|
Below is an in-depth analysis and side-by-side comparison of Pearle Vision vs Medstock including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $77,695 - $644,264 | $54,450 - $67,450 |
Franchise Fee | $30,000 | $20,000 |
Royalty Fee | 7% | 5% |
Advertising Fee | 8% | - |
Year Founded | 1961 | - |
Year Franchised | 1980 | - |
Term Of Agreement | 10 years (co-terminus w/lease) | 10 years |
Term Of Agreement | 10 years (co-terminus w/lease) | 10 years |
Renewal Fee | $2.5K | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | Yes/No | -/- |
Receivables | No/Yes | -/- |
Payroll | No/Yes | -/- |
Training & Support |
||
Training | On-The-Job Training: 86 hours Classroom Training: 32 hours Additional Training: Webinars | - |
Support | Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | - |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | - |
Operations |
55% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is NOT allowed. (97% of current franchisees are owner/operators)
| - |
Expansion Plans |
||
US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | No | - |
If you're looking for a franchise with a high earning potential and a great quality of life, Medstock is 'just what the doctor ordered'. As a Medstock franchisee, most of your sales will start in the field. Instead of spending a lot of marketing dollars and waiting for customers to come to you, you'll go to them. This active sales approach sets us apart from our competition and lets our clients know that we care about them. Once a relationship with a client has been established, they can conveniently place and track orders with you through the Medstock Web site. The site features advanced fulfillment, customer management and accounting systems, and generates new business by having priority listings with the top search engines. Best of all, these on-line leads are sorted by zip code so you automatically get all the business within your territory.