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My Eyelab

Our intelligent, technology-based approach to eye care, and our dedication to exceptional customer service and to continuous innovation, makes our optical business model unlike any other. With the systems that we've developed, the tools that only My Eyelab can offer, and the supplier relationships we've forged over the years, we offer an unprecedented growth opportunity for eyewear professionals and business owners who join us.

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My Eyelab

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My Eyelab Franchise Cost and Requirements for 2022

Background

As a My Eyelab eyeglass franchise owner, you'll leverage a profitable, state-of-the-art business model providing a customer experience like no other.

The My Eyelab model is designed based on convenience and affordability for our customers, as well as our franchise owners. Initial startup costs for a My Eyelab business are low compared to other traditional optical shops and other types of franchise opportunities.

How are we able to streamline the process and our prices? My Eyelab utilizes state-of-the-art telehealth technology like digital eye exams that don't require intensive equipment or labor to operate. This is a major benefit to our customers and franchisees alike, which is why we've already performed over 600,000 digital eye exams nationwide!

Company Details

Established: 2013
First Unit Franchised: 2017
Franchised Units: 90
Company Owned Units: 68
States Registered In: Non Registration States - Not available in CA
Canada Franchises: No
International Franchises: No

Support and Training Offered By My Eyelab

Financial Assistance Provided: Yes
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Recruiting Assistance: Yes
Co-Operative Advertising: Yes
Training:
Initial Training:

  • 2 weeks at certified training store (Dallas or Miami)
  • 1 weeks in-store

Ongoing:

  • Online Training Portal
  • Franchise Support Hotline
  • Regional P&L Coaches
  • Regional Operations Advisors
  • Webinars, Boot-camps, Workshops, Training calls, On-Site training and development
  • Other Info: No Medical Experience Required

2022 Franchise Requirements Needed to Own a My Eyelab Franchise.

What does a My Eyelab Franchise Cost?

My Eyelab franchise fees for 2022:

Cash Investment: $200,000
Total Investment: $450,000-$550,000
Minimum Net Worth: $500,000
Franchise Fee: $34,900
Royalty: 4%
Ad: 8%
Average Number of Employees: 5-7
Item 19: Yes
Visa Candidates: Yes
Passive Ownership: Yes
Home Based: No
B2B: No
Master Franchise Opportunities: No
Veteran Discount: Yes, 10% off franchise fee ($3,490)

Is My Eyelab a Semi Absentee Franchise with a Passive Ownership Opportunity?

Yes. My Eyelab is a semi absentee franchise and allows passive ownership. A semi-absentee franchise is a business you could start and run while still maintaining a job or other obligation.

Is My Eyelab a Home Based franchise?

No. My Eyelab is not a home based franchise opportunity.

What Do My Eyelab Franchise Owners Make?

Click here to find out how much My Eyelab franchisees make. My Eyelab offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.

Is My Eyelab a Master Franchise Opportunity?

No. My Eyelab is not a master franchise opportunity.

Does My Eyelab Offer a Veteran Discount?

Yes. My Eyelab franchise does offer a veteran discount.

Does My Eyelab Work with E2 Visa and EB-5 Visa Candidates?

Yes. My Eyelab franchise does work with E2 Visa and EB-5 Visa candidates.

Is My Eyelab Looking for Franchisees in Canada?

No. My Eyelab franchise is not looking for Canada franchisees.

Is My Eyelab Looking for International franchisees?

No. My Eyelab franchise is not looking for International franchisees.

Additional Information

Additional Categories

Health, Beauty & Nutrition, Retail, Non Food Franchises

Number of Units Open

50-100 UNITS

Cash Required

$100,000 - $250,000

Master Franchise

No

Passive Franchise

Yes

Home Based Franchise

No

Item 19 Franchise

Yes

Veteran Discount

No

B2B

No

Franchise Opportunities in Canada

No

International Franchise Opportunities

No

E2 Visa Franchise

Yes

My Eyelab Franchises for Sale

Click Here to inquire about existing My Eyelab franchises for sale. We may have My Eyelab franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

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The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises. We do not represent all franchises listed here. By clicking on "Request a Consultation," you are agreeing to be contacted by one of our Certified Franchise Consultants to discuss franchise ownership.

About our rankings: The IFPG uses its internal data collected from our membership portal to identify which franchises had the most activity in the past week. This ranking system is not based on franchise sales, franchisee success rates or number of units open. Our ranking system should not be used to make a decision on which franchise to buy it was solely created for internal purposes and for our IFPG Members.

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