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Detailed Metrics

Detailed Franchise metrics for My Eyelab Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for My Eyelab below. “N/A” or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

U.S. Franchised Units

13

U.S. Corporate Units

23

Total Number of Units

36

Transfer Rate

Why is the System Transfer Rate important?

The System Transfer Rate represents all franchise unit transfers relative to the total number of franchise units. A lower transfer rate and lower overall transfers indicates a more robust and stable franchise system.

Rate (%) Number of Transfers (#)
2016 [N/A] [0]
2017 [0.0%] [0]
2018 7.69% 1
2019 3.45% 2
3-year 6.90% 2
Closure Rate

Why is the Closure Rate important?

The Closure Rate represents franchise unit terminations and non-renewals in a given year relative to the total number of franchise units. A lower closure rate, overall terminations, and non-renewals indicate a more stable franchise system.

Rate (%) Number of Closures (Terminations, Non-Renewals, Ceased Operations) (#)
2016 [N/A] [0]
2017 [0.0%] [0]
2018 [0.0%] [0]
2019 [0.0%] [0]
3-year [0.0%] [0]
Growth Rate

Why is the Growth Rate important?

The Growth Rate is the percentage change of total franchise units from one year to the next. A higher Growth Rate signifies an expanding franchise system.


Rate (%) Number of Openings (#)
2016 [0.0%] [0]
2017 [N/A] 2
2018 550.00% 12
2019 123.08% 17
3-year 193.33% 31
Industry Report Request

Download our guide to compare My Eyelab to the Retail Products and Services, Specialized industry.

Stability Rate

Why is the Stability Rate important?

The Stability Rate demonstrates how stable the franchise system was at the end of the year relative to total existing and new franchise units. A higher Stability Rate indicates a franchise system that is more likely to succeed as more franchise units remain in the system.

Rate (%) Number of Franchise Units at the End of the Year(#)
2016 [0.0%] [0]
2017 100.00% 2
2018 92.86% 13
2019 96.67% 29
3-year 0.935483871 29
Exit Rate

Why is the Exit Rate important?

The Exit Rate represents the percentage of closures and terminations that happened in a given year. A higher Exit Rate is a negative indicator and should be investigated further in order to understand if there are any potential issues with the system as a whole.

Rate (%) Number of Closures & Transfers (#)
2016 [N/A] [0]
2017 [0.0%] [0]
2018 [0.0%] [0]
2019 [0.0%] [0]
3-year [0.0%] [0]
Detailed SBA Loan Data Request

Contact us today for a due diligence on all current and past SBA Loans issued to My Eyelab

As part of our due diligence process for franchises, we review the SBA loan success ratio. This is a fundamental indicator for measuring past success for a given franchise brand. We review SBA loan data for the past 30 years (including SBA loans paid in full and charged off). If you engage our services, we will vet My Eyelab for items that influence the business success should you decide to buy a My Eyelab franchise. The SBA loan success ratio is an important factor we consider along with other items included on our franchise search & due diligence page.

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