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General

Industry

Healthcare Services

Category

Other

Works with Franchise Brokers

No

Year of Founding

1996

Fees

Marketing Fee

NA

Royalty Fee

2.5%

Franchise Fee

$0-$0

Investment Range

$85K-$333K

Location units

Total U.S. Locations

3139

U.S. Franchised Units

3139

U.S. Corporate Units

N/A

Headquarters (City)

Kingwood

Other

Item 19 - Franchise Financials

No

E-2 Visa Eligibility

No

Started Offering Franchises

1996

Issuance of FDD Data

03/07/2022

Key Indicators

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Franchise Payback Period (Years)

Owner Salary / Compensation

Average Unit Volume (AUV)

Franchise Cost

$85K-$333K

Franchise Fee

$0-$0

What to know about Vision Source franchise?

Vision Source franchisees operate an optometric or ophthalmologic office, in a specific territory. Franchisees diagnose vision and eye health problems, prescribe corrective vision measures such as glasses or contact lenses, and provide all other areas of eye care that optometrists may be permitted by law to perform, including the retail sale of eyewear and optical supplies. The franchise agreement grants the franchisee the exclusive right to use the Vision Source name, logo, marketing, and business systems within the franchise territory. The franchisee is required to operate their business according to Vision Source’s high standards and guidelines. Vision Source franchisees benefit from the company’s significant buying power to procure eyewear and optical supplies at competitive prices. As a franchisee of Vision Source, you'll be able to offer top-quality eye care services to your community. You'll benefit from years of experience in the industry, as well as marketing and business support. You will be offering your customers the very latest in eye care technology and services. In addition, franchisees have access to training and support in all areas of running a successful optometric or ophthalmologic practice. A Vision Source franchise offers an opportunity for entrepreneurs who are passionate about helping people see better and live better lives.

Vision Source is based in Kingwood, TX. Scroll down to learn more!

How much does a Vision Source franchise cost?

Are you wondering how much is a Vision Source franchise? Before starting a Vision Source franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a Vision Source franchise is $85,000 and can go all the way up to $333,300. Keep in mind, you should also allocate additional funds to live off of while the Vision Source business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Vision Source franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Vision Source business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Vision Source franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

Industry Report Request

Download our guide to compare Vision Source. Hotels to the Other, Outdoor Healthcare Services industry.

Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2016 3262 232 150 3344
2017 3344 135 150 3329
2018 3329 146 196 3279
2019 3279 186 215 3250
2020 3250 119 226 3143
2021 3143 194 198 3139

Additional Details

How much does a Vision Source franchise owner make?

Vision Source franchise earnings and revenue can vary significantly from one franchisee to another.
The Vision Source franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

Vision Source unfortunately does not disclose financials on how much Vision Source franchise owners make. This means they do not disclose sales or earnings for franchisees operating in the U.S.

Every franchisor is required by law to disclose income statements and balance sheets for how the franchisor is performing but not for the franchisee level. Unfortunately, Vision Source does not make it easy to understand franchisee financial performance. This can be seen as a red flag and it is important to be that much more diligent in your conversations with Vision Source franchisees. Do note that Vision Source is not alone as about 40% of franchises do not disclose franchisee financial performance.

At Vetted Biz, we suggest you to speak with 5 to 10 Vision Source franchisees to understand how much money they are making from their Vision Source business.

You should also speak to former Vision Source franchisees to understand why they left the system. Did they sell their Vision Source at a profit? Were they forced to close their Vision Source franchise down because it kept losing money?

What is the Vision Source franchise fee?

Owning a Vision Source franchise requires 2.5% royalty fee and a variable marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Vision Source Franchise Disclosure Document

Keep in mind, there is also an initial Vision Source franchise fee of $0 that is included in the initial investment amount of $85,000 to $333,300. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Vision Source franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Vision Source franchise fee of $0.

Visit the Vision Source metrics tab to explore the financials for this business, royalty and marketing fees compare to other Healthcare Services franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Vision Source founded?

Vision Source started offering franchises in 1996. Vision Source was founded 26 years ago in 1996.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Vision Source locations are in the U.S.?

As of 2022, there were 3139 locations across the U.S. There are also 0 corporate locations. Most Healthcare Services franchises like Vision Source have more franchised locations than corporate locations.

How many Vision Source franchises opened over the past few years?

Over the prior 3 years we have data for, Vision Source has opened 499 outlets throughout the U.S. Visit the Vision Source metrics tab to explore how the openings compare to other Healthcare Services franchises.

How many Vision Source franchises closed over the past few years?

Over the prior 3 years we have data for, Vision Source has closed 639 outlets throughout the U.S

Visit the Vision Source metrics tab to explore how the openings compare to other Healthcare Services franchises.

Is Vision Source growing? Are they opening more locations than they are closing?

The net unit growth rate for Vision Source over the past 3 years is -4%. Over the last year we have data for, Vision Source had a net unit growth rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Vision Source growth rate compares to 2,000+ other franchises and Industry franchises like Vision Source. More info in the Vision Source metrics tab.

Is Vision Source franchise eligible for an SBA Loan?

Vision Source is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

Vision Source franchise was assigned the SBA Franchise ID of S2420 on 01/17/2018. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like Vision Source that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria. Currently, there are over 7,000 franchise opportunities that the SBA has deemed eligible for SBA financing.

Is Vision Source a franchise in the United States?

According to the SBA, Vision Source meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that Vision Source provides you with an FDD if you are in discussion to buy a Vision Source.

What is the Vision Source Franchise for Sale Rate?

The Vision Source systemwide health and franchisee satisfaction can be measured by the Vision Sourcefranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

Vision Source franchise for sale rate over the past 3 years is 3%. Over the last year we have data for, Vision Source had a franchise for sale rate of 1%.

Without a comparison, this number doesn’t mean much. Compare how the Vision Source franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Vision Source. More info in the Vision Source metrics tab.

What is the Vision Source Franchise Failure Rate?

Vision Source franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

Vision Source failure rate over the past 3 years is 20%. Over the last year we have data for, Vision Source had a franchise failure rate of 6%.

Without a comparison, this number doesn’t mean much. Compare how the Vision Source franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Vision Source. More info in the Vision Source metrics tab.

How can I find out more details on Vision Source franchise?

Visit the Vision Source metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

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Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

Vision Source

$209,150

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Vision Source

2.5%

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Vision Source

$0

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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General

Industry

Healthcare Services

Category

Other

Works with Franchise Brokers

No

Year of Founding

1996

Fees

Marketing Fee

NA

Royalty Fee

2.5%

Franchise Fee

$0-$0

Investment Range

$85K-$333K

Location units

Total U.S. Locations

3139

U.S. Franchised Units

3139

U.S. Corporate Units

N/A

Headquarters (City)

Kingwood

Other

Item 19 - Franchise Financials

No

E-2 Visa Eligibility

No

Started Offering Franchises

1996

Issuance of FDD Data

03/07/2022

Detailed Franchise metrics for Vision Source

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Vision Source 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.

Growth Rate

The percentage change of total franchise units from one year to the next by franchisor.

 

1 year

3 years

Vision Source

-3%

-4%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

Vision Source

1%

3%

Industry median

All franchises median

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Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

Vision Source

7%

20%

Industry median

All franchises median

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Business details

Website

https://visionsource.com/

Business email

c********@visionsource.com

Mailing address

23824 Highway 59 North

State headquarters

Texas

Contact Name

Vision Source

Phone

+1 (000) 0********00

City

Kingwood

Zip code

77339
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