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Updated RecentlyThe Dentist's Choice vs My Eyelab Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of The Dentist's Choice vs My Eyelab including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $55,400 - $59,500 | $407,477 - $585,543 |
| Franchise Fee | $45,000 | $34,900 |
| Royalty Fee | 5-3% | 4% |
| Advertising Fee | - | 8% |
| Year Founded | 1992 | 2015 |
| Year Franchised | 1994 | 2015 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | $1.5K | - |
Business Experience Requirements |
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| Experience | - | |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/No | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | Classroom Training: 40 hours | My Eyelab provides an initial training program that covers material aspects of the operation of the My Eyelab store. This training is conducted whenever a new franchise is projected to open. This initial training is in addition to the on-site opening assistance. My Eyelab will not require training or certifications in addition to the initial training. My Eyelab will, however, provide additional, optional training on occasion. Up to four employees may attend the initial training program as part of the initial franchise fee. Daniel Stanton will oversee the training program. Mr. Stanton has thirteen (13) years of experience in this business. The My Eyelab training program is not routinely scheduled, but will be provided as needed. The initial training will occur at the corporate office in Palm Springs, Florida, or at one of our other South Florida affiliate stores. The initial training program must be completed to My Eyelab satisfaction prior to store opening. |
| Support | Newsletter Meetings/Conventions Online Support Field Operations | - |
| Marketing | Website development | - |
| Operations |
Franchise can be run from home. 10% of all franchisees own more than one unit
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | Yes | - |
| International Expansion | Yes | - |
Company Overviews
About The Dentist's Choice
The Dentist's Choice is the industry’s leading network of locally-owned dental handpiece repair businesses serving dentists throughout the United States and Canada. For nearly two decades, The Dentist's Choice has developed a reputation among dental professionals for providing quality repairs at an affordable price. Our highly-trained repair specialists are committed to providing the high level of customer service and satisfaction that our clients have come to expect from us.
About My Eyelab
Founded in 2013, My Eyelab is one of the fastest
growing full-service teleconsulting and retail optical centers in the
nation. With the mission to provide quality eyeglasses and expert eye
care services, My Eyelab has become a leader in the eye health industry
by developing an accessible alternative to over-priced eye care
services.
My Eyelab utilizes teleconsulting to enhance efficiency for patients and
optometrists. This technology eliminates the need for an on-site
laboratory, thereby significantly reducing startup and operational costs
for franchisees.
My Eyelab has been consistently ranked by Vision Monday as along the largest retailers in the United States, most recently as the 18th largest optical retailer in the U.S.
My Eyelab is one of the fastest growing full-service teleconsulting and
retail optical centers in the nation. With the mission to provide
quality eyeglasses and expert eye care services, My Eyelab has become a
leader in the eye health industry by developing an accessible
alternative to over-priced eye care services.
The total investment necessary to begin operation of a single My
Eyelab® franchise ranges from $407,477 to $585,543. This includes
$221,027 - $271,393 that must be paid to the franchisor or their
affiliates for an initial franchise fee and for signage, furniture,
fixtures, and equipment.
If you enter into an Area Development Agreement
to develop multiple units, your initial investment will range from
$407,477 to $585,543 for each franchise unit that you commit to opening.
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#343 in Franchise 500 for 2020.