My Eyelab Delivers on 2020 Vision with Impressive YTD Growth
Despite Pandemic, Franchise Thriving with Comp Store Sales, Growing 50% vs. LY and 15 New Signed Franchise Agreements in 2020
August 06, 2020 // Franchising.com // PALM SPRINGS, Fla. - My Eyelab, a retail brand of Now Optics, is staying true to its vision of modernizing the eye care experience for all people and making franchising easy. 2020 has already proven immense growth for the brand with 23 units in development, 15 of which were sold in the first half of the year. The new openings and signings mark a 40 percent year-to-date growth rate over last year for My Eyelab, bringing the national eye care and retail brand’s number of franchise stores to 42 with a track to 55 franchise units operating by year end. The system will have a 200 stores by the end of the year.
The locations in development will greatly increase the presence of My Eyelab in Texas. Half of Austin is being developed by a new franchisee to the system, and a single-unit operator in Dallas is developing five more stores. The brand continues to see expanding growth in Houston with franchise groups there. Additionally, developing five locations in Southwest Texas. Other areas of the country where My Eyelab stores are slated to open include Miami and Atlanta.
“Now more than ever people are looking for eye care that is safe, convenient and affordable,” said Daniel Stanton, Founder and CEO of Now Optics. “We look forward to filling that need as we partner with hard working and ambitious entrepreneurs across the country, whether or not they have a background in optometry.”
Despite the pandemic, business has remained steady for My Eyelab in 2020, as it is considered an essential business. My Eyelab remained open when customers needed them most, leveraging their innovative telehealth technology and remote network of available doctors to provide patients with eye exams virtually in-store. To date, the company has conducted more than 800,000 telehealth eye exams, something no other optical franchise can offer.
To continue its impressive trajectory, My Eyelab is seeking qualified franchise partners that share the same vision and have a passion for managing their own business. My Eyelab’s proven business model makes it easy for anyone to learn the optical industry and hit the ground running from day one. Their corporate team of experts have over 50 years of combined experience to share and provide the needed training and on-going support in all aspects of running the operation, from site selection to marketing, merchandising and technology.
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 180 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.
SOURCE Now Optics
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