Sterling Optical FDD Summary
Type of Business
The Franchise being offered by EMERGING VISION, INC. (“EVI”) is for the operation of a retail optical center, generally being operated under the name STERLING OPTICAL, but which also may be operated under such other name as EVI may authorize or require, offering, for sale, prescription and non prescription eye wear and related items and services, which Centers, in most cases, offer the services of an employed or otherwise affiliated optometrist or other eye care professional and also receive and fill prescriptions for eyeglasses and contact lenses from unaffiliated optometrists and ophthalmologists.
Corporate Information
Emerging Vision, Inc. is a New York corporation. It was incorporated in January 1992 under the name Sterling Acquisition, Inc. It changed its name in 1992 to Sterling Vision, Inc. and, in April 2000, its name was changed to Emerging Vision, Inc. EVI currently maintains its principal business address at 520 Eighth Avenue, 23rd Floor, New York, New York 10018.
Investment
The total investment necessary to begin operation of a Sterling Optical franchised business is presently estimated to range from: $158,920 to $830,180, if your Franchise relates to a newly built Center; $66,660 to $2,110,180, if your Franchise relates to an existing Center which, at the time
you acquire your Franchise, is being operated by either EVI or another Franchisee; and $34,310 to $525,180, if you are converting your existing retail optical store to a Franchised Center.