My Eyelab Ranked a Top Franchise in Entrepreneur’s Highly Competitive 41st Annual Franchise 500®
January 15, 2020 // Franchising.com // PALM SPRINGS, Fla. - My Eyelab, a retail brand of Now Optics – a leading eye care provider offering accessible and affordable eye health solutions – recently ranked in Entrepreneur magazine’s Franchise 500®, the world’s first, best and most comprehensive franchise ranking.
Placement in the Franchise 500® is a highly sought-after honor in the franchise industry making it one of the company’s most competitive rankings ever. Recognized as an invaluable resource for potential franchisees, the Franchise 500® ranks My Eyelab as #343 for its outstanding performance in areas including unit growth, financial strength and stability, and brand power.
"The 500 companies on this list all have something in common: They understand what consumers want now,” says Entrepreneur editor in chief Jason Feifer. “They may be an upstart in a brand-new category, or they may be a brand like Dunkin’ that’s ranked highly on our list for decades. But either way, making our list means they’re forward-thinking, nimble, and closely in touch with their customers’ needs - because in an ever-changing business environment, that’s what a franchise must do to thrive."
The key factors that go into the evaluation include costs and fees, size and growth, support, brand strength, and financial strength and stability. Each franchise is given a cumulative score based on an analysis of more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
Over its 41 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. My Eyelab’s position on the ranking is a testament to its strength as a franchise opportunity.
To view My Eyelab in the full ranking, visit entrepreneur.com/franchise500. Results can also be seen in the January/February 2020 issue of Entrepreneur, available on newsstands January 14.
Daniel Stanton, founder and chief executive officer for Now Optics, said, "As the My Eyelab franchise continues to expand, this ranking showcases all of our collective efforts to be a leading eye care brand. The future is bright, and the team is working as we speak to build upon this recognition in the future."
About Now Optics
Now Optics (formerly known as Vision Precision Holdings) is a leader in the eye care industry.
Its retail brands, My Eyelab and Stanton Optical, are among the nation’s fastest growing, full-service retail optical centers. The company continues to expand its retail footprint with over 170 corporate and franchise locations in 25 states while delivering affordable eye health solutions.
The company consistently ranks among the top 15 largest optical retailers in the country by Vision Monday. Visit myeyelab.com or stantonoptical.com for more information.
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SOURCE My Eyelab
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