MK Vision Center Franchising

Franchise agreement

You agree to establish, maintain, and utilize at your own expense a bookkeeping, accounting, or recordkeeping system designated by us in the Operations Manual or otherwise in writing from time to time.

Franchise agreement

Franchisee acknowledges that we will have access to information stored in your computer system and that, through us, such information may be shared with other MK Vision Center franchisees in order to facilitate marketing efforts and improve communication and cooperation within the System.

Franchise agreement

Within forty-five (45) days after the end of each fiscal quarter, unaudited profit and loss, balance sheet, and cash flow statements for the Franchised Business, and unaudited profit and loss statements for each Center in the Territory for the immediately preceding fiscal quarter and a year-to- date unaudited balance…

Item 8

We or our affiliates are the Approved Supplier for certain lenses, frames, and inventory necessary to operate your Center.

Item 8

We may, at any time, in our discretion, change, delete, or add to any of our specifications or quality standards.

Item 8

Neither we or our affiliates have received any revenue, rebates or other material consideration from franchisee required purchases as of the issuance of this disclosure document.

Item 8

We estimate that the cost to purchase and lease all equipment, inventory and other items and services that we require you to obtain from us or our affiliates, from designated suppliers, or in accordance with our specifications ranges from 80% to 90% of the total cost to purchase and lease equipment, inventory, and…

Item 8

You agree to pay us an amount not to exceed the reasonable cost of the inspection and our actual cost of testing the proposed product or evaluating the proposed service or service provider, including personnel and travel costs, whether or not the item, service, supplier, or service provider is approved.

Item 8

If you would like to offer products or use any supplies, Operating Assets, or services that we have not approved or to purchase or lease from a supplier or service provider that we have not approved, you must submit a written request for approval and provide us with any information that we request.

Franchise agreement

You shall execute all such documents and perform all such acts as may be required to promptly assign to us the telephone numbers used in the operation of the Center.

Franchise agreement

You must at all times be in compliance with (a) the Payment Card Industry Data Security Standards (as they may be modified from time to time or as successor standards are adopted); (b) the Fair and Accurate Credit Transactions Act; (c) regional, national, and local laws and regulations relating to data and personal…

Franchise agreement

We may conduct, as we deem advisable in our sole discretion, inspections of any Centers and your operation of the Franchised Business at any time during your regular business hours and with or without notice to you.

Franchise agreement

We may from time to time revise the contents of the Operations Manual, and you expressly agree to comply with each new or changed standard.

Item 11

All Center sites must be approved by us.

Item 11

You are not authorized to have a website for your Franchised Business or to have a webpage related to your Franchised Business in any third-party website, including, without limitation, social networking sites.

Franchise agreement

You must spend between $10,000 to $20,000 to implement a grand opening marketing plan beginning 3 months before the scheduled opening of the Franchised Business and the 1 month after opening the Franchised Business in accordance with a plan that is approved by us.

Item 11

You must spend at least 1% of Gross Sales per month on local marketing activities (the “Marketing Spending Requirement”), although we recommend you spend in the range of 3% of Gross Sales on local marketing activities.

Franchise agreement

If a Cooperative has been established in your area prior to opening the Franchised Business, you shall become a member of the Cooperative no later than thirty (30) days after opening the applicable Center.

Item 8

You must purchase all exam equipment and certain lenses, frames, and inventory from the provider we require, which may be us.

Item 8

You must purchase all exam equipment and certain lenses, frames, and inventory from the provider we require, which may be us.

Franchise agreement

We may require you to purchase merchant processing services from us, our affiliates, or a vendor that we have approved or designated, each of who may charge a reasonable monthly fee and reasonable per transaction fee.

Item 6

As of the date of this Disclosure Document, we require payment by Automated Clearing House (ACH), or electronic funds transfer and you must designate an account at a commercial bank of your choice and furnish the bank with authorizations at the time of signing your franchise agreement to permit us to make withdrawals…

Item 11

You will follow our guidelines concerning the acceptance and reimbursement of gift certificates, gift cards, coupons, corporate discounts, and other promotional programs as we set forth from time to time in the Manuals or otherwise in writing.

Item 15

At all times that your Franchised Business is open for business, it must be under the personal supervision of either you, your Operating Principal, your Key Manager, or a trained attendant.

Item 7

You are required to purchase uniforms from our approved supplier.

Item 8

You must purchase and subscribe to a point-of-sale (POS) system software and hardware from the Approved Supplier we designate.

Item 11

You, at all times, must give us unrestricted and independent electronic access (including users IDs and passwords, if necessary) to the Computer System for the purposes of obtaining the information relating to the Franchised Business.

Item 11

The Computer System currently includes a minimum of two (2) Windows-based computers (one for testing and one for back-office work), a printer, a phone, the internet, one credit card processor, and the required CRM and POS and related hardware and software from our designated vendors.

Item 11

We may charge a reasonable fee for each trainer assigned to your Franchised Business and any remedial training, including our reasonable travel, and living expenses related to providing remedial training.

Franchise agreement

We reserve the right to require you (or your managing shareholder, partner, or member) and certain of your management-level employees to attend an annual national or regional meeting, seminar, or convention for franchisees for training or business purposes.