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Thread: US Optical Chains

  1. #1
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    Confused US Optical Chains

    Can anybody verify the following information on the U.S. optical chains and add something?

    <Sterling>
    1. Shop # : 110
    2. Established : 1907
    3. Roalty (% of Sales Amount) : 2 ~ 8%
    4. Fee (per $1,000): 10 ~ 20

    < Cohen>
    1. Shop # : 100
    2. Established : 1927
    3. Roalty (% of Sales Amount) : 10%
    4. Fee (per $1,000): 10

    <Pearle>
    1. Shop # : 800
    2. Established : 1961
    3. Roalty (% of Sales Amount) : 3 ~ 7%
    4. Fee (per $1,000): 25 ~ 30

    < Lenscraft>
    1. Shop # :
    2. Established : 1983
    3. Roalty (% of Sales Amount) :
    4. Fee (per $1,000):


    ???:)

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    What is a fee per $1000?

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    Quote Originally Posted by Reliable Optics View Post
    What is a fee per $1000?
    It means a fee per $1,000 sales amount. Usually, optical chains charge both roalty and fee.

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    Do you mean advertisement?

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    Redhot Jumper

    Key LensCrafters Financials


    Company TypeSubsidiary of Luxottica Retail -
    Main Headquarters
    Fiscal Year-EndDecember2007
    Sales (mil.)$881.1 (est.)
    2007 Employees 14,000





    Key Eye Care Centers of America Financials


    Company TypeSubsidiary of Highmark -
    Main Headquarters
    Fiscal Year-EndDecember2007
    Sales (mil.)$301.9 (est.)
    2007 Employees 4,800


    Full Report on Optometrist's and Opticians at : http://www.hoovers.com/optometrists-...le-basic.xhtml

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    Quote Originally Posted by Reliable Optics View Post
    Do you mean advertisement?
    I also wonder about the fee category. But it may not belonged to the advertisement cost becuase usually chain HQ share % base at the time of advertisement or promotion activity.
    :)

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    Who is this person??

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    Quote Originally Posted by Jacqui View Post
    Who is this person??
    Dean Butler.........looking to make a dramatic comeback?

    :cheers::cheers::shiner::cheers::cheers::D

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    Quote Originally Posted by eoptics View Post
    Can anybody verify the following information on the U.S. optical chains and add something?

    <Sterling>
    1. Shop # : 110
    2. Established : 1907
    3. Roalty (% of Sales Amount) : 2 ~ 8%
    4. Fee (per $1,000): 10 ~ 20

    < Cohen>
    1. Shop # : 100
    2. Established : 1927
    3. Roalty (% of Sales Amount) : 10%
    4. Fee (per $1,000): 10

    <Pearle>
    1. Shop # : 800
    2. Established : 1961
    3. Roalty (% of Sales Amount) : 3 ~ 7%
    4. Fee (per $1,000): 25 ~ 30

    < Lenscraft>
    1. Shop # :
    2. Established : 1983
    3. Roalty (% of Sales Amount) :
    4. Fee (per $1,000):


    ???:)
    Lenscraft Just raised their Royalty to %45!!!!

  10. #10
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    I guess the Roalty is Royalty and represents the amount in %of sales paid to the franchise?
    i.e. if you are a franchise holder you must pay your overhead, employees, rent, and whatever out of what's left after the franchisee get's whatever% off the top?

    Chip

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    Quote Originally Posted by chip anderson View Post
    I guess the Roalty is Royalty and represents the amount in %of sales paid to the franchise?
    i.e. if you are a franchise holder you must pay your overhead, employees, rent, and whatever out of what's left after the franchisee get's whatever% off the top?
    Every franchise agreement is different. The last one I worked for was based on your payments taken in or bank deposits. You paid a percentage of that. Which was better because it represented your actual cash for the month not sales that might not be completed or insurance payments that might come up short.

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    Quote Originally Posted by Fezz View Post
    Dean Butler.........looking to make a dramatic comeback?

    :cheers::cheers::shiner::cheers::cheers::D
    LOL
    :cheers:
    -Jim M.
    CT Licensed Optician, ABOC, NCLEC, FNAO, HFOAA

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    Maybe it's Jimmy Hoffa.

    This seems like an odd post. Not every store in each chain is a franchise. And from what I know from friends that have Pearle franchises, the percentages quoted are wrong. Most Sterlings and Cohens are not franchised. Not sure we are comparing apples to apples.

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    Quote Originally Posted by fjpod View Post
    Most Sterlings and Cohens are not franchised.
    All Lenscrafters are corporate owned.
    -Jim M.
    CT Licensed Optician, ABOC, NCLEC, FNAO, HFOAA

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    chains

    Eoptics, do you have a slow life or something, why would you want to know all this garbage

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    Quote Originally Posted by fjpod View Post
    Maybe it's Jimmy Hoffa.

    This seems like an odd post. Not every store in each chain is a franchise. And from what I know from friends that have Pearle franchises, the percentages quoted are wrong. Most Sterlings and Cohens are not franchised. Not sure we are comparing apples to apples.
    Slight correction: most Cohens are franchises now.

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    Quote Originally Posted by DocInChina View Post
    Slight correction: most Cohens are franchises now.
    And Probably Sterlings...

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    Confused What do you think about franchise optical's future?

    In spite of some benefits from franchise such as, as they said, buying power, reliablity to customers etc, do you think this business will be brighter?

    As far as I heard, the share of indipendent shops is around 57% and that of franchise is around 40%. Also, there has not been remarkable progress in optical franchise due to no real benefits to shop owners considering lots of restriction and heavy roalty, fee and basic guarantee money as well as slow response to changing optical environment.

    Do you think that it is true?

    I 'd like to listen your opinion respectfully.:)

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    Idea

    Quote Originally Posted by harry a saake View Post
    Eoptics, do you have a slow life or something, why would you want to know all this garbage
    I think he's a spy for the Evil Empire

  20. #20
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    Quote Originally Posted by Jacqui View Post
    I think he's a spy for the Evil Empire
    Jacqui: You need on line manners.
    "Generally, defamation is a false and unprivileged statement of fact that is harmful to someone's reputation, and published "with fault," meaning as a result of negligence or malice. State laws often define defamation in specific ways. Libel is a written defamation; slander is a spoken defamation.":finger:

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    Quote Originally Posted by eoptics View Post
    Jacqui: You need on line manners.
    "Generally, defamation is a false and unprivileged statement of fact that is harmful to someone's reputation, and published "with fault," meaning as a result of negligence or malice. State laws often define defamation in specific ways. Libel is a written defamation; slander is a spoken defamation.":finger:
    Jacqui passed the comment in jest. In fact most of us refer to Lux as the evil empire (even those who are customers of the evil empire).

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    Even the employees know it.

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