Top 100 Franchises
2014
NYS Collection offers the latest in today’s eyewear without the high price tag typically associated with premium sunglasses. Founded in 1996 by two young entrepreneurs, Sal Babbino and Marc Behar, the company started with one retail location at the World Trade Center in New York City. Today, NYS Collection sunglasses are sold in more than 10,000 retail locations worldwide. In the last decade, the company has established itself as the leading eyewear provider for the specialty retail industry. NYS Collection Eyewear is currently offering franchise opportunities to entrepreneurs interested in being a part of a dynamic and rapidly growing organization. Regardless of your experience in eyewear or as a retailer, NYS Collection will provide you with all of the tools necessary to get started. We offer customized programs based on your budget and individual goals, and together we can find the right opportunity for you.
| Year | Franchised | Change | Company-Owned | Change | Total | Change |
|---|---|---|---|---|---|---|
| 2012 | 49 | 48.48% | 0 | -- | 49 | 48.48% |
| 2011 | 33 | -- | 0 | -- | 33 | -- |
| 2010 | 0 | -- | 0 | -- | 0 | -- |
Investment Required
The initial fee to purchase an NYS Collection Eyewear franchise is $15,000. NYS Collection Eyewear provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced. The figures below represent costs for a start-up custom kiosk.
| Item | Established Low Range | Established High Range |
|---|---|---|
| Franchise Fee | $15,000 | $15,000 |
| Occupancy Agreement (3 months) | $8,000 | $12,000 |
| Equipment (kiosk unit) | $30,000 | $35,000 |
| Office Equipment and Supplies | $1,000 | $2,000 |
| Software Fee | $1,000 | $2,000 |
| POS System | $1,000 | $1,000 |
| Business Licenses and Permits | $400 | $500 |
| Professional Fees | $500 | $1,500 |
| Initial Inventory | $6,000 | $10,000 |
| Insurance (3 months) | $375 | $500 |
| Expenses while Training | $1,125 | $2,700 |
| Initial/Local Marketing (3 months) | $950 | $1,500 |
| Additional Funds (3 months) | $15,345 | $15,698 |
| Total Initial Investment | $80,695 | $99,398 |
Ongoing Expenses
There is no royalty fee, however franchisees are required to pay an annual brand development fund fee of $1,250 and to spend at least $1,000 on annual local marketing expenditures.
What You Get: Training and Support
Franchisees will be enrolled in an initial training program to take place in Aurora, CO, or at an operating NYS Collection location. The course will consist of three to five days of both classroom instruction and on-the-job training. In addition, a representative will provide up to two days on on-site assistance during the opening of the franchised business. NYS Collection will continue to provide ongoing guidance and support regarding the operation of the franchise, as well as maintain the brand development fund and offer additional and refresher training when deemed necessary.
Territory
NYS Collection Eyewear does not grant exclusive territories.
Note: The tables and information regarding the number of operating units, investment required, ongoing expenses, training and territory grants were taken from the company's 2013 FDD.
