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Below is an in-depth analysis and side-by-side comparison of Macy's Vision Express vs ANY LAB TEST NOW including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $350,000 - $685,000 | $133,600 - $214,600 |
Franchise Fee | $15,000 | $40,000 |
Royalty Fee | 7% | 8% |
Advertising Fee | - | - |
Year Founded | 1996 | 1992 |
Year Franchised | 2002 | 2007 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | - | - |
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/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/Yes | -/- |
Payroll | No/Yes | -/- |
Training & Support |
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Training | Monthly support | Classroom Training: 40 hours |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
Marketing | Co-op advertising, Ad slicks, Regional advertising | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
Operations |
75% of all franchisees own more than one unit Number of employees needed to run franchised unit: 8 - 15
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | Number of Employees Required to Run: 2 |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | No | - |
International Expansion | No | - |
NO LONGER FRANCHISING
ANY LAB TEST NOW gives consumers the power to be informed about their health in a safe, clean, friendly retail environment.
* No Appointment Necessary
* No Doctor's Order Required
* 6 Days a Week
* 24-hour results
* 100's of Tests Available
The Right Company At The Right Time.
The landscape of Healthcare in America is rapidly shifting. Thanks to direct-to-consumer pharmaceutical advertising and websites like webMD, today's consumers are more informed than ever before.
They don't just want information - they're demanding it.