Pearle Vision

Pearle Vision

Eye care and eyewear
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2022 Franchise 500 Rank
#45 Ranked #32 last year
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Initial investment
$70K - $848K
Units as of 2022
571 8.8% over 3 years

Here’s what you need to know if you’re interested in opening a Pearle Vision franchise.

See clearer and get started with your own Pearle Vision franchise! The perfect candidate for a Pearle Vision franchise is one with a passion for affordable and quality healthcare and a drive for business. Starting in 1961, Dr. Stanley Pearle had a true vision of genuine eye care. From the 20th century into the 21st, Pearle Vision has proven to be one of the largest franchised optical retailers in North America. 

Pearle Vision offers eye care services as well as affordable eyewear. With more than 500 locations–over 400 of which are run by franchisees–they are committed to providing communities with eye care and quality products. You do not need to be an optician or optometrist to run a Pearle Vision franchise. Pearle Vision will provide you with the training you need to run a business. Pearle Vision hopes for all to feel comfortable, heard, and accepted while undergoing eye exams that can be nerve-wracking for many people.

Why You May Want to Start a Pearle Vision Franchise

Pearle Vision is under the Luxottica umbrella and tends to offer a couple of luxury brands and designer frames for relatively cheap costs. This gives the company a strong market hold, as they have carved out a niche. Becoming a franchisee to a Pearle Vision franchise means that you may have the chance to provide comfortable and beautiful eyewear to the masses at a relatively affordable rate. 

You may get to be part of the essential eye care industry by providing eye checkups and more. Pearle Vision strives to be a patient-first healthcare brand. Pearle Vision values vision and seeks to give genuine care to those they serve. They have developed a system with pillars like strong branding and a sterling reputation.

What Might Make a Pearle Vision Franchise a Good Choice?

To be part of the Pearle Vision team, you should make sure you are financially ready for an initial investment made up of a franchise fee and other startup costs. You should also be prepared for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the Pearle Vision franchise's set net worth and liquid capital requirements. 

Pearle Vision has a well-established supply chain and the added benefit of Luxottica’s market power. Owning a Pearle Vision franchise may offer you scalability and growth potential in a stable industry. Pearle Vision is also community-based and can be thought of as your neighborhood eye care service being local and genuine. 

How to Open a Pearle Vision Franchise

If your net worth and available liquid capital match the brand’s requirements, you may qualify to open a Pearle Vision franchise. To get started, you may submit a franchise inquiry form. 

As you decide if you wish to open a Pearle Vision franchise, you may want to reach out to an attorney or financial planner in order to assure that you have the necessary funds to open a franchise. You should also make sure to take time to explore the opportunity. Research the brand and your local area to see if a Pearle Vision franchise would do well in your community. If there are already multiple businesses that cater to eye care in your area, you may want to rethink your decision. Clear up your sight with Pearle Vision by submitting a franchise inquiry form today!

Find Your Perfect Franchise

Company Overview

About Pearle Vision

Founded
1961
Parent Company
Luxottica
Leadership
Kathleen Steele, SVP & GM

Franchising Overview

Franchising Since
1980 (42 years)
# of employees at HQ
67
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees in the following international regions: Canada

# of Units
571 (as of 2022)

Franchisor Information

Social
Facebook
Corporate Address
4000 Luxottica Pl.
Mason, OH 45040

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Pearle Vision franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee
$30,000
Initial Investment
$70,195 - $848,384
Net Worth Requirement
$300,000
Cash Requirement
$100,000
Veteran Incentives
20% off franchise fee
Royalty Fee
7%
Ad Royalty Fee
8%
Term of Agreement
10 years (co-terminus w/lease)
Is franchise term renewable?
Yes
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Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

In-House Financing
Pearle Vision offers in-house financing to cover the following: inventory
Third Party Financing
Pearle Vision has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training
285 hours
Classroom Training
95 hours
Additional Training
Webinars
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
Marketing Planning & Support
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
4
Are exclusive territories available?
Yes
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Interested in franchise ownership like Pearle Vision? Request a free consultation with a Franchise Advisor now.

Franchise 500 Ranking History

Compare where Pearle Vision landed on this year’s Franchise 500 Ranking versus previous years.

Stock History for Pearle Vision

Ticker Symbol for Pearle Vision: ESLOF

Additional Rankings

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021