Start-Up Costs and Fees |
||
| Macy's Vision Express | Fastest Labs | |
| Investment | 350000 - 685000 | 79900 - 114150 |
| Franchise Fee | ||
| Royalty Fee | 7% | 7% |
| Advertising Fee | ||
| Year Founded | 1996 | 2000 |
| Year Franchised | 2002 | 2010 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Macy's Vision Express | Fastest Labs | |
| Experience | ||
Financing Options |
||
| Macy's Vision Express | Fastest Labs | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Macy's Vision Express | Fastest Labs | |
| Training | Monthly support | Classroom Training: 35 hours |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
| Operations | 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) | Number of Employees Required to Run: 1 - 3 |
Expansion Plans |
||
| Macy's Vision Express | Fastest Labs | |
| US Expansion | North East, South East, | 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 |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Macy's Vision Express | |
| Fastest Labs | |
| Franchise Fee | |
| Macy's Vision Express | |
| Fastest Labs | |
| Royalty Fee | |
| Macy's Vision Express | 7% |
| Fastest Labs | 7% |
| Advertising Fee | |
| Macy's Vision Express | |
| Fastest Labs | |
| Year Founded | |
| Macy's Vision Express | 1996 |
| Fastest Labs | 2000 |
| Year Franchised | |
| Macy's Vision Express | 2002 |
| Fastest Labs | 2010 |
| Term Of Agreement | |
| Macy's Vision Express | 10 years |
| Fastest Labs | |
| Renewal Fee | |
| Macy's Vision Express | |
| Fastest Labs | |
Business Experience Requirements |
|
| Experience | |
| Macy's Vision Express | |
| Fastest Labs | |
Financing Options |
|
| Franchise Fees | |
| Macy's Vision Express | No |
| Fastest Labs | No |
| Start-up Costs | |
| Macy's Vision Express | |
| Fastest Labs | |
| Equipment | |
| Macy's Vision Express} | |
| Fastest Labs | |
| Inventory | |
| Macy's Vision Express | |
| Fastest Labs | |
| Receivables | |
| Macy's Vision Express | |
| Fastest Labs | |
| Payroll | |
| Macy's Vision Express | |
| Fastest Labs | |
Training & Support |
|
| Training | |
| Macy's Vision Express | Monthly support |
| Fastest Labs | Classroom Training: 35 hours |
| Support | |
| Macy's Vision Express | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Fastest Labs | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform |
| Marketing | |
| Macy's Vision Express | Co-op advertising, Ad slicks, Regional advertising |
| Fastest Labs | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
| Operations | |
| 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) |
| Fastest Labs | Number of Employees Required to Run: 1 - 3 |
Expansion Plans |
|
| US Expansion | |
| Macy's Vision Express | North East, South East, |
| 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 |
| Canada Expansion | |
| Macy's Vision Express | 0 |
| Fastest Labs | |
| International Expansion | |
| Macy's Vision Express | |
| Fastest Labs | |