My Eyelab
Vision Precision Holdings
Company Information
3801 South Congress Avenue Palm Springs, FL 33461
M&D Optical Franchise, LLC a limited liability company organized in the State of Florida. They were formed in November 2015. Their principal business address is 3801 South Congress Avenue, Palm Springs, Florida, 33461.
The franchise offered involves the establishment and operation of an optical retail store and examination facility. Our system eliminates the need for an on-site laboratory, instead allowing our franchisees to use our affiliate's lab for customized orders, thereby significantly reducing startup and operational costs. We also offer tele-consulting as a means to consult the optometrist rather than employing an optometrist at the franchised location, through the proprietary platform we have established.1 My Eyelab® stores also offer for sale and sell distinctive eyewear, contact lenses, and other products. These features, along with other unique, distinctive, comprehensive, and proprietary standards, methods, procedures, equipment, signage, fixtures, furniture, décor inventory, and other specifications (hereinafter the “System”) for the establishment, development and operation of a My Eyelab® franchise are included in the business being offered.
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Franchise Rating
Franchimp Summary Rating
6/10
Earning Transparency
7/10
Investment Accessibility
4/10
Summary of potential earnings
$325,335 / unit
Average Gross Profit During 2020Health & Fitness
$928,775 / unit
Average Revenue During 2020Health & Fitness
Franchise System Development
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Employee Contact Database
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Summary of Investment Costs
Upfront Franchise Fees
Minimum: $216,708 Maximum: $292,197
Upfront franchise fees are the one-time payments required to secure rights to operate under an established brand, typically ranging from $20,000 to $100,000+ depending on brand value.
These fees grant access to proprietary business systems, training programs, intellectual property rights, and often territorial exclusivity—essentially purchasing the blueprint for a proven business model.
While separate from ongoing royalties, investors should evaluate these fees against expected returns, comparing fee-to-earnings ratios across opportunities and assessing how effectively franchisors reinvest these funds into system improvements.
Total Investment Costs
Minimum: $299,858 Maximum: $601,197
Ongoing Fees
Ongoing franchise fees, typically structured as royalties ranging from 4-8% of gross sales, represent the continuous payments franchisees make to maintain brand affiliation and support services.
These recurring fees fund the franchisor's operational assistance, marketing initiatives, technology updates, and continued brand development—creating a partnership where the franchisor's revenue grows alongside the franchisee's success. In addition to royalties, franchisees often contribute to national advertising funds (usually 1-3% of sales) and may incur technology fees, supply chain markups, or renewal fees depending on the franchise agreement.
Investors should carefully analyze these ongoing costs within their financial projections, as they directly impact profit margins and cash flow throughout the entire franchise relationship.
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