Bottom line
- Total investment $500 – $450K including a $0 franchise fee.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated STRONG with a risk score of 46/100. SBA loan default rate of 0.0% across 46 loans (below the industry average).
- No Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.
Item 1 · who you're contracting with
The Franchisor
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one VISION SOURCE unit return on the cash you put in?
Unlevered ROIC · per unit
47%
In Yale's "attractive" band (30–60%)
Overview
About
Vision Source franchisees typically operate independent eye care practices, offering optometric exams, eyeglass prescriptions, contact lens fittings, and retail eyewear sales. Franchisees leverage the Vision Source brand network for marketing support, vendor relationships, and clinical best practices while maintaining independent business operations. Daily operations involve patient care delivery, inventory management of frames and lenses, staff supervision, and compliance with optometry licensing regulations.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 4 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Vision Source presents moderate-to-cautionary risk with a stagnating franchise system, undisclosed unit economics, recent litigation activity, and unclear investment transparency despite a zero franchise fee and protected territory.
Score breakdown · what drove the 46 / 100 rating
- 01MINORSystem declining with only 0.9% YoY unit growth despite 3,027 locations, indicating market saturation or franchisee dissatisfaction
- 02MINORFour collection lawsuits initiated in FY2025 suggest cash flow problems among franchisees or aggressive franchisor enforcement tactics
- 03MEDNo disclosed average revenue or net income (missing Item 19) prevents proper ROI analysis and suggests franchisor may be hiding unfavorable unit economics
- 04MINORWide investment range ($500-$450,000) lacks clarity on what drives cost variance and actual startup requirements
- 05MINORStagnant growth in optometry/vision care market with increasing competition from retail chains (Warby Parker, Zenni, retail optometrists)
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
98 numbers
One-time purchase · CSV download · Validation questions included
FDD download
VISION SOURCE · FDD (2026) PDF