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- 2022 Franchise 500 Rank
#45 Ranked #32 last year
- 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!
About Pearle Vision
- Franchising Since
- 1980 (42 years)
- # of employees at HQ
- 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)
- 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
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
- Initial Investment
- $70,195 - $848,384
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
- Net Worth Requirement
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
- Cash Requirement
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- Veteran Incentives
- 20% off franchise fee
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
- Royalty Fee
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
- Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
- Term of Agreement
- 10 years (co-terminus w/lease)
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
- Is franchise term renewable?
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
- Ongoing Support
NewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingMarketing Planning & SupportSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Additional details about running this franchise.
- Is absentee ownership allowed?
Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations.
- Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
- Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
- # of employees required to run
- Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
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.
Curious to know where Pearle Vision ranked on other franchise lists? Find out below.
Are you eager to see what else is out there? Browse more franchises that are similar to Pearle Vision.
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