Pearle Vision Franchise FDD, Costs & Fees (2024)

KEY FRANCHISE STATS

All you need to know about this franchise in a snapshot

Initial franchise fee
$30,000
Investment required
$61,000 – $1,269,000
Royalty fee
7.00%

Pearle Vision: A Legacy of Personalized Eye Care Excellence

Founded in 1961 by Dr. Stanley Pearle in Savannah, Georgia, Pearle Vision has grown into a trusted household name in eye care. With over 400 locally owned and operated EyeCare Centers across North America, the company remains dedicated to providing personalized eye care services.

Pearle Vision offers comprehensive eye exams, an extensive selection of designer frames, and on-site prescription lens services. This commitment to convenience and quality sets it apart from competitors, ensuring patients receive attentive care from the exam room to the retail floor.

Staying true to Dr. Pearle's vision, Pearle Vision combines state-of-the-art technology with a personal touch, fostering a neighborhood eye care experience that prioritizes patient satisfaction and eye health.

Initial investment

Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.

Pearle Vision offers 2 types of franchises:

Franchise Type of Investment Initial Investment Cost
Pearle Vision EyeCare Center New Location $679,760 to $1,268,624
Pearle Vision EyeCare Center Conversion of Existing Store $60,933 to $618,686

We are summarizing below the main costs associated with opening a Pearle Vision franchised New Location. For more information on the costs required to start a Pearle Vision franchise, refer to the Franchise Disclosure Document (Item 7).

Type of Expenditure Amount
Initial Franchise Fees $30,000
A&E Fees $16,300
Construction $338,000 – $477,000
Signage, Fixtures, Furniture and Décor $94,000 – $152,000
Equipment $53,000 – $275,000
Inventory $33,000 – $84,000
Point of Sale and Computer System $12,000 – $24,000
Grand Opening Advertising $15,000 – $15,000
Real Estate $14,000 – $21,000
Training Expenses $2,000 – $5,000
Security Deposits $1,000 – $15,000
Insurance $13,000 – $25,000
Additional Funds $128,000 – $58,000
TOTAL $680,000 – $1,269,000

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Number of units

2024
Franchised units

443

449

442

Company-owned units

59

62

61

Total units

502

511

503

Franchise Disclosure Document

Training

Pearle Vision provides comprehensive training to its franchisees to ensure successful operation of their EyeCare Centers. This includes a blended training approach covering subject-centered, objective-centered, experience-centered, and opportunity-centered methodologies.

The training consists of virtual classroom instruction, on-the-job experiences in EyeCare Centers, and comprehensive web-based training curricula. These programs include both mandatory and optional training components to offer a customized learning experience.

Franchisees participate in the Franchisee Onboarding training program before opening their EyeCare Centers. This program typically takes place in selected EyeCare Centers or virtual classrooms.

The onboarding process also includes a Focus on Success Onboarding e-learning series, customizable based on the franchisee’s experience, and covers areas such as team management, product knowledge, inventory planning, and patient experience.

Additionally, franchisees complete hands-on training sessions (Session One and Two) of up to five and a half days each in an EyeCare Center.

Pearle Vision may also mandate retraining if a franchisee is not fully adhering to the Pearle Vision system, ensuring ongoing compliance and quality standards. The training programs are guided by experienced professionals with backgrounds in retail management and the optical industry, ensuring relevant and practical guidance.

Territory Protection

Pearle Vision does not grant exclusive territories to its franchisees, which means that franchisees may face competition from other Pearle Vision franchisees, company-owned outlets, or other distribution channels managed by the franchisor.

Franchisees are authorized to operate at a specific approved location as outlined in their franchise agreement, but they are not guaranteed territorial exclusivity for that area. This policy ensures that the franchisor retains flexibility in expanding its brand presence.

While Pearle Vision may consider geographic boundaries for establishing new franchises, the decision to grant a location is at the sole discretion of the franchisor.

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