Pearle Vision Franchise Cost, Profit & Failure Rate 2024

Pearle Vision has only one vision which is taking care of your eyes. It offers many products like prescription eyeglasses, sunglasses, contact lenses, and so on.

If you are looking for a remunerative franchise that has the potential to earn a high profit, then Pearle Vision is one of the best options because this is the era of digitalization, and you will find that every second person is facing eye problems because of extra screen time.

So, with Pearle Vision Franchise, you not only make money but also help many people. It is one of the 10 best franchises for entrepreneurs that you must own.

To know more about Pearle Vision, go through our in-depth article and see the Pearle Vision franchise’s profitability, fee, cost, eligibility, and so on. So, let’s begin!

Pearle Vision Franchise

About Pearle Vision

In 1961, Pearle Vision was founded by Dr. Stanley Pearle and is one of the largest brands in the optical retail category, with hundreds of eye care centers.

Pearle Vision is focused on the aim of providing genuine eye care by partnering with optometrists.

It started offering franchises in 1981 with the mission to help more patients and more communities.

Currently, it has more than 533 outlets in USA and Canada. They offer franchise opportunities to those investors who have proficiency in retail management.

Moreover, Pearle Vision franchise policies are very flexible; they also provide a training program and all kinds of support which will be helpful to enhance your business growth.

Also they also offer third-party finance as well as veterans discounts to minority candidates. 

Pearle Vision Franchise Model

Cost Or FeesAmount
Initial Investment$415,000-$644,000
Franchise-Fee$20,000- $50,000
Area- RequirementN/A
Total Outlets553

Ideal Candidates For Pearle Vision

These are the following abilities Pearle Vision wants in their candidates:

  • Experience in sales and retail management
  • Leadership Qualities
  • Make a full-time commitment to the business
  • Expertise in handling customers
  • Potential to face challenges 

Pearle Vision Franchise Revenue & Profit

Based on the sales of 116 Pearle Vision franchises operating in 2021, A Pearle Vision franchise owner makes $865,000 in annual revenue on average.

And if considering an EBITDA profit margin of 7%, a Pearle Vision franchise owner makes $60,550 in profits per year on average.

This is how we were able to calculate the profit:

Financial OverviewPercentage of RevenueAmount ($)
Individual Franchise Annual Revenue100%865000.00
Franchise Royalty Fees5.81%(50278.13)
Cost of Goods Sold (COGS)29.06%(251390.63)
Labor (Variable)15.11%(130723.13)
Total (Expenses)93.00%(804450.00)
Net Profit7.00%60550.00

Note: The displayed expenses are estimates based on industry averages and standard costs. Actual expenses may vary due to factors like location, business size, and market conditions. We recommend conducting detailed research or consulting with a financial advisor for a tailored financial analysis.

Also, according to the Pearle Vision website, franchise owners who are optometrists or ophthalmologists generate $1.2 million in revenue, with $935,000 in average retail revenue.

Looking at this figure, it’s clear that Pearle Vision is quite a profitable franchise opportunity.

Payback Period Of Pearle Vision

The midpoint investment of $523,000, and the yearly profit is $60,550. So, to find out how long it will take to earn back the initial investment:

Payback Period = Midpoint Investment / Yearly Profit = $523,000/ $60,550= 8.6 years

Based on these figures, it will take approximately 8-9 years to pay back the initial investment for Pearle Vision. This time period could be longer or shorter depending on your sales, revenue, and profit figures.

Failure Rate Of Pearle Vision

Franchised Outlets:

YearOutlets at the Start of the YearOutlets at the End of the YearNet Change

For the Franchised outlets:

  • In 2020, the growth rate was (12)/417×100≈2.8%
  • In 2021, the growth rate was (14)/429×100≈3.26%
  • In 2022, the growth rate was (6)/443×100≈1.35%

Company-Owned Outlets:

YearOutlets at the Start of the YearOutlets at the End of the YearNet Change

For the Company-Owned outlets:

  • In 2020, the failure rate was (5)/63×100≈7.93%
  • In 2021, the growth rate was (1)/58×100≈1.72%
  • In 2022, the growth rate was (3)/59×100≈5.08%

Total Outlets:

YearOutlets at the Start of the YearOutlets at the End of the YearNet Change

For Total outlets:

  • In 2020, the growth rate was (7)/480×100≈1.45%
  • In 2021, the growth rate was (15)/487×100≈3.08%
  • In 2022, the growth rate was (9)/502×100≈1.79%

According to the above-mentioned data, we can see that the franchised outlets for Pearle Vision grew from 2020 to 2022, showing a growth rate between 2.8% and 1.35%.

On the other hand, for company-owned outlets, the failure rate of Pearle Vision in the year 2020 was 7.93%. Later, the company started growing, showing a growth rate between 1.72% and 5.08%

Overall, when we combine the data of franchise and company-owned outlets, we can see that the Pearle Vision franchise has expanded in the years 2020-2022, showing a total growth rate between 1.45% and 1.79%.

Training Of Pearle Vision Franchise

Training Of Pearle Vision Franchise

Pearle Vision has designed a special training program for all new franchisees. This training program includes four theories which are subject-centered, experience-centered, objective-centered, and opportunity centered.

They also provide a special training program to the licensed owners, and every new licensed owner must attend four days of training which is held at headquarters in Mason, Ohio.

It is compulsory to attend this program because it provides in-depth knowledge of web-based training curricula and technical knowledge with both online and offline components.

After completing licensed owner training, the franchisees need to follow the four theories training program. Every phase consists of five or four days.

An additional training program is also available for franchisees, but it will be customized in content based on the needs and experiences of licensed owners. 

Terms Of Agreement & Renewal

The initial length of the franchise agreement is 10 years. The franchisees have the option to renew the term upon expiration of the initial term only if the condition are met and if the franchise is in good standing and is making a decent amount of revenue.

The new term of the agreement is a minimum of 5 years, and the maximum limit can be reached at 10 years.

Advantages Of Pearle Vision

  • Popular eyewear brand
  • Tops examining equipment
  • Sustainable healthcare and the most demanding industry
  • Competitive price
  • Highly profitable

For those looking to open a franchise in the coffee industry, possibilities include the Specsavers franchise.

Pearle Vision Franchise Comparison

CompanyPearle VisionWinzer
Founded In19611978
Initial Investment$415,000-$644,000$5950-$16,153
Franchise-Fee$20,000- $50,000$35,000
Total Outlet553 287
Annual Revenue$1.2 million$42 million 

Frequently Asked Question

How many Pearle Vision franchises are there?

Pearle Vision has more than 553 units across the U.S.

Does Pearle Vision franchise offer finance?

Yes, the Pearle Vision franchisee offers third-party finance.

Where is Pearle Vision headquarters?

The headquarters of Pearle Vision is located in Mason, Ohio.

Does Pearle Vision offer franchising?

Yes, Pearle Vision offers remunerative franchise opportunities to entrepreneurs.

How much does the Pearle Vision franchise cost?

An initial investment required to open a Pearle Vision franchise is $415,000-$644,000, with a franchise fee of $20,000- $50,000.

Who owns Pearle Vision?

Pearle Vision is wholly owned by Luxottica Group.

Who founded Pearle Vision?

Pearle Vision was founded in 1961 by Dr. Stanley Pearle and is one of the largest brands in the optical retail category, with hundreds of eye care centers.

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