About My Eyelab
My Eyelab Is A State-Of-The-Art Optical Lab Franchise. Best Known For Our High-Tech Approach To Keep Costs Low For Customers And Franchisees Alike. Our brand is the fastest growing optical retailer in the country – we’ve already performed over 800,000 telehealth exams using our revolutionary telehealth technology. We have a unique franchise opportunity for qualified investors who are looking to break into a growing retail industry you can easily learn:
-STREAMLINED STARTUP AND OPERATING COSTS FOR OPTIMIZED TOP-LINE REVENUES
-REVOLUTIONARY USE OF OPTICAL TELEHEALTH FOR MAXIMIZED EFFICIENCIES
-FULLY-AUTOMATED ORDERING, PROCESSING, CUSTOMER MANAGEMENT, AND MORE
-SUPPORT FROM EYEWEAR FRANCHISE INDUSTRY EXPERTS WITH OVER 50 YEARS OF EXPERIENCE, AND AN EXISTING AFFILIATE NETWORK OF DOZENS OF RETAIL LOCATIONS
Low Startup And Operating Costs – Including our modest franchise fee, the cost to open a My Eyelab franchise will likely range between $314,877 to $491,227. If you’ve been researching the costs of opening an eyewear franchise, you’ll recognize that this is a competitive figure. Because our franchises rely on optical telehealth, franchisees don’t need to invest in much of the costly equipment that weighs down other eye care business owners. As you’ll read below, we’ve come up with many ways to cut operating costs as well.
The Power Of Technology – Our use of optical telehealth and high-tech automated machinery greatly simplify operations for our franchisees. Our Telehealth eye exams are highly-effective and can detect a number of eye diseases in addition to updating a prescription. The machinery we use is cutting-edge, and we’ve eliminated the need for older, costlier equipment. The result is great service for our clients and cost savings for everyone.
Streamlined Operations – Running any kind of business means that some time will need to be spent on administrative tasks. While necessary, these tasks can be a major drain on your time and resources.
-My Eyelab has worked to develop automated processes for ordering, processing, record-keeping, and more.
-We want it to be simple and cost-effective to run one of our franchises, so we’re always looking for new ways to save you time.
-Many of our franchisees find that our streamlined operations allow them to spend more time growing their business, attending family functions, and on the things that are important to them.
The Power Of Technology – Our use of optical telehealth and high-tech automated machinery greatly simplify operations for our franchisees. Our Telehealth eye exams are highly-effective and can detect a number of eye diseases in addition to updating a prescription. The machinery we use is cutting-edge, and we’ve eliminated the need for older, costlier equipment. The result is great service for our clients and cost savings for everyone.
Comprehensive Support – Perhaps the best part of franchising with My Eyelab is that we’re led by a team with over 50 years of experience in the eye care field. They have a strong understanding of what goes into opening a new store, so they work closely with our franchisees throughout the processes of:
-Finding a location
-Developing and launching grand opening marketing campaigns
-Learning the ropes of the business
… and much more.
Independent business owners often struggle to identify the best practices with which to run their business, but our team already has these answers. With their support, you’ll be able to enjoy the perks of owning your own business in a thriving industry without having to go it alone. Check out our Training and Support page for more information on the resources you can look forward to!
Company Founded
2006
Current Leadership
Daniel Stanton, CEO
Started Franchising
2016 (5 years)
Total Number of Units
86 (as of 2020)
Part-Time / Full-Time
Full Time
How Much Does It Cost To Open A My Eyelab Franchise?
There are several costs associated with opening a My Eyelab franchise. There is typically a franchise fee set by the franchisor, which covers the costs of opening a franchise location. Some other commons fees include equipment fees, marketing fees, licensing fees, insurance, and taxes, to name a few.
Some franchises may have a weekly fee that the franchisee pays for operating a My Eyelab franchise. The weekly fee for opening a My Eyelab franchise is Royalty Fees Are Due On The Wednesday Of Each Week On Gross Sales During Previous Week Ending Saturday.
The full breakdown of these fees can be found in the Financial Disclosure Document (FDD) provided to franchisees by the franchisor. The FDD report will contain additional information such as whether the franchise is renewable (My Eyelab Is Renewable) and does the franchise offer financing support (My Eyelab My Eyelab has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll).
My Eyelab Company Details
Here are some additional details about My Eyelab.
Parent Company | Now Optics |
Initial Investment | $34,900 |
Net Worth Requirement | $500,000 |
Veteran Incentives | 10% off franchise fee |
Royalty Fee | 4% |
Ad Royalty | 8% |
Cash Requirement | $200,000 |
Term of Agreement | 10 years |
Absentee Ownership | No |
Run from Home | No |
Part Time | No |
Training and Support Offered By My Eyelab
My Eyelab offers several support options to its franchisees. With 86 (as of 2020) units, My Eyelab aims to provide support to each franchise owner to help them operate a successful franchise location. My Eyelab offers 131 hours on the job training, 24.5 hours classroom training, and No additional training.
Training and Support Offered
Here are the support options offered by My Eyelab.
On-The-Job Training | 131 hours |
Classroom Training | 24.5 hours |
Additional Training | No |
Ongoing Support |
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Marketing Support |
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Is My Eyelab Right For You?
My Eyelab has gone digital! Here are all of the ways you can find My Eyelab online. Oftentimes, you can reach out to current franchisees of My Eyelab online. Current franchisees may be able to offer personalized insights into what it is like owning a My Eyelab franchise and offer tips to running a successful My Eyelab franchise location.
Why Should You Start a My Eyelab Franchise?
Investing in a Healthcare & Senior Care franchise such as My Eyelab can kickstart your franchise portfolio. Our goal at Why Franchise is to provide you with the resources needed to be a successful franchise owner. Fill out the form below to get more information about My Eyelab franchise and we'll be in touch soon!