Once you’ve reviewed our website and have read about the basics, you’re probably ready to learn more about our eyeglass business opportunity. The best way to get the details is to review our franchise disclosure document (FDD). If you’re new to franchising, you might be too familiar with this complex legal document. Here, we’ll give you the basics on what you can expect to find in our FDD.
What’s the Purpose of the FDD?
Whether you’re researching our eyeglass business opportunity or another franchise entirely, it’s important to read the FDD closely. Franchises are required to share FDDs with prospective investors because they include all the important details franchisees should understand before making any commitments. It’s important that prospective franchisees take at least two weeks to review the FDD, with an attorney if necessary, because signing their franchise agreement indicates that they’ve read and agree to all of its terms.
Costs Associated with Our Eyeglass Business Opportunity
The FDD outlines the expenses you should count on as a My Eyelab franchisee. No one can predict with total accuracy how much any business will cost to get started, but we provide some careful estimates in the FDD. For instance, you’ll be able to see:
- The estimated total initial investment, which includes expenses for things like equipment, your lease, signage, and so forth.
- The initial franchise fee that you’ll pay when your franchise agreement is signed.
- Ongoing royalties and fees that we’ll assess on a regular basis.
Information like this will help you to form a good idea of your financial preparedness to invest, and reduces the likelihood of unexpected costs along the way.
Resources Franchisees Can Expect
The FDD doesn’t just list expenses you’ll be responsible for as the franchisee, it also details the supports you can expect from your franchisor. It’s important to know exactly what you’re entitled to, and the FDD will help you set your expectations wisely.
My Eyelab offers our franchisees a number of valuable support resources, all of which are laid out in the FDD. A few examples include our comprehensive initial training program, marketing assistance, technical assistance, and business advising.
Information on Our Company’s Leadership
You’ll find information on many of the people that make up our franchise team in the FDD. This gives you the opportunity to research the people you’d be working with as a franchisee. Oftentimes, FDDs also include some information about current franchises and franchisees.
How Do I Get a Copy of the FDD?
Contact us and ask for one! We ask that prospective franchisees contact us directly about our eyeglass business opportunity so that we have the opportunity to introduce them to the document and make ourselves available for any questions they might have.
Ready to learn more? Contact My Eyelab today to request a copy of our FDD.