My Eyelab Franchise - Eye Care & Eyewear
My Eyelab Franchise Opportunities
My Eyelab franchise deals with retailing of glasses, contact lenses and other optical stuff. The company also specializes in eye care services. Since 2006, when the brand was established, the chain has grown to 38 units. But it still continues offering My Eyelab eye care & eyewear franchises for sale. The brand is also a flagman in eye care telehealth innovative technology which is an affordable and simple business model. As mentioned above, My eyelab eye care & eyewear franchise opportunities are in innovative approach and huge experience. However, a hefty contribution to the success of the business is made by a responsible franchisor and devoted franchisees.
How to open a My Eyelab franchise?
- Ensure you have adequate capitalization.
In order to open the My Eyelab eye care & eyewear franchise, you must have a net worth of $500,000.
- Appreciate the investment required for an eye care & eyewear franchise.
You will need to consider real estate costs, the cost of equipment and signs, the costs of licenses and permits, the cost of uniforms, the cost of insurance, etc.
- Evaluate your prior experience and strengths.
You should thoroughly evaluate your prior business experience before applying to become a My Eyelab eye care & eyewear franchise owner.
- Assess market availability.
You will want to look at the market availability for My Eyelab franchises and see if there are available markets in your location of interest before proceeding with the franchising application.
- Submit your application.
Your application will be reviewed by the My Eyelab franchise team. You will be emailed a confirmation receipt upon reception of your online application, where we will additionally provide the contact details of the franchise owner.
- Receive approval & opening your My Eyelab franchise.
You will receive franchise approval once your financial and background checks are completed. Approval will only be given to candidates who meet all the requirements of franchise owners.
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How much does the My Eyelab franchise cost?
My Eyelab has a franchise fee of up to $34,900, with a total initial investment range of $480,516 to $942,181.
Net-worth Requirement: $500,000
Liquid Cash Requirement: $200,000
My Eyelab Initial Investment
Initial Investment: $314,877 - $491,227.
Initial Franchise Fee: $34,900
Ongoing Royalty Fee: 4%
Ad Royalty Fee: 8%
On-The-Job Training: 131 hours
Classroom Training: 24.5 hours
My Eyelab website: www.myeyelab.com
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Starting investments from:$480,516
- Company foundation year2006
- Year of launching the franchise2006
- Franchise enterprises:38
- Franchisees in USA:38
- Corporate Address:3801 S. Congress Ave. Palm Springs, FL 33461