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!
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
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 $58,000 in profits per year on average.
This is how we were able to calculate the profit:
|Profit and loss||Amount ($)||As % of Sales|
|Royalties and advertising||100,000||12%|
Also, according to the Pearle Vision website, franchise owners who are Optometrist 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.
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
Pearle Vision Franchise Comparison
|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.
How much does it cost to own the Pearle Vision franchise?
An initial investment required to open Pearle Vision Franchise is $415,000 – $644,000.
Does Pearle Vision franchise offer finance?
Yes, the Pearle Vision franchisee offers third-party finance.
Where is Pearle Vision headquarters?
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.
Amit Gupta is an experienced expert in digital marketing and co-founder of DrFranchises. With more than 11 years of knowledge in franchise digital marketing, SEO, email marketing, and social media marketing, Amit has helped many brands achieve incredible success online. As a passionate entrepreneur and owner of 7 franchises, he continues to study franchise models, looking at costs, revenue, and profitability to guide brands toward profitable growth. When he’s not working on digital marketing, Amit enjoys spending time playing with his beloved dog.