Start-Up Costs and Fees |
||
| Macy's Vision Express | Structural Elements | |
| Investment | 350000 - 685000 | 190250 - 638900 |
| Franchise Fee | ||
| Royalty Fee | 7% | 8% |
| Advertising Fee | 1% | |
| Year Founded | 1996 | 0 |
| Year Franchised | 2002 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Macy's Vision Express | Structural Elements | |
| Experience | ||
Financing Options |
||
| Macy's Vision Express | Structural Elements | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Macy's Vision Express | Structural Elements | |
| 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 | Structural Elements | |
| 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 | |
| Structural Elements | |
| Franchise Fee | |
| Macy's Vision Express | |
| Structural Elements | |
| Royalty Fee | |
| Macy's Vision Express | 7% |
| Structural Elements | 8% |
| Advertising Fee | |
| Macy's Vision Express | |
| Structural Elements | 1% |
| Year Founded | |
| Macy's Vision Express | 1996 |
| Structural Elements | 0 |
| Year Franchised | |
| Macy's Vision Express | 2002 |
| Structural Elements | 0 |
| Term Of Agreement | |
| Macy's Vision Express | 10 years |
| Structural Elements | |
| Renewal Fee | |
| Macy's Vision Express | |
| Structural Elements | |
Business Experience Requirements |
|
| Experience | |
| Macy's Vision Express | |
| Structural Elements | |
Financing Options |
|
| Franchise Fees | |
| Macy's Vision Express | No |
| Structural Elements | No |
| Start-up Costs | |
| Macy's Vision Express | |
| Structural Elements | |
| Equipment | |
| Macy's Vision Express} | |
| Structural Elements | |
| Inventory | |
| Macy's Vision Express | |
| Structural Elements | |
| Receivables | |
| Macy's Vision Express | |
| Structural Elements | |
| Payroll | |
| Macy's Vision Express | |
| Structural Elements | |
Training & Support |
|
| Training | |
| Macy's Vision Express | Monthly support |
| Structural Elements | |
| Support | |
| Macy's Vision Express | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Structural Elements | |
| Marketing | |
| Macy's Vision Express | Co-op advertising, Ad slicks, Regional advertising |
| Structural Elements | |
| 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) |
| Structural Elements | |
Expansion Plans |
|
| US Expansion | |
| Macy's Vision Express | North East, South East, |
| Structural Elements | 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 |
| Structural Elements | |
| International Expansion | |
| Macy's Vision Express | |
| Structural Elements | |