The Franchise offered is for a "PEARLE VISION" retail optical EyeCare Center, operated (unless prohibited by law) in conjunction with an optometric or ophthalmologic office. Each Pearle Vision EyeCare Center dispenses prescription eyeglasses, sunglasses, and contact lenses, and may have an on-site finishing laboratory that allows the Licensed Owner to produce a complete pair of eyeglasses on site for a significant percentage of prescriptions. Pearle Vision EyeCare Centers may also sell non-prescription sunglasses, contact lens solution, accessories, and other ancillary items (such as reading glasses and magnifying glasses) that are approved by the franchisor.
Company Background
Pearle Vision is the world's largest retailer of eyeglasses, sunglasses and contact lenses. Founded in 1968 by Dr. Pearle, the company has grown to become a leading provider of eye care products with over 1,800 retail locations worldwide. The Company offers its customers an array of designer brand name frames at affordable prices backed by exceptional customer service through its network of licensed operators who are optometrists or ophthalmologists that are onsite at each store location. Pearle Vision also provides vision insurance coverage for prescription glasses and contacts via EyeMed Vision Care Plans which it administers to more than 1 million members nationwide. With this partnership, Pearle Vision becomes one of the first retailers ever to offer both product
Franchise Opportunity
It's no secret that Americans need eyeglasses. In fact, according to the National Eye Institute, an estimated 54 million American adults have some form of vision impairment. This number is only going to continue to grow as the population ages. Pearle Vision offers a unique and affordable optical franchise opportunity that is perfect for anyone looking to enter the eye care industry. With over 700 locations across the United States, Pearle Vision is a trusted and well-recognized brand in the optical industry.
Corporate Structure
Luxottica of America Inc. is an Ohio corporation doing business under the name Luxottica of America Inc., f/k/a Luxottica Retail North America Inc., and “Pearle Vision” or “Pearle.” The name change from LRNA to LOA was effective as of December 31, 2018. Their principal business address is 4000 Luxottica Place, Mason, Ohio 45040.
Earnings Transparency
7 /10
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry
Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet
Financial Performance of "Standard" Units
Average Revenue Per Unit
Compared vs. Health & Fitness Industry
$1,011,500 / unit
Franchise Type: Standard
Average Revenue During 2020
$1,011,500
$134,312 Industry Low
$4,665,709 Industry High
Average Gross Profit Per Unit
Compared vs. Health & Fitness Industry
$722,500 / unit
Franchise Type: Standard
Average Gross Profit During 2020
$722,500
$164,834 Industry Low
$1,046,263 Industry High
Franchise Types Available
#
Type
Investment
Fees
Employee Contact Database
#
Name
Position
Phone Number
Email Address
Distribution of Pearle Vision Franchisees
Pearle Vision Franchise System Development in 2022
FAQ
How much investment do I need to start my own Pearle Vision business?
Franchisees typically require at least $639 to $978 investment to get their Pearle Vision business started
What are the initial franchise fees for Pearle Vision?
Franchisees typically need to pay at least $27 in fees directly to Pearle Vision in order to earn the right to launch their business
How much money can I make with a Pearle Vision franchise? What are
the average revenues for a typical Pearle Vision business?
We estimate that the average revenue of an individual
Pearle Vision unit is approximately
$1,011,500. We based this on Item 19 in franchise disclosure
document
How long do I need to commit to running a Pearle Vision unit? What
is my contractual commitment?
Pearle Vision franchisees are typically required to sign up to a
10 year contract initially. The renewal length
is 5 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
2 /10
The Franchisor's investment costs ranges from
$639,239 to $978,710
which is
Much Higher
than the $0 to $0 average in the Health & Fitness industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
Franchises in the Same Industry
Popular Franchises
Is this your Franchise?
Update your profile with photos, videos, useful information, and start connecting with prospective franchisees today