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

 
American Family Care Franchise
My Eyelab Franchise
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 19822015
Year Franchised 19852015
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
American Family Care Franchise
My Eyelab Franchise
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

 
American Family Care Franchise
My Eyelab Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/Yes-/-
Equipment -/Yes-/-
Inventory -/Yes-/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
American Family Care Franchise
My Eyelab Franchise
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

 
American Family Care Franchise
My Eyelab Franchise
US Expansion YesYes
Canada Expansion --
International Expansion --

Company Overviews

About American Family Care

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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.

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