US Optical Chains

[eoptics]

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):


???:)

[Reliable Optics]

What is a fee per $1000?

[eoptics]

What is a fee per $1000?

It means a fee per $1,000 sales amount. Usually, optical chains charge both roalty and fee.

[Reliable Optics]

Do you mean advertisement?

[Chris Ryser]

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

[eoptics]

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.
:)

[Jacqui]

Who is this person??

[Fezz]

Who is this person??

Dean Butler.........looking to make a dramatic comeback?

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

[LENNY]

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!!!!

[chip anderson]

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

[cocoisland58]

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.

[jjm_1965]

Dean Butler.........looking to make a dramatic comeback?

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

LOL
:cheers:

[fjpod]

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.

[jjm_1965]

Most Sterlings and Cohens are not franchised.

All Lenscrafters are corporate owned.

[harry a saake]

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

[DocInChina]

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.

[LENNY]

Slight correction: most Cohens are franchises now.

And Probably Sterlings...

[eoptics]

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.:)

[Jacqui]

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

[eoptics]

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:

[DocInChina]

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).

[NavyChief]

Even the employees know it.