Eye & I Eyecare franchise
2024 filing · October 8, 2024Shares sales figures
Eye & I Eyecare at a glance
An optical center offering eye exams, specialty eye care, eyewear and a dry eye lab. At the end of 2023 there were 2 Eye & I Eyecare locations in the US, all company-owned.
The business
- Industry
- Retail
- Franchisor
- Eye & I Eyecare 2 LLC
- The company that sells the franchises
What you pay
- Cost to open
- $349K–$670K
- Fee, build-out and opening working capital
- Franchise fee
- $29,900
- Paid once, when you sign
- Royalty
- 7%
- 7% of gross revenue, paid monthly, plus 2% to national advertising once the fund starts
- Brand fund
- Yes
- 2% of gross revenue once the fund starts
- Renewal fee
- $7,500
- When the agreement ends and you sign again
Where it is
- US locations, 2023
- 2
- Franchised and company-owned
- Franchised
- 0
- Company-owned
- 2
- Change in 3 years
- 0
- Franchised locations, 2021–2023
From Eye & I Eyecare 2 LLC’s 2024 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
Eye & I Eyecare among all franchises with the same figure.
| Figure | Eye & I Eyecare | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $509,675 | Costs more than 65% of franchises |
| Franchise feePaid once, when you sign | $29,900 | Lower than 81% of franchises |
| RoyaltyShare of sales paid to the franchisor | 7% | Higher than 70% of brands with a set rate |
| US locationsFranchised and company-owned | 2 | Fewer than 82% of franchises |
How much a Eye & I Eyecare franchise costs
Opening one Eye & I Eyecare costs an estimated $348,950 to $670,400. That covers the franchise fee and everything else needed to open, through the first months of working capital.
The biggest costs are construction of leasehold improvements ($150,000 to $300,000) and additional funds (3 months) ($60,000 to $100,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Initial Franchise Fee | $29,900 | ||
| Traveling and Living Expenses while Training | $3,000 | $6,000 | |
| Real Property Rent Deposits and Pre-Paid Expenses | $12,000 | $30,000 | |
| Furniture, Fixtures, and Décor | $35,000 | $60,000 | |
| Construction of Leasehold Improvements | $150,000 | $300,000 | |
| Computer and POS System | $3,250 | $4,500 | |
| Office Supplies, TV, Cameras | $1,500 | $5,000 | |
| Initial Inventory and Supplies | $30,000 | $40,000 | |
| Medical Equipment | $12,000 | $75,000 | |
| Signage | $5,000 | $8,000 | |
| Grand Opening Advertising | $2,500 | $5,000 | |
| Business Licenses and Permits | $1,000 | $2,000 | |
| Insurance (3 Months) | $1,300 | $1,500 | |
| Professional Fees | $2,500 | $3,500 | |
| Additional Funds (3 months) | $60,000 | $100,000 | |
| Total | $348,950 | $670,400 | |
Source: Eye & I Eyecare 2 LLC, 2024 filing, page 16
Eye & I Eyecare franchise fee
The franchise fee is $29,900. You pay it when you sign the franchise agreement.
Source: Eye & I Eyecare 2 LLC, 2024 filing, page 11
Royalty and ongoing fees
| Royalty | 7% of gross revenue, paid monthly, plus 2% to national advertising once the fund starts. |
|---|---|
| Brand or marketing fund | 2% of gross revenue once the fund starts. |
| POS and Software Fees | Approximately $2,500 per month (plus transaction costs) |
| Transfer Fee | $15,000 |
| Renewal Fee | $7,500 |
| Local Advertising | 1.5% of Gross Revenues |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Eye & I Eyecare 2 LLC, 2024 filing, page 12
Other fees as filed, from pages 12–15. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures Eye & I Eyecare publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
Source: Eye & I Eyecare 2 LLC, 2024 filing, page 40
How Eye & I Eyecare compares
Of the 302 retail franchises on this site, Eye & I Eyecare is the 229th cheapest to open and the 259th largest by number of locations.
| Figure | Eye & I Eyecare | Typical retail brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $349K | $198K | $222K |
| Cost to open, high end | $670K | $425K | $477K |
| Franchise fee | $30K | $35K | $40K |
| Royalty | 7% | 5.7% | 6% |
| US locations | 2 | 38 | 21 |
| Shares earnings figures | Yes | 187 of 302 | 2,147 of 3,352 |
Typical is the median across the 302 brands in retail franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2021 | 0 (0) | 1 | 0 | 0 |
| 2022 | 0 (0) | 1 | 0 | 0 |
| 2023 | 0 (0) | 2 | 0 | 0 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: franchise failure rates.
Source: Eye & I Eyecare 2 LLC, 2024 filing, page 42
Who owns Eye & I Eyecare?
Eye & I Eyecare franchises are sold by Eye & I Eyecare 2 LLC.
From Eye & I Eyecare 2 LLC’s 2024 filing.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | None. The filing says no litigation has to be disclosed. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: Eye & I Eyecare 2 LLC, 2024 filing, litigation on page 11, bankruptcy on page 11
Eye & I Eyecare filings
The figures on this page come from Eye & I Eyecare 2 LLC’s 2024 filing, issued October 8, 2024, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2024 filing | October 8, 2024 | NASAA depository | Costs, fees and locations, 2021–2023 |
Each link opens the filing as a PDF. See the newest filings across all brands.
