Vision SourceFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A VISION SOURCE franchise requires a total initial investment of $500 – $450K. The 2026 FDD does not disclose unit-level revenue (no Item 19). SBA 7(a) loans show a 5.9% charge-off rate across 29 loans[1]. Verdict grade: F. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2026 FDD issuance
Overview
- Investment
- $500 – $450K
- 0th pct Healthcare
- Avg gross sales
- N/A
- 48th pct Healthcare
- Royalty
- N/A
- Units
- 3,027
- 78th pct Healthcare
- SBA default
- 5.9%
- system-wide median varies by category
Quick verdict · Healthcare · color = vs category peers
Green = >15% above Healthcare avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Franchising since 1996. Systems this mature have refined operations and brand recognition.
Large franchise systems benefit from brand recognition, supply chain leverage, and proven operations.
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.
- Verdict F (Bottom Quintile) with a risk score of 94/100. SBA loan charge-off rate of 5.9% across 29 loans (near or below the 16% franchise average, based on all SBA 7(a) franchise lending, 2010–2024).
- 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
- Legal entity
- VISION SOURCE, LLC
- Parent company
- EDA Corporation
- Incorporated in
- TX
- HQ
- 23824 Highway 59 North, Kingwood, Texas 77339
- Auditor
- Ernst & Young LLP
- Audited financials
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.
- CEO
- Matteo Accornero
- Headquarters
- TX
- Founded
- 1996
- FDD year
- 2026
- States available
- 51
FDD Item 7 · 2026 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Working capital (3–6 mo) | $0 | $90K |
| Equipment, build-out, other | $500 | $360K |
| Total initial investment | $500 | $450K |
Source: VISION SOURCE 2026 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $500 – $450K
- Better than avg vs category
- Liquid capital req'd
- $0 – $90K
- Better than avg vs category
- Franchise fee
- N/A
- Better than avg vs category
- Royalty
- Up to 2.50% of Gross Receipts
- Ad fund
- 0.0%
- typical 3–5%
- Total fee load
- 2.5%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Marketing / ad fund | 0.0% of gross sales |
| Total fee load | 2.5% of rev |
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
vs Healthcare averages
How Vision Source Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 3,027
- Opened
- 188
- Last reporting year
- Closed
- 160
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Net growth (yr3)
- +0.9%
- Net unit change last year
- 3-yr CAGR
- +1.2%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 31
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 50 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 contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 29
- Loan volume
- $21.5M
- Median loan
- $449K
- 50th percentile
- Charge-off rate
- 5.9%
- rates vary by category · see methodology
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- 94.1%
- 5-yr charge-off
- 0.0%
- Loans approved 2021+
- Active lenders
- 25
- Defaults
- 1
Vintage analysis
Vision Source charge-off rate by loan vintage
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Vision Source's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 10 lenders with concentration factor
- Per-state charge-off rates across 15 states
- Startup risk premium and job creation velocity
- 14-year lending trend
- SBA 504 real estate/equipment data
Instant access. No subscription.
Risk analysis
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.
Audited financials (Item 21)
Yes · Ernst & Young LLP
Score breakdown · what drove the 94 / 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
| Initial term | 5 years |
|---|---|
| Renewal term | 5 years |
| Territory type | Boundary-based |
| Protected territory | Yes |
| Online sales rights | Granted |
| Franchisor can compete | Yes |
| Hire a manager? | Not allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 3 years |
| Right of first refusalℹ | No |
| Termination notice | 15 days |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | Varies |
| Litigation count | 4 |
Items 10, 11
Training & Operations
- Classroom training
- 0 hrs
- On-the-job training
- 0 hrs
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
2,948 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
VISION SOURCE · FDD (2026) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a VISION SOURCE franchise?
The total investment to open a VISION SOURCE franchise ranges from $500 – $450K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do VISION SOURCE franchise owners earn?
VISION SOURCE does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is VISION SOURCE's franchise failure rate?
Based on SBA 7(a) loan data, VISION SOURCE has a charge-off rate of 5.9% across 29 loans, meaning 5.9% of franchise loans were charged off. Charge-off rates are one proxy for franchise risk, though they do not capture all closures. This data comes from FOIA-sourced SBA lending records.
How many VISION SOURCE franchise locations are there?
As of their most recent FDD filing, VISION SOURCE has 3,027 total units in the United States, including 2,992 franchised units and 0 company-owned units. 188 new units were opened in the latest reporting year.
Is VISION SOURCE a good franchise to buy?
FranchiseVerdict rates VISION SOURCE as a F-grade franchise with a risk score of 94 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.