Who We Are:
National Vision, Inc. (NVI) is the fourth largest optical retailer in the United States, operating over 700 retail locations in 44 states through the U.S. National Vision employs over 6,000 employees and our retail divisions include America's Best Contacts & Eyeglasses, Eyeglass World, Vision Centers inside select Wal-Marts, Vista Optical inside Fred Meyer and Optical Centers on select military bases.
At the current time National Vision has 50 retail stores located in prime space within military bases. All of these practices are mature, and have significant existing patient bases and we expect Kirtland to be a tremendous opportunity.
The practices are operated using the "Leased" mode of practice. The Optometrist sub-leases the space and equipment from NVI, and is responsible for all aspects of the practice regarding examinations.
The doctor’s business comes from the foot traffic and managed care (Tricare) members in the area. The doctor’s total revenue is generated from the eye exam and each patient is referred to the adjoining vision center to purchase their glasses, contacts and other complimentary products from the Vision Center.
With the lease opportunity each doctor is required to provide 40 to 48 hours of coverage, depending on the location. The exact terms of each lease will vary based upon the practice, and the regulations in that state.
As in all of the NVI retail locations, the training of both the retail and optometric staff is key in creating a successful environment that achieves our goal of growth with happy customers, patients and employees.
Please let me know if you would like to discuss the opportunity.