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Pearle Vision

2014 Franchise 500
#112
At a Glance

Products & Services: Eye care and eyewear

Number of Locations: 604

Total Investment: $294.1K - $504K

Founded: 1961

Began Franchising: 1980

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
2013 352 14 0 238
2012 343 9 0 289
2011 346 2 0 322
2010 362 0 0 378
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S. and Canada.

Startup Costs, Ongoing Fees and Financing

Total Investment: $294,093 - $504,019
Franchise Fee: $30,000
Ongoing Royalty Fee: 7%
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
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

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

Franchise 500®: #112 (2014), #160 (2013), #111 (2012), #108 (2011), #103 (2010),
America's Top Global: #141 (2013), #93 (2012), #91 (2011),