| ||||
Updated RecentlyMacy's Vision Express vs Vision Source Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Macy's Vision Express vs Vision Source including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $350,000 - $685,000 | $500 - $33,300 |
| Franchise Fee | $15,000 | N/A |
| Royalty Fee | 7% | - |
| Advertising Fee | - | - |
| Year Founded | 1996 | 2003 |
| Year Franchised | 2002 | 2003 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | - | - |
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 | No/Yes | -/- |
| Receivables | No/Yes | -/- |
| Payroll | No/Yes | -/- |
Training & Support |
||
| Training | Monthly support | - |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | - |
| 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) | - |
Expansion Plans |
||
| US Expansion | Yes | Yes |
| Canada Expansion | No | - |
| International Expansion | No | - |
Company Overviews
About Macy's Vision Express
NO LONGER FRANCHISING
About Vision Source
!["Vision]("https://fddexchange.com/wp-content/uploads/2019/03/Vision-Source-300x70.png")
Founded in 1991, Vision Source® is a family of over 3,200 locally owned
practices and more than 4,600 doctors collaborating to provide quality
professional eye care and to support the long-term success of
independent optometry. Vision Source clinicians treat an estimated 16
million patients every year.
The total investment necessary to begin operation of a new Vision Source® office ranges from $85,000 to $333,300. The total investment
necessary to convert an existing optometry office to operation under a Vision Source® franchise agreement ranges from $500 to $35,200. None of
these amounts must be paid to the franchisor. If you elect, in your sole
discretion, to purchase products from an affiliate of franchisor, the
purchase price for those products will be paid to the affiliate of
franchisor.