MK Vision Center franchise
2023 filing · May 16, 2023Shares sales figures
MK Vision Center at a glance
An optometry center offering eye exams and selling glasses and contact lenses. At the end of 2022 there were 2 MK Vision Center locations in the US, all company-owned.
The business
- Industry
- Retail
- Franchisor
- MK Vision Center Franchising, LLC
- The company that sells the franchises
- Franchisor based in
- Orlando, Florida
What you pay
- Cost to open
- $358K–$624K
- Fee, build-out and opening working capital
- Franchise fee
- $50,000
- Paid once, when you sign
- Royalty
- 5%
- 5% of gross sales, paid monthly, plus 1% to the brand fund
- Brand fund
- 1%
- 1% of gross sales, paid monthly
- Agreement length
- 10 years
- Franchisor financing
- None offered
Where it is
- US locations, 2022
- 2
- Franchised and company-owned
- Franchised
- 0
- Company-owned
- 2
- Change in 3 years
- 0
- Franchised locations, 2020–2022
- States
- 1
- Most in New York
From MK Vision Center Franchising, LLC’s 2023 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
MK Vision Center among all franchises with the same figure.
| Figure | MK Vision Center | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $491,050 | Costs more than 63% of franchises |
| Franchise feePaid once, when you sign | $50,000 | Higher than 70% of franchises |
| RoyaltyShare of sales paid to the franchisor | 5% | Lower than 69% of brands with a set rate |
| US locationsFranchised and company-owned | 2 | Fewer than 82% of franchises |
How much a MK Vision Center franchise costs
Opening one MK Vision Center costs an estimated $357,850 to $624,250. That covers the franchise fee and everything else needed to open, through the first months of working capital.
The biggest costs are leasehold improvements ($100,000 to $200,000) and equipment ($70,000 to $100,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Initial Franchise Fee | $50,000 | ||
| Travel Expenses for Initial Training | $3,000 | $10,000 | |
| Leasehold Improvements | $100,000 | $200,000 | |
| Furniture and Fixtures | $15,000 | $50,000 | |
| Signage | $3,500 | $10,000 | |
| Equipment | $70,000 | $100,000 | |
| Computer System and Licenses | $2,000 | $3,500 | |
| Rent and Security Deposit | $10,000 | $40,000 | |
| Opening Inventory and Supplies | $28,000 | $48,000 | |
| MK Vision Eyewear Fee | $12,000 | $15,000 | |
| Grand Opening Marketing | $10,000 | $20,000 | |
| Uniforms | $100 | $250 | |
| Insurance | $1,000 | $1,500 | |
| Business Licenses | $250 | $1,000 | |
| Professional Fees | $3,000 | $5,000 | |
| Additional Funds - 3 months | $50,000 | $70,000 | |
| Total | $357,850 | $624,250 | |
Source: MK Vision Center Franchising, LLC, 2023 filing, page 17
MK Vision Center franchise fee
The franchise fee is $50,000. You pay it when you sign the franchise agreement.
Source: MK Vision Center Franchising, LLC, 2023 filing, page 12
Royalty and ongoing fees
| Royalty | 5% of gross sales, paid monthly, plus 1% to the brand fund. |
|---|---|
| Brand or marketing fund | 1% of gross sales, paid monthly. |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: MK Vision Center Franchising, LLC, 2023 filing, page 13
Sales and earnings
Shares figures MK Vision Center publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
Source: MK Vision Center Franchising, LLC, 2023 filing, page 50
How MK Vision Center compares
Of the 302 retail franchises on this site, MK Vision Center is the 235th cheapest to open and the 248th largest by number of locations.
| Figure | MK Vision Center | Typical retail brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $358K | $198K | $222K |
| Cost to open, high end | $624K | $425K | $477K |
| Franchise fee | $50K | $35K | $40K |
| Royalty | 5% | 5.7% | 6% |
| Brand fund | 1% | 2% | 2% |
| 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 |
|---|---|---|---|---|
| 2020 | 0 (0) | 2 | 0 | 0 |
| 2021 | 0 (0) | 2 | 0 | 0 |
| 2022 | 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: MK Vision Center Franchising, LLC, 2023 filing, page 53
Where MK Vision Center locations are
At the end of 2022, MK Vision Center had locations in 1 state. The most are in New York.
- New York2
| State | Franchised | Company-owned | Total |
|---|---|---|---|
| New York | 0 | 2 | 2 |
Source: MK Vision Center Franchising, LLC, 2023 filing, page 53
Who owns MK Vision Center?
MK Vision Center franchises are sold by MK Vision Center Franchising, LLC. Its filing names no parent company.
From MK Vision Center Franchising, LLC’s 2023 filing, page 9.
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: MK Vision Center Franchising, LLC, 2023 filing, litigation on page 12, bankruptcy on page 12
MK Vision Center filings
The figures on this page come from MK Vision Center Franchising, LLC’s 2023 filing, issued May 16, 2023, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2023 filing | May 16, 2023 | NASAA depository | Costs, fees and locations, 2020–2022 |
Each link opens the filing as a PDF. See the newest filings across all brands.
