American Family Care vs My Eyelab Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of American Family Care vs My Eyelab including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$114,500 - $1,441,500 | $407,477 - $585,543 |
Franchise Fee |
$60,000 | $34,900 |
Royalty Fee |
6% | 4% |
Advertising Fee |
1% | 8% |
Year Founded |
1982 | 2015 |
Year Franchised |
1985 | 2015 |
Term Of Agreement |
- | - |
Term Of Agreement |
- | - |
Renewal Fee |
- | - |
Business Experience Requirements |
Experience |
*A motivated, self-starter
*Totally focused and 100% committed to the business
*A people person
*Communicative – they reach out and ask for advice
*Understands and executes marketing
*Follows the system
*Supportive of other franchisees – team player
*Passion for helping others
*Have family and friends that support their business | - |
Financing Options |
|
In-House/3rd Party | In-House/3rd Party |
Franchise Fees |
-/- | -/- |
Start-up Costs |
-/Yes | -/- |
Equipment |
-/Yes | -/- |
Inventory |
-/Yes | -/- |
Receivables |
-/- | -/- |
Payroll |
-/- | -/- |
Training & Support |
Training |
American Family Care will provide a multi-day detailed training session prior to the time of your opening plus on-site assistance as you initiate operations. There is no additional charge for this training service but you must pay any travel and living expenses while attending the training at our offices.
On-The-Job Training: 86 hours
Classroom Training: 24 hours
Additional Training: At master locations
| 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 |
We will continue to provide ongoing support services to you by phone, email, and periodic on-site visits to your location. We will also provide you with access to our online support website. Plus, we regularly update our operations manual with new procedures and other information designed to improve operations for all franchisees. There is support and training available for your operations, medical, marketing and other personnel.
Purchasing Co-ops
Newsletter
Meetings/Conventions
Grand Opening
Online Support
Security/Safety Procedures
Field Operations
Site Selection
Franchisee Intranet Platform | - |
Marketing |
Co-op Advertising
Ad Templates
National Media
Social media
Loyalty program/app | - |
Operations |
Absentee Ownership Allowed
Number of Employees Required to Run: 8
| - |
Expansion Plans |
US Expansion |
Yes | Yes |
Canada Expansion |
- | - |
International Expansion |
- | - |
Company Overviews
About American Family Care
The first American Family Care Clinic (AFC) was opened in 1982 by D.
Bruce Irwin, M.D. Since then, our model of “putting the patient first”
and providing an alternative, non-emergency room option for urgent care
has made us an industry leader and a patient favorite at our clinics
throughout the country. All AFC centers provide access to primary care,
urgent care, minor emergency treatment, and occupational medicine.The demand for comprehensive and convenient health care services increases
every year.
People want and need access to health care on their terms -
without endless waiting in hospital emergency rooms or staggering bills.
Healthcare franchises have rapidly become a popular alternative to traditional
means of seeking urgent care and primary care medical services. The
United States public health care system is increasingly strained by
factors such as a rapidly aging population, the rising costs of
insurance, and an increasing percentage of the population without
adequate health insurance or convenient access to medical care. Private
healthcare franchises address these issues by creating an affordable and
convenient healthcare option which patients can turn to without an
appointment, a long wait, an unaffordable bill, or a lengthy commute.
The total initial investment necessary to begin operation of a
franchised business (in which you are not converting an existing urgent
care business), ranges from $1,008,000 - $1,441,500. This includes
$190,000 - $210,000 that must be paid to the franchisor or its
affiliates.
If you are converting an existing urgent care facility to be
an American Family Care center that you will manage, the total
initial investment necessary to begin operation of a franchised business
ranges from $114,500 - $480,500. This includes $45,000 that must be
paid to the franchisor or affiliate. If you sign an Area Development
Agreement to develop a certain number of franchised businesses, you must
pay the franchisor a development fee of $60,000 for your first
franchise and a non-refundable deposit of $10,000 for each additional
franchise to be developed. The number of units for an Area Development
Agreement will be negotiated between the parties but will be no less
than 2. The initial franchise fee for subsequent franchises under the
Area Development Agreement is $45,000.
Seeking new franchise units throughout the U.S., Africa, Asia, Australia/New Zealand, Canada, Central America,
Eastern Europe, Middle East, Mexico, Philippines, South America and Western Europe
#82 in Franchise 500 for 2021. Not on Franchise 500 for 2020
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.