One of the first questions prospective business owners ask when they think about opening a My Eyelab franchise is how much they can potentially make.
On average, My Eyelab franchisees are able to generate gross sales of $1,078,696* per year. However, the truth is business outcomes are subjective to the owner and operator.
While we have developed proven systems and standards, your success as a My Eyelab franchisee is contingent upon several factors, including:
- How well are you adhering to the My Eyelab business model?
- What caliber of talent have you brought on to your team?
- Are you personally invested in the mission of the brand?
- What type of support is offered by the franchisor?
- Are you able to provide clear guidance and management for your team?
That being said, we’ve developed a business model and support structure that puts you in a position to achieve a strong financial return as a franchisee.
Here’s a closer look at the My Eyelab franchise business model and support systems that help put you on the path to success as a franchisee.
A Retail Franchise Operating within the Health and Wellness Industry
One of the fundamental strengths of the My Eyelab business model is that the core focus is on retail sales. The customer experience in-store and online is cutting-edge and tech-forward, making eye care a seamless, stress-free process every step of the way. My Eyelab is the only vision care franchise that has developed a proprietary telehealth system, transforming and simplifying the retail eye care experience.
As opposed to a traditional healthcare organization, the medical care delivered to customers is a conduit for generating revenue rather than a source of profit by itself. Customers can walk in to get their eye exams completed without the need for an on-site optometrist. An on-site trained technician captures all the pre-test measurements while a built-in network of independent eye doctors can remotely collect the results and provide an assessment and prescription.
Customers can then choose from our huge selection of affordable frames or contact lenses to complete their experience. The average sales ticket per transaction is $270, helping franchisees to generate significant ROI without depending on a high volume of customers throughout the day.
Technology that Sustains Retail Franchise Growth
At My Eyelab, technology is a huge contributor to how our franchisees can capitalize on the site selection process and telehealth-centered business model.
When it comes to finding the best spot for a My Eyelab franchise, we have access to state-of-the-art demographic analytics that allow our franchisees to review neighborhood-level data for any potential store location in the US. We are able to better predict where our customers live and shop to provide optimal trade areas for future franchisees. We can also track population growth patterns for existing franchisees to determine if adding more stores would improve their business.
My Eyelab’s in-store telehealth technology and processes is a key differentiator as well. Since there’s no need for an on-site optometrist, payroll is reduced compared to traditional eye care businesses. Instead, franchisees get access to a network of independent, state-certified doctors who work remotely to meet customer needs and are always available to see patients.
Our integrated automated systems for ordering, processing and customer management enables franchisees to focus their time on fulfilling customer needs instead of working on repetitive administrative tasks.
As a result, any entrepreneur can bring eye care to their communities regardless of their background or experience.
Take Advantage of the My Eyelab Franchise Opportunity
Along with extensive on-site training, access to our in-house marketing team and a dedicated customer service center, My Eyelab franchisees are supported daily by the hard work of our corporate team. We provide cutting-edge eye exam management training and are constantly adapting our operations to positively influence the success of our franchisees.
See how you can capitalize on the eye care industry by owning an easy to own and operate, streamlined retail eye care franchise. We make it easy for you. Tap into our team of experts with 50+ years of industry experience and leverage our proven business model.