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Below is an in-depth analysis and side-by-side comparison of Macy's Vision Express vs Lice Clinics of America 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 | $68,000 - $104,500 |
Franchise Fee | $15,000 | $42,000 |
Royalty Fee | 7% | $35/Treatment |
Advertising Fee | - | - |
Year Founded | 1996 | 2006 |
Year Franchised | 2002 | 2013 |
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 | -/Yes |
Start-up Costs | No/Yes | -/Yes |
Equipment | No/Yes | -/Yes |
Inventory | No/Yes | -/Yes |
Receivables | No/Yes | -/Yes |
Payroll | No/Yes | -/Yes |
Training & Support |
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Training | Monthly support | On-The-Job Training: 10 hours Classroom Training: 15 hours Additional Training: Online self-study/certification |
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 Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform |
Marketing | Co-op advertising, Ad slicks, Regional advertising | Co-op Advertising Ad Templates National Media Regional Advertising Social media Website development |
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 - 5 |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | No | - |
International Expansion | No | Yes |
NO LONGER FRANCHISING
When a child comes home with head lice, it’s an urgent issue. Parents are desperate for a fast and effective solution. Until now, those parents have had to rely on ineffective pesticide-based products or home remedies, and hours upon hours of tedious combing. If they miss one nit, the whole process starts all over.
As the owner of a Lice Clinics of America (LCA) clinic, you’ll be there to provide instant relief in a single, 90-minute treatment, using the only FDA-cleared medical device clinically proven to kill live lice and their eggs through dehydration. In doing so, you will give parents peace of mind so they can go back to what’s most important in their life.