Vision Source LLC
Franchise research report · reviewed 2026 disclosure data
Researching Vision Source LLC franchise opportunities? Every figure below is cited to the FDD.
Vision Source operates as a network of independent optometry practices that benefit from collective buying power, shared marketing resources, and brand recognit
Headline figures
Vision Source LLC quick facts
- Is Vision Source LLC a franchise?
- Yes. Vision Source LLC offers franchises through a Franchise Disclosure Document. At the end of 2025, it reported 6,054 franchised and 0 company-owned outlets (2026 FDD, Item 20, PDF p. 32).
- How much does it cost to open a Vision Source LLC franchise?
- The Vision Source LLC Franchise Disclosure Document reports separate estimated initial investments by format: $100,000–$450,000 for total initial investment — new office (2026 FDD, Item 7, PDF p. 16); $500–$40,500 for conversion only (total initial investment — existing office conversion) (2026 FDD, Item 7, PDF p. 17). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
- What ongoing fees does Vision Source LLC charge?
- The disclosed ongoing royalty is 2.5% (2026 FDD, Item 6, PDF p. 12). Other recurring fees are listed in Item 6. Details
- Does Vision Source LLC disclose financial performance (Item 19)?
- No. The reviewed Vision Source LLC FDD states that it does not make a financial performance representation in Item 19. Details
- How many Vision Source LLC locations are there?
- The FDD reports 6,054 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 32). Existing locations do not indicate territory availability. Details
- Is Vision Source LLC a good franchise to buy?
- Franopolis does not rate or recommend franchises. From the reviewed FDD: Item 19 makes no financial performance representation, so ask current owners about results; Item 20 lists outlet openings, closures and transfers; Item 6 lists every recurring fee beyond royalty; Item 20 also lists current and former franchisees you can contact. Review the full FDD with a franchise attorney and accountant before deciding.
From reviewed FDD figures only. Not a recommendation or projection.
What the disclosures show
- 1The 2026 FDD (Item 7) estimates opening costs separately by format: $100,000 – $450,000 (Total initial investment — new office); $500 – $40,500 (Total initial investment — existing office conversion).
- 2The franchisor makes no financial performance representation in Item 19.
- 3Outlets grew by 56 in 2025, to 6,054 (United States, as labeled in the FDD, Item 20).
From reviewed FDD figures only. Not a recommendation or projection.
Costs · Items 5–7
What does it cost to open?
Estimated opening costs and the fees payable to the franchisor.
Startup Investment — Item 7
Range across 2 single-unit formats
2026 FDD · Item 7
Formats disclosed in Item 7 (2)
Each format has its own total. The total depends on the format you choose.
- existing office conversionPDF p. 17$500 – $40,500
- new officePDF p. 16$100,000 – $450,000
Ongoing Fees — Item 6
Selected recurring charges; payment bases and conditions remain attached to each fee.
- Royalty fee maximumMain ongoing fee
16 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.
Financial Performance — Item 19
What results are disclosed—and for which locations?
No financial performance representation in Item 19
The reviewed 2026 FDD for Vision Source LLC has no Item 19 figures on record. Franopolis does not estimate revenue or earnings in their place; ask the franchisor and current owners what unit-level information they can share.
Outlet Changes — Item 20
How has the outlet count changed?
United States, as labeled in the FDD · counts as of 2025 of each year.
2026 FDD · Item 20 · PDF p. 32
Net +70 outlets, 2023–2025
Year-end counts reported in Item 20. The scale starts at zero, so the line looks nearly flat; the labels between the dots show each year's change. Openings and closures for 2025 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.
Questions to investigate
Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.
For the franchisor
Which line items in the 2026 Item 7 estimate ($500 – $450,000) vary most by market, and why?
Vision Source LLC reports no financial performance figures in Item 19. What information can you share about unit-level results?
Reported units went from 5,998 to 6,054 in 2025. How many new units opened, closed or changed hands?
Is a territory available in my area, and how is it defined in my agreement?
For current and former owners
How did your actual startup costs and timeline compare with the Item 7 estimate?
How many hours a week do you work in the business, and in what role?
What support from the franchisor has been most and least useful?
For your advisors
Ask a franchise attorney to review the territory, renewal, transfer and termination terms.
Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.
Sources & vintage history
Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.
Citations (2026 FDD)
- [1]Outlet counts — Item 20, Table 1 · PDF p. 32
"PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page. Source document: FDD
Territory & operations
No territory or operating requirements have been reviewed yet.
2,875 addresses in Franopolis's imported location list. Coverage may differ from Item 20 outlet counts.
These are contract disclosures, not confirmation that any territory is currently available.
Legal & agreement
Franchisor financial statements
| Fiscal year | Measure | Reported value |
|---|---|---|
| 2024 | first american administrators, inc.: total revenues | $165,120,833 |
| 2024 | first american administrators, inc.: net cash from operating activities | $39,084,213 |
| 2024 | first american administrators, inc.: total assets | $527,946,301 |
| 2024 | first american administrators, inc.: total liabilities | $181,216,365 |
| 2024 | first american administrators, inc.: total shareholder’s equity | $346,729,936 |
| 2024 | first american administrators, inc.: net income | $62,392,980 |
| 2023 | first american administrators, inc.: total liabilities | $149,688,221 |
| 2023 | first american administrators, inc.: total assets | $434,025,177 |
| 2023 | first american administrators, inc.: total shareholder’s equity | $284,336,956 |
| 2023 | first american administrators, inc.: total revenues | $151,639,817 |
| 2023 | first american administrators, inc.: net income | $58,811,213 |
| 2023 | first american administrators, inc.: net cash from operating activities | $24,459,228 |
| 2022 | first american administrators, inc.: total revenues | $133,471,397 |
| 2022 | first american administrators, inc.: net income | $45,216,554 |
| 2022 | first american administrators, inc.: net cash from operating activities | $52,871,543 |
These figures describe the franchisor company, not individual franchise locations.
SBA-backed loans to franchisees
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Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.
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At a glance
Business history
Not reviewed
Owner participation
Not reviewed
Territory language
Not reviewed
Litigation disclosure
Not reviewed
Bankruptcy disclosure
Not reviewed
Agreement term
Not reviewed
Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.