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Pearle Vision

Luxottica

Company Information

4000 Luxottica Place Mason, Ohio 45040

[email protected]

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.

We operate Pearle Vision EyeCare Centers in the United States (each a “Company EyeCare Center”). We license the right to operate retail optical EyeCare Centers (each a “Licensed EyeCare Center”), under the service mark PEARLE VISION® . We do not offer licenses in any other line of business. Our Company EyeCare Centers and Licensed EyeCare Centers are collectively referred to in this disclosure document as the “Pearle Vision EyeCare Centers.” Pearle Vision EyeCare Centers currently operate under the service marks PEARLE®, PEARLE VISION®, PEARLE VISION CENTER®, PEARLE VISION EXPRESS®, and PEARLE EXPRESS®. These service marks, along with the marks listed in this disclosure document and the other trademarks and service marks we may require or authorize you to use from time to time, are collectively referred to in this disclosure document as the “Pearle Vision Marks.” We are a successor in interest to LensCrafters, Inc., which has operated retail optical stores since 1983, throughout the United States, Canada, and Puerto Rico. We also operate retail optical outlets through leasing and licensing arrangements with host stores including Sears and Target. We do not own the trademarks SEARS®, SEARS OPTICALSM, TARGET OPTICAL®, or TARGET®, as the same are owned by the relevant host entities. However, under separate licensing agreements with such host entities, LOA is authorized to use these trademarks in the operation of retail optical stores at the host store sites. In some locations, these stores may be located in close proximity to Pearle Vision EyeCare Centers and offer goods and services that are similar or identical to those offered at Pearle Vision EyeCare Centers.

FDD Effective Date Action

Franchise Rating

Franchimp Summary Rating

5/10

Earning Transparency

7/10

Investment Accessibility

2/10

Summary of potential earnings

Average Gross Profit Per Unit

$722,500 / unit

Average Gross Profit During 2020
Franchise Type:

Health & Fitness

$164,834

Industry Low

$1,046,263

Industry High

Average Revenue Per Unit

$1,011,500 / unit

Average Revenue During 2020
Franchise Type:

Health & Fitness

$134,312

Industry Low

$4,665,709

Industry High

Franchise System Development

Year Units at Start of Year Units Opened Units Terminated Non-Renewals Re-Acquired by Franchisor Ceased Operations Units at End of Year

Distribution of Pearle Vision Franchisee

Employee Contact Database

# Name Position Email Phone

Summary of Investment Costs

Upfront Franchise Fees

Minimum: $27,500 Maximum: $167,991

Upfront franchise fees are the one-time payments required to secure rights to operate under an established brand, typically ranging from $20,000 to $100,000+ depending on brand value.

These fees grant access to proprietary business systems, training programs, intellectual property rights, and often territorial exclusivity—essentially purchasing the blueprint for a proven business model.

While separate from ongoing royalties, investors should evaluate these fees against expected returns, comparing fee-to-earnings ratios across opportunities and assessing how effectively franchisors reinvest these funds into system improvements.

Total Investment Costs

Minimum: $639,239 Maximum: $978,710

Ongoing Fees

Ongoing franchise fees, typically structured as royalties ranging from 4-8% of gross sales, represent the continuous payments franchisees make to maintain brand affiliation and support services.

These recurring fees fund the franchisor's operational assistance, marketing initiatives, technology updates, and continued brand development—creating a partnership where the franchisor's revenue grows alongside the franchisee's success. In addition to royalties, franchisees often contribute to national advertising funds (usually 1-3% of sales) and may incur technology fees, supply chain markups, or renewal fees depending on the franchise agreement.

Investors should carefully analyze these ongoing costs within their financial projections, as they directly impact profit margins and cash flow throughout the entire franchise relationship.

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