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Franchise: Pearle Vision

Initial Investment
LOW:$400,324
HIGH: $605,230
Change in Units
-3.8% -21 UNITS (1 Year)
-12.1% -73 UNITS (3 Years)

Ongoing Support
Newsletter
Meetings
Grand Opening
Internet
Security
Field Operations
Marketing Support
Co-op Advertising
Ad Slicks
National Media
Regional Media

Training Onsite: 86 hours

Training at headquarters: 32 hours

Additional Training: Webinars

Number of employees required to run: 4

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.

Founded

1961

Franchising Since

1980 (37 Years)

Corporate Address

4000 Luxottica Pl. Mason, OH 45040

CEO

Alex Wilkes

Parent Company

Luxottica

Ticker Symbol

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S.

Financial Requirements

Initial Investment

$400,324 - $605,230

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

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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: August 23rd, 2017

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