Sterling Optical is an optical retail center offering prescription eyewear, contact lenses, and eye care services. The franchise provides optical solutions with a focus on quality products and professional care.
Key Insights
- Sterling Optical developed through years of hands-on experience that revealed specific opportunities for improvement within the industry, resulting in innovative solutions that address common challenges while creating new possibilities for growth and customer satisfaction.
- Quality control systems ensure consistent results across all projects while adapting to unique specifications and client expectations, utilizing proven procedures and regular assessments that maintain high standards while accommodating individual needs and preferences.
- Consumer education and awareness drive increasing demand for higher quality and more specialized service options, benefiting businesses that can demonstrate expertise, reliability, and value while building trust through consistent performance and professional service delivery.
Franchise Fee and Costs to Open
Exploring the financial picture of Sterling Optical gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $32,840 - $2,093,750, along with a franchise fee of $10,000 - $30,000.
Financial Performance and Revenue
Yearly gross sales of $859,765 and estimated earnings of $85,977 - $103,172 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 11.7-13.7 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Sterling Optical provides comprehensive training to new franchisees. This initial program, spanning two weeks, takes place at Sterling Optical's corporate headquarters. The franchisor offers guidance on operational best practices. Sterling Optical provides marketing resources and ongoing support to help franchisees establish their businesses.
Legal Considerations
Legal considerations for a Sterling Optical franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
A Sterling Optical franchisee might encounter challenges related to intense local competition from other optical providers and general retail stores offering eyewear. Operational complexity can arise from managing staff, inventory, and maintaining service standards consistently. A reliance on specific supplier chains for frames, lenses, and equipment could also present considerations, impacting product availability and pricing.
Franchise Datasheet
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