
Vision Source
Wellness & Personal Care · Medical Clinics
- Royalty
- 2.5%
of weekly Net Sales
About Vision Source
Vision Source is a leading network of independent optometrists in the United States. Founded in 1991, Vision Source aims to provide high-quality eye care services to patients through its network of member optometrists. The company's headquarters is located in Kingwood, Texas, United States. The main products and services offered by Vision Source include comprehensive eye examinations, prescription eyewear, contact lenses, and treatment for various eye conditions. They also offer a wide range of eyewear options, including frames and sunglasses, from top brands in the industry. Vision Source optometrists utilize advanced technology and equipment to provide accurate diagnoses and personalized treatment plans for their patients. On a global scale, Vision Source primarily operates in the United States. However, the company has expanded its presence internationally through partnerships with several eyecare organizations in countries such as Canada, Australia, and Mexico. These partnerships allow Vision Source to extend its services and network to a broader customer base and provide access to quality eye care worldwide. Vision Source does not have any noteworthy subsidiaries, joint ventures, or major partnerships as of the latest available information. In terms of market position, Vision Source is considered one of the largest networks of independent optometrists in the United States. Its extensive network of member optometrists and commitment to excellent patient care have helped the company establish a strong foothold in the industry. Vision Source competes with other eyecare providers and eyewear retailers in the market, such as LensCrafters, Pearle Vision, and Walmart Vision Center. Noteworthy events in Vision Source's history include the expansion of its network, the implementation of advanced technology in optometry practices, and the introduction of new eyewear brands and designs. These events have contributed to the company's growth and increased its reputation as a trusted provider of comprehensive eye care services. As of the latest information available, Vision Source continues to expand its network and improve its services to meet the evolving needs of patients. The company remains focused on offering high-quality eye care and maintaining its position as a leading provider in the eyecare industry.
Key terms
- Franchise fee
$0
- Veteran discount
Not offered
Brand Percentile Rankings
Rankings compare brands in the same operating year. Fee and investment figures come from the FDD (2026 filing); filings on file: 2025, 2026.
Growth
- Total locations3027
Franchised units open at year-end
- New openings—
Gross new units opened during the calendar year
- 1-year unit growth rate0.9%
Net unit growth versus prior year
- 3-year unit CAGR0.6%
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio—
Cumulative opens / closures through year-end
Unit economics
- Annual unit volume (Median)—
Per FDD Item 19 disclosure
- Annual unit volume (25th percentile)—
Per FDD Item 19 disclosure
- Annual unit volume (75th percentile)—
Per FDD Item 19 disclosure
- 1-year Median AUV growth rate—
Year-over-year change in median AUV
- Store-level EBITDA Margin—
Median unit-level EBITDA / AUV
Investment profile
- Estimated initial investment$275k
Midpoint of estimated initial investment range
↓ Lower is better - Time to open—
Midpoint of average time from agreement to opening
- Royalty rate2.5%
Percent of net sales paid to the franchisor
↓ Lower is better - Sales-to-investment ratio—
Median AUV / estimated initial investment midpoint
- Cash-on-cash returns—
Median unit-level EBITDA / estimated initial investment midpoint. Steady-state estimate; year 1 returns will be lower as the unit ramps to median volumes.
Franchisee healthLocked
- Unit closure ratio
- Transfer vs. closure ratio
- Percent multi-unit franchisees
- Litigation rate
- EBITDA multiple on sales & transfers
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