Pearle Vision

Pearle Vision

Eye care and eyewear
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2021 Franchise 500 Rank
#32 Ranked #58 last year
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Initial investment
$70K - $650K
Units as of 2021
562 6.0% over 3 years

Company Overview

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.

About Pearle Vision

Industry
Health
Founded
1961
Parent Company
Luxottica
Leadership
Alex Wilkes, SVP & GM
Ticker Symbol
ESLOF

Franchising Overview

Franchising Since
1980 (41 years)
# of employees at HQ
67
# of Units
562 (as of 2021)

Franchisor Information

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 - $650,089
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

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
160 hours
Classroom Training
85 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

Franchise 500 Ranking History

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

Additional Rankings

Curious to know where Pearle Vision ranked on other franchise lists? Find out below.

Ranked #32

Franchise 500 Ranking

Ranked #110

Fastest-Growing Franchises

Ranked #35

Top Global Franchises

Ranked #47

Top Franchises for Veterans

Ranked #100

Fastest-Growing Franchises (U.S. & Canada)

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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