About My Eyelab Franchise
My Eyelab is a unique optical retail store and examination facility franchise operated by M&D Optical Franchise, LLC.
Franchisees operate retail locations that offer eye exams, prescription eyeglasses, contact lenses, and other optical products and services.
The stores serve a broad consumer base seeking affordable, convenient eye care and eyewear, with services including both in-person optometry and tele-consulting where permitted by law.
My Eyelab Franchise Cost & Fees
Minimum Investment
$300K
Average Investment
$451K
Maximum Investment
$601K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $34,900 | One-time payment upon signing |
| Royalty Fee | 4% of weekly Gross Sales of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | Up to 8% of weekly Gross Sales (currently 8%) | National brand fund |
| Total Investment Range | $299,858 – $601,197 | Includes build-out, inventory, working capital |
The investment range of $300K–$601K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (4% of weekly Gross Sales) and marketing fee (Up to 8% of weekly Gross Sales (currently 8%)) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Initial Franchise Fee | $34,900 | $34,900 |
| Travel and Living Expenses for Initial Training | $0 | $2,000 |
| Store Launch Advertising and Marketing | $5,000 | $15,000 |
| Signage, Fixtures, Furniture, Exam Equipment | $116,115 | $164,214 |
| Point of Sale (POS), Computer System, Camera, Music Systems & Wiring | $35,000 | $37,500 |
| Office/Janitorial Supplies | $500 | $1,500 |
| Construction, Project Management, Space Planning, Working Drawings | $50,000 | $230,000 |
| Inventory to Begin Operating | $6,684 | $10,583 |
| Warehouse and Distribution | $19,009 | $40,000 |
| Business Licenses and Permits | $350 | $1,500 |
| Lease Payments | $0 | $19,000 |
| Security Deposits and Utility Payments | $0 | $5,000 |
| Professional Services | $2,000 | $5,000 |
| Insurance (first 3 months) | $300 | $1,000 |
| Additional Funds (Three Months Operating Cash) | $30,000 | $45,000 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | 80% of then-current Initial Fee (outside system); 50% of then-current Initial Fee (to existing franchisee); plus up to $1,500 for transfer costs |
| Renewal Fee | 10% of then-current Initial Franchise Fee |
| Technology Fee | POS Maintenance Fee: Currently $4,300 annually; Computer Systems Support: $10,000-$15,000 |
| Audit Fee | Actual cost of inspection or audit |
| Contact Center Fee | 2% of weekly Gross Sales |
| Cooperative Advertising Programs Fee | Currently None |
| Additional Training or Assistance Fee | Per Operations Manual |
| Convention Fee | Approximately $500 |
| Product and Service Purchases | Varies |
| Warranty | Actual cost |
| Interest | 18% on late payments |
| Maintenance and Refurbishing of Store | Actual expenses |
| Insurance | Actual expenses |
| Insufficient Funds | $100 per NSF check |
| Non-Compliance Fee | $500 initially, then $250 per week |
| Management Fee | $400 per person per day plus costs |
| Relocation Fee | $5,000 within Trade Area |
| Attorneys Fees and Costs | Varies |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | 102 total hours (20.5 classroom + 81.5 on-the-job) |
| Classroom Training | 20.5 hours |
| On-the-Job Training | 81.5 hours |
| Training Location | Dallas, TX; Orange Park, FL; or Hialeah, FL |
| Additional Training | Up to 2 employees may attend initial training as part of franchise fee. Additional persons cost $2,500 each. Refresher and new employee training available at cost per Operations Manual. 2 days on-site assistance at store opening. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Exclusive |
| Exclusive Territory | Yes |
| Territory Size | 2-mile radius around Store location |
| Description | Franchisees receive an exclusive Protected Territory with a 2-mile radius around their store location. Franchisor will not open or allow others to open another My Eyelab store within this territory as long as franchisee is in compliance. However, franchisor and affiliates retain rights to operate outside the territory, sell via internet/catalogs, and operate at non-traditional venues (schools, hospitals, military facilities) even within the territory. Affiliates operate Stanton Optical stores selling similar goods. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 10 years |
| Renewal Term | Two successive terms of 5 years each |
| Renewal Fee | 10% of then-current Initial Franchise Fee |
| Renewal Conditions | Must have right to maintain possession of approved location; agree to refurbish store to then-current standards; timely met all monetary obligations; not in default; given timely written notice of intent to renew; sign current Franchise Agreement; comply with current training requirements; sign general release; pay renewal fee. |
| Transfer Fee | 80% of then-current Initial Franchise Fee (outside transfer); 50% (to existing franchisee); plus up to $1,500 transfer costs |
| Transfer Conditions | Franchisor must approve; prospective transferee meets business and financial standards; right of first refusal not exercised; all monetary obligations paid; transferee completes training; lessor consents; transferee assumes or signs current agreement; transfer fee paid; store refurbished; general release executed. |
