Pearle Vision
#58 Franchise 500| Eye care and eyewear

Pearle Vision
Eye care and eyewear

About
Founded

1961

Franchising Since

1980 (40 Years)

Corporate Address

4000 Luxottica Pl.
Mason, OH 45040

Leadership

Alex Wilkes, SVP & GM

Parent Company

Luxottica

Financial Requirements
Initial Investment

$77,695 - $644,264

Net-worth Requirement

$300,000

Liquid Cash Requirement

$100,000

Ongoing Fees
Initial Franchise Fee

$30,000 - $30,000

Ongoing Royalty Fee

7%

Ad Royalty Fee

8%

Financing Options

Pearle Vision offers in-house financing to cover the following: inventory

Pearle Vision has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Veteran Incentives

20% off franchise fee

Support Options
Ongoing Support

Newsletter

Meetings/Conventions

Toll-Free Line

Grand Opening

Online Support

Security/Safety Procedures

Field Operations

Site Selection

Proprietary Software

Franchisee Intranet Platform

Marketing Support

Co-op Advertising

Ad Templates

National Media

Regional Advertising

Social media

SEO

Website development

Email marketing

Loyalty program/app

On-The-Job Training:

160 hours

Classroom Training:

85 hours

Additional Training:

Webinars

Number of Employees Required to Run:

4

Pearle Vision is ranked #58 in the Franchise 500!
Bio
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.
Cost
Initial Investment: Low - $77,695 High - $644,264
Units
-0.9%-5 UNITS (1 Year) -1.1%-6 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units throughout the U.S. and in the following regions/states: Canada

Franchise Articles

I Tried Burger King's New Veggie Burger in Mexico. Here's What Happened.

The fast food company in partnership with Unilever's The Vegetarian Butcher introduced the Whopper Vegetal.

Focus on These KPIs for Franchise Success

A close look at some of the most important metrics you should consider.

Lockdowns Hit Schools, but Maple Bear Not Only Survived - It Grew

The key has been adapting to the circumstances.

... Are We Really All on the Same Page About Passing Down the Family Business?

Set up structures in advance and communicate clearly so things don't get awkward later.

Busting the Myths of Franchising

It's important to balance challenges with something personally meaningful.

Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.
Updated: October 21st, 2020