Start-Up Costs and Fees |
||
| Fastest Labs | Macy's Vision Express | |
| Investment | 79900 - 114150 | 350000 - 685000 |
| Franchise Fee | ||
| Royalty Fee | 7% | 7% |
| Advertising Fee | ||
| Year Founded | 2000 | 1996 |
| Year Franchised | 2010 | 2002 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Fastest Labs | Macy's Vision Express | |
| Experience | ||
Financing Options |
||
| Fastest Labs | Macy's Vision Express | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Fastest Labs | Macy's Vision Express | |
| Training | Classroom Training: 35 hours | Monthly support |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing | Co-op advertising, Ad slicks, Regional advertising |
| Operations | Number of Employees Required to Run: 1 - 3 | 75% of all franchisees own more than one unit Number of employees needed to run franchised unit: 8 - 15 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
| Fastest Labs | Macy's Vision Express | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | North East, South East, |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Fastest Labs | |
| Macy's Vision Express | |
| Franchise Fee | |
| Fastest Labs | |
| Macy's Vision Express | |
| Royalty Fee | |
| Fastest Labs | 7% |
| Macy's Vision Express | 7% |
| Advertising Fee | |
| Fastest Labs | |
| Macy's Vision Express | |
| Year Founded | |
| Fastest Labs | 2000 |
| Macy's Vision Express | 1996 |
| Year Franchised | |
| Fastest Labs | 2010 |
| Macy's Vision Express | 2002 |
| Term Of Agreement | |
| Fastest Labs | |
| Macy's Vision Express | 10 years |
| Renewal Fee | |
| Fastest Labs | |
| Macy's Vision Express | |
Business Experience Requirements |
|
| Experience | |
| Fastest Labs | |
| Macy's Vision Express | |
Financing Options |
|
| Franchise Fees | |
| Fastest Labs | |
| Macy's Vision Express | |
| Start-up Costs | |
| Fastest Labs | |
| Macy's Vision Express | |
| Equipment | |
| Fastest Labs} | |
| Macy's Vision Express | |
| Inventory | |
| Fastest Labs | |
| Macy's Vision Express | |
| Receivables | |
| Fastest Labs | |
| Macy's Vision Express | |
| Payroll | |
| Fastest Labs | |
| Macy's Vision Express | |
Training & Support |
|
| Training | |
| Fastest Labs | Classroom Training: 35 hours |
| Macy's Vision Express | Monthly support |
| Support | |
| Fastest Labs | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform |
| Macy's Vision Express | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Fastest Labs | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
| Macy's Vision Express | Co-op advertising, Ad slicks, Regional advertising |
| Operations | |
| Fastest Labs | Number of Employees Required to Run: 1 - 3 |
| Macy's Vision Express | 75% of all franchisees own more than one unit Number of employees needed to run franchised unit: 8 - 15 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Fastest Labs | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Macy's Vision Express | North East, South East, |
| Canada Expansion | |
| Fastest Labs | |
| Macy's Vision Express | 0 |
| International Expansion | |
| Fastest Labs | |
| Macy's Vision Express | |