Waterloo Public Library Digital Collections

Waterloo Chronicle (Waterloo, On1868), 2 Mar 1988, p. 13

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Bev Conquest â€" Chronicle Staff At age 22, David Brett Wilâ€" liams is the owner of Inova Opticians, and is two months away from graduating from the University of Waterloo with a degree in Kinesiology. M Bs ies Ont i L7 Dismayed by the lowâ€"paying job opportunities in that field â€" one advertisement offered $12,200 to a fouryear graduate â€" he exâ€" plored other opportunities and invested in an Inova Opticians franchise. The franchise at 60 University Ave. E. cost about $75,000, he said, $54,000 of which he received from New Ventures and business improvement loans which must be paid back at primeâ€"plusâ€"oneâ€" perâ€"cent. It‘s a turnkey operation _ and the company provides everyâ€" thing â€" optical equipment, 350 pairs of glasses, trial contact lenses, invoices, cash box â€" evâ€" erything, but the coffeeâ€"maker in the price of the franchise. Once annual sales reach $120,000, seâ€" ven per cent royalties are paid to the company. What‘s "really different" about the store is the $89 price tag on all single vision glasses regardâ€" less of the necessary correction (biâ€"focals cost $135) and the oneâ€" price package for contact lenses. People know the cost in advance, Brettâ€" Williams commented, and don‘t have to worry about "bait‘n‘switch‘"‘ techniques. Inova sells women‘s, men‘s and children‘s styles. He sells more glasses to women than to men. "Women tend to be pickier and change glasses more often," he said. Because Inova Opticians Inc., own their own "stateâ€"ofâ€"theâ€" art" lab, middlemen costs are eliminated. On an average order he estimated oneâ€"third to oneâ€"half of the cost goes into supplies and equipment. The company Was founded about twoâ€"andâ€"aâ€"half years ago around Ottawa with the head office located in Nepean. The Waterloo location is the 12th franchise at 65 University ‘sees‘ a bright future Specials with presentation of this db U""‘Y Sfecials in effect to Mar. 3188 Not valid with Frank or to be used with any other Cnomneumermenmnmmmmenrenrntnetiat lt en David Brettâ€"Williams is the busy young owner of an Inova Opticians franchise on University Ave. E. _ Sev Conquest photo franchise and the company has plans for rapid growth, Brettâ€" Wilâ€" liams said. In fact, they would like to open "two stores every month for the next one or two years." They plan to circle Toronâ€" to before breaking into the Toronâ€" to market. The initial capital for the comâ€" pany was provided by 27 invesâ€" tors, and in order to raise more for expansion the company is listed on the Vancouver Stock Exâ€" change. The extra capital will allow for expansion so the comâ€" pany can "fight with the big the company has gro §AD Lcfi 570 o gAD NO\N ‘5’1?-.50 rro: 555 NO\N §27 50 rEoâ€" «70 NO\N §35 50 COLO\)R R\NSE eC 528 NO\N 5\8.00' @cGâ€" PrJ REC‘- 550 poe on 5 gu) & STVLE wol \NCLUD‘ \N\TH ABO\IE SPEC\ALS Exclusively at: Totaf Image Conestoga‘ Mall guys." The optical market in Canada is a twoâ€"billionâ€"dollar a year industry, he said and over 60 per cent of that is controlled by of this ad only Imperial Optical Employed at the store are two opticians, one fullâ€"time and a receptionist. Projected sales this year are $160,000 Brettâ€" Williams said adding he expects the first year expenses to be fairly high. He intends to stay with the company and "open another store if L could and in the long, long run be on the board of directors." 886â€"5020 specials. wenint? sea®C Proceeds to Bursary and Scholarship Fund Price: $15.00 per person â€" Includes Cold Buffet For information contact Mr. Wittig or Mr. Smola at: 885â€"1 340 Contact us regarding information on: RARSPs + Annuities » RRIFs « GICs * Equity Funds * Life & Disability Insurance START YOUR 1988 RRSP NOW! R.G. Daiton & Associates Insurance Brokers Inc 550 King Street East Kitchener 576â€"2510 WATERLOO CHRONICLE, FIRST ANNUAL ST. DAVID CATHOLIC SECONDARY SCHOOL REUNION DANCE Saturday, May 21st, 1988 8:00 p.m.â€"1:00 a.m. at Waterlo6 K ot C Hall FRESH FLORIDA citrus rruit | RRSP TEMPLE ORANGES GRAPEFRUIT & PECANS while supplies last ORANGE BARN, MILLBANK Environment Ontario is proposing tundamental changes to the General Air Pollution Regulation (308) under the Environmental Protection Act. These proposed reforms are designed to improve air quality and reduce toxic fallout in Ontario by controlling pollution at the source . Members of the public, representatives of environment groups and industry, and anyone who has an interest in this issue are welcome to examine and comment on the proposals. OpPOSA‘®â€" _ _ _ .00 | o+ a nublic information meeting in PUBLIC INVITED TO COMMENT ON PROPOSED REFORMS TO AIR POLLUTION REGULATION pl d vindandcaitutt The ministry will host a public information Mmeetty "!* your area at the: Holiday Inn, East Hall 30 Fairway Rd. S. KITCHENER Thursday, March 17, 1988 Drop in session: 3 p.Mm. to 5 p.m. Formal session: 7:30 p.m. Ministry staff will be present at both meetings to answer your questions and receive your comments. CopiesofthodisCussionpapefonRogulafionmâ€" which outtines the new air emission control strategy and proposals for implementing that strategy â€" can be obtained in English or French by writing or calling: Public Information Centre (416) 323â€"4321 Ministry of the Environment 135 St. Clair Ave. West Toronto, Ontario Mm4V 1P5 The ministry also invites your written comments, critâ€" cisms and suggestions on the proposed reforms. Please submit them no later than March 31, 1988 to Jim Bradley, Minister of the Environment, at the above address. Ciean Aur Program Open Monday thru Saturday 9:00 â€" 5:00 p.m Evenings by appointment 1â€"595â€"4337 instalment plans for as little as $50 a month. Did you miss the boat for 1987? Still A Variety of Environment Ontario WEDNESDAY MARCH 2. NOTICE OF PUBLIC MEETING Quality Guaranteed" (next to the Chease Factory) 13

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