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At a Glance
Products & Services: Eye care & eyewear
Number of Locations: 670
Total Investment: $202.26K - 577.1K
Founded: 1961
Began Franchising: 1980
Public Owned
About Pearle Vision
In 1961, Dr. Stanley Pearle began the concept of one-stop, total eye care with the opening of the Pearle Vision Center in Savannah, Georgia. There he combined complete eye exams with an extensive selection of eyewear. Then, in 1981, Pearle Vision began offering franchises to select doctors and opticians. Today, Pearle Vision is owned by Luxottica.Franchise Units
| Year | U.S. | Canadian | International | Company Owned |
| 2011 | 346 | 2 | 0 | 322 |
| 2010 | 362 | 0 | 0 | 378 |
| 2009 | 387 | 0 | 0 | 416 |
| 2008 | 402 | 0 | 0 | 496 |
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S. and Canada.
Startup Costs, Ongoing Fees and Financing
Total Investment: $202,258 - $577,103
Franchise Fee: $30,000
Ongoing Royalty Fee: 5.5%
Term of Franchise Agreement: 10 years (co-terminus w/lease), renewable
Franchise Fee: $30,000
Ongoing Royalty Fee: 5.5%
Term of Franchise Agreement: 10 years (co-terminus w/lease), renewable
Financial Requirements
Net Worth: $300,000
Liquid Cash Available: $100,000
Operations
55% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 4. Absentee ownership of franchise is NOT allowed. (97% of current franchisees are owner/operators).| Financing Type | In-House | Third Party |
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How This Franchise Supports Franchisees
Training: Available at headquarters: 5 days. At franchisee's location: 10 days. Webinars
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives,
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,
Other marketing support: TV, radio, print, social media
Franchise Ranking History
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