My Eyelab Signs Agreement to Open Nine New Locations in Oklahoma and Texas With Multi-Unit Franchise Private Equity Group

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OKLAHOMA CITY, Okla.—My Eyelab, a retail brand of Now Optics, has signed an agreement that will bring five new franchise stores to Oklahoma City and four to the Dallas/Fort Worth markets, according to an announcement this week. This expansion over the coming months will be driven by Brad Rodman, a current franchisee, in partnership with the Chunara Group of Companies, a private equity group based in Atlanta, the announcement noted. Chunara Group currently has ownership in more than 100 retail or food service locations across the following brands: Dunkin’, Checkers, Church’s Chicken, Popeyes, Take 5 Oil Change, Stoners Pizza, Kale Me Crazy, and TGI Fridays.

The deal will bring five new My Eyelab locations to Oklahoma City and four stores to the Dallas/Fort Worth market. The new stores will feature an experience focused on convenience with a design that highlights the latest technology and offering a myriad of services, including complete eye exams on-site and walk-in appointments.

“We are excited to be joining a brand that has great unit economics, low start-up costs and low ongoing operating costs with an intent on serving a wide array of consumers looking for a dependable place to find a pair of glasses, contacts, and other eyewear,” Shehzaan Chunara, vice president of Chunara Group of Companies, said in the announcement. “This is a game-changing brand which will be at the forefront of telemedicine for optical needs, and we believe telehealth to be a huge part of the future.”

Under the leadership of founder and chief executive officer Daniel Stanton, My Eyelab has taken a leading position in ocular telehealth by leveraging proprietary innovative software technology to provide patients with affordable frame designs and eye exams. To date, the company said it has conducted more than 1 million telehealth eye exams.

In addition to Oklahoma City and Dallas/Fort Worth, My Eyelab has 42 franchise stores and is on track to have 55 franchise units operating by year end. The new openings and signings in 2020 mark a 40 percent year-to-date growth rate over last year for My Eyelab, with 23 units currently in development.

Between sister brands My Eyelab and Stanton Optical, Now Optics expects to have 200 stores by the end of the year, according to the announcement.

This expansion over the coming months will be driven by Brad Rodman, a current franchisee, in partnership with the Chunara Group of Companies, a private equity group based in Atlanta.