerations for a My Eyelab Franchise

To become part of the My Eyelab team, you will need to be prepared for an initial investment that includes a franchise fee and other startup costs. You will also need to budget for ongoing fees, such as advertising, royalties, and potential renewal fees. My Eyelab also has net worth and liquid capital requirements that franchisees need to meet.

The My Eyelab Franchise Process

My Eyelab simplifies the franchise process by providing comprehensive training for franchisees. Corporate will guide you on everything from using equipment to conducting eye exams and following the company's business model.

Taking the Next Steps

When considering a My Eyelab franchise, it's essential to thoroughly research the brand and assess its potential in your local area. Consider the level of competition in your community to determine if a My Eyelab franchise would thrive.

After completing the initial application process, you'll have the opportunity to have a phone call with the company and attend a discovery day. Be sure to prepare a list of questions to ask to ensure you have a full understanding of the opportunity.

Support & Training offered by My Eyelab

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Additional Information

Category Location N/A
Number of Units Open 157 (as of 2022)
Investment Range $299,858 - $601,197
Master Franchise N/A
Home based franchise YES
Item 19 Franchise YES
Veteran Discount YES
Franchise Opportunities in Canada YES
International Franchise Opportunities
E2/EB5 Visa Franchise YES
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