Radiance Medspa vs My Eyelab Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Radiance Medspa vs My Eyelab including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Radiance Medspa Franchise
My Eyelab Franchise
Investment $269,300 - $533,300$407,477 - $585,543
Franchise Fee $80,000$34,900
Royalty Fee 4%4%
Advertising Fee -8%
Year Founded 20042015
Year Franchised 20042015
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee 50% of current fee-


Business Experience Requirements
 
Radiance Medspa Franchise
My Eyelab Franchise
Experience --

Financing Options
 
Radiance Medspa Franchise
My Eyelab Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/No-/-
Start-up Costs No/Yes-/-
Equipment No/Yes-/-
Inventory No/Yes-/-
Receivables No/Yes-/-
Payroll No/Yes-/-

Training & Support
 
Radiance Medspa Franchise
My Eyelab Franchise
Training -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 --
Marketing --
Operations --

Expansion Plans
 
Radiance Medspa Franchise
My Eyelab Franchise
US Expansion -Yes
Canada Expansion No-
International Expansion No-

Company Overviews

About Radiance Medspa

NO LONGER FRANCHISING

Radiance Medspa offers a remarkable "All in One" practice for the greater part of your individual needs, to help you feel and look your absolute best with far reaching administrations to upgrade the entire you. We offer redid weight administration projects, and cutting edge, best tasteful medications. We work to present you taking care of business.

Entertain yourself at our dynamic skin and weight administration Medspa to restore your magnificence. Radiance Medspa offers outstanding therapeutic aptitude in an upscale, calming spa-like environment. Our best in class non-surgical appearance upgrade advancements mean our methodology are performed securely, serenely, and adequately.

We at Radiance Medspa trust that wonderful looking skin requires an on-going duty - on our part and also yours. Our lone concentration is on giving you comes about arranged tasteful administrations. Our expert, authorized staff will instruct and acquaint you with best in class improvements and execute clinically-demonstrated non-surgical advancements to meet your objective of sound, dynamic looking skin and body.

All medicines are performed by our gifted and experienced staff of human services experts and clinicians under the supervision of Dr. John V. Belmonte, Jr.

We offer advantageous hours to fit your timetable and spa solaces to restore your faculties, unwind your body, and empower you to love the way you look.



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.

        ""
#343 in Franchise 500 for 2020.
#95 in Franchise 500 for 2021.