| Termination for Cause | Franchisor may terminate with 10 days notice for: failure to report Gross Sales, failure to pay, failure to maintain insurance/licenses, violations of law. 30 days notice for: breach of other provisions, failure to comply with System standards, failure to complete maintenance/repairs, failure to pass inspection, failure to employ trained Brand Manager. Immediate termination for: insolvency/bankruptcy, abandonment, unauthorized transfer, false records, felony conviction, loss of premises, unauthorized use of marks, repeated defaults, material breach that cannot be cured. |
| Non-Compete Period | 2 years after termination or expiration |
| Non-Compete Details | For 2 years after termination or expiration, franchisee, owners, and family members are prohibited from owning, being engaged or employed by, or loaning money to any Competitive Business within 25 miles of the Protected Territory or the location of any other My Eyelab store operating at the date of termination/expiration, and from diverting customers to a Competitive Business. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | Yes |
| Participation Details | Franchisee must designate a Brand Manager to devote full-time efforts to managing and supervising the store. If the owner or one of the owners serves as Brand Manager, then owners need not exert full-time efforts in day-to-day operations but must supervise all activities of the Brand Manager. |
| Required Suppliers | 100% of purchases must be from franchisor, affiliates, or approved/designated suppliers. Customized eyeglass orders must be manufactured by affiliate Vision Precision Holdings, LLC. |
| Supply Restrictions | Franchisees must purchase furniture, fixtures, optical and other equipment, software, inventory, and customized glasses orders from franchisor or approved suppliers. All products used and sold must only be purchased from franchisor or approved vendors. |
| Franchisor Revenue from Suppliers | For fiscal year ending January 1, 2022, franchisor received $11,143,461.31 from required purchases or leases by franchisees, representing 85.78% of total 2021 revenue of $12,990,739. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | No |
| Description | No direct or indirect financing program. May extend limited financing on a case-by-case basis, particularly for acquisition of former affiliate-owned locations. |
My Eyelab Franchise Earnings — Item 19
Average Revenue
$1.0M
Median Revenue
$932K
Revenue Range
$286K – $2.8M
Sample Size
97 units
Past financial performance does not guarantee future results. Individual results will vary.
My Eyelab Litigation & Risk Flags
Clean Litigation RecordMy Eyelab has no pending litigation actions listed in their FDD. There is also no bankruptcy history disclosed.
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
My Eyelab System Growth
Total Units
142
Franchised
74
Company-Owned
68
My Eyelab currently operates 74 franchised locations and 68 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2019 | 30 | 1 | 29 |
| 2020 | 21 | 1 | 48 |
| 2021 | 29 | 3 | 74 |
Transfers: 0 | Closures: 3
State Registrations
Registered in 14 states: CA, FL, GA, KY, NC, TX, OK, AL, AZ, IA, MI, TN, SC, VA
Franchisor Financials (Item 21)
Revenue
$13.0M
My Eyelab Franchise — FAQ
The total investment to open a My Eyelab franchise ranges from $299,858 to $601,197, per their Franchise Disclosure Document. This includes the initial franchise fee of $34,900. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
My Eyelab charges a royalty fee of 4% of weekly Gross Sales of gross sales, plus a Up to 8% of weekly Gross Sales (currently 8%) contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the My Eyelab Franchise Disclosure Document free on this page. The FDD is a public document filed with state franchise registries. Always also request the current FDD directly from My Eyelab to ensure you have the most up-to-date version.
According to the Item 19 financial performance representation in their FDD, My Eyelab franchise owners report average revenue of $1.0M and median revenue of $932K. This is based on a sample of 97 units. Past performance does not guarantee future results.
My Eyelab has been franchising since 2015. The FDD shows an investment range of $299,858-$601,197, a 4% of weekly Gross Sales royalty, and includes an Item 19 earnings disclosure. There is no pending litigation. Review the full FDD and contact current franchisees listed in Item 20 before making any investment decision.
The franchise fee is $34,900 and the total investment ranges from $299,858 to $601,197 depending on location size and market. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
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Data Source & Disclaimer: This website is for informational purposes only. It is not an offer to sell or buy a franchise. This profile is based on publicly available FDD data sourced from state franchise registry filings. All information is for research purposes only and does not constitute legal, financial, or investment advice. Data may be outdated or contain errors. Always obtain the current FDD directly from My Eyelab and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with My Eyelab or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com