Sterling Optical vs My Eyelab Franchise Comparison

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

Start-Up Costs and Fees
 
Sterling Optical Franchise
My Eyelab Franchise
Investment $32,840 - $838,750$407,477 - $585,543
Franchise Fee $20,000$34,900
Royalty Fee -4%
Advertising Fee -8%
Year Founded -2015
Year Franchised -2015
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Sterling Optical Franchise
My Eyelab Franchise
Experience --

Financing Options
 
Sterling Optical Franchise
My Eyelab Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Sterling Optical 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
 
Sterling Optical Franchise
My Eyelab Franchise
US Expansion -Yes
Canada Expansion --
International Expansion --

Company Overviews

About Sterling Optical

If you're looking for a solid business opportunity with a good name, financial security and a bright future, consider joining the Sterling Optical / Site for Sore Eyes Franchise Family. It's not by chance that we are one of America's largest retail optical chains and the fastest growing optical franchise in the industry. Sterling Optical and Site for Sore Eyes provide nationwide support and a range of personalized start-up services including:

 A solid national reputation as a leader in the retail optical business
Special financing programs and relationships with lenders
Dramatic savings through significant company buying power
National and regional cooperative advertising
A comprehensive business operating system
Customer generating activities that build traffic and increase profits
Point of sale customer retention programs
A nationally coordinated training program with a certified in-field training team
Franchise Advisory Committee providing solid franchise support

Existing high volume stores currently available for sale.

The total investment necessary to begin operation of a Sterling Optical franchised business is presently estimated to range from $175,790 to $838,750, if your Franchise relates to a newly built Center; $71,840 to $2,093,750, if your Franchise relates to an existing Center which, at the time you acquire your Franchise, is being operated by either EVI or another Franchisee; and $32,840 to $523,750, if you are converting your existing retail optical store to a Franchised Center.


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.

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