Start-Up Costs and Fees |
||
| Macy's Vision Express | Smile Source | |
| Investment | 350000 - 685000 | 27800 - 435000 |
| Franchise Fee | ||
| Royalty Fee | 7% | |
| Advertising Fee | ||
| Year Founded | 1996 | 2006 |
| Year Franchised | 2002 | 2006 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Macy's Vision Express | Smile Source | |
| Experience | ||
Financing Options |
||
| Macy's Vision Express | Smile Source | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Macy's Vision Express | Smile Source | |
| Training | Monthly support | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | |
| 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) | |
Expansion Plans |
||
| Macy's Vision Express | Smile Source | |
| 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 | |
| Smile Source | |
| Franchise Fee | |
| Macy's Vision Express | |
| Smile Source | |
| Royalty Fee | |
| Macy's Vision Express | 7% |
| Smile Source | |
| Advertising Fee | |
| Macy's Vision Express | |
| Smile Source | |
| Year Founded | |
| Macy's Vision Express | 1996 |
| Smile Source | 2006 |
| Year Franchised | |
| Macy's Vision Express | 2002 |
| Smile Source | 2006 |
| Term Of Agreement | |
| Macy's Vision Express | 10 years |
| Smile Source | |
| Renewal Fee | |
| Macy's Vision Express | |
| Smile Source | |
Business Experience Requirements |
|
| Experience | |
| Macy's Vision Express | |
| Smile Source | |
Financing Options |
|
| Franchise Fees | |
| Macy's Vision Express | No |
| Smile Source | No |
| Start-up Costs | |
| Macy's Vision Express | |
| Smile Source | |
| Equipment | |
| Macy's Vision Express} | |
| Smile Source | |
| Inventory | |
| Macy's Vision Express | |
| Smile Source | |
| Receivables | |
| Macy's Vision Express | |
| Smile Source | |
| Payroll | |
| Macy's Vision Express | |
| Smile Source | |
Training & Support |
|
| Training | |
| Macy's Vision Express | Monthly support |
| Smile Source | |
| Support | |
| Macy's Vision Express | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Smile Source | |
| Marketing | |
| Macy's Vision Express | Co-op advertising, Ad slicks, Regional advertising |
| Smile Source | |
| 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) |
| Smile Source | |
Expansion Plans |
|
| US Expansion | |
| Macy's Vision Express | North East, South East, |
| Smile Source | 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 |
| Smile Source | |
| International Expansion | |
| Macy's Vision Express | |
| Smile Source | |