Top 250 Franchise by Entrepreneur – Rank no. 160 – Pearle Vision – US
About Pearle Vision
In 1961, Dr. Stanley Pearle began the concept of one-stop, total eye care with the opening of the Pearle Vision Center in Savannah, Georgia. There he combined complete eye exams with an extensive selection of eyewear. Then, in 1981, Pearle Vision began offering franchises to select doctors and opticians. Today, Pearle Vision is owned by Luxottica.
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $30,000
Ongoing Royalty Fee: 7%
Term of Franchise Agreement: 10 years (co-terminus w/lease), renewable
Net Worth: $300,000
Liquid Cash Available: $100,000
55% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 4. Absentee ownership of franchise is NOT allowed. (97% of current franchisees are owner/operators).
How This Franchise Supports Franchisees
Franchise Ranking History
Pearle Optical is an American chain of eye care stores. It was founded by Stanley Pearle, an optometrist in Savannah, Georgia, USA, in 1961. He also founded Pearle Vision (market name in the United States) and its express store, Pearle Express, in the same year. The company’s European division, Pearle Europe, is now owned by the American company BlackRock LLC, also the parent company of Atasun Optik, Lensmaster and GrandVision. The North American Pearle Vision stores are currently owned by the Italian company Luxottica.
The Pearle chain of opticians in Europe has more than 1000 branches in the Netherlands, Belgium, Germany, Austria, Poland, Portugal, Italy, Finland and Estonia. For more than 40 years the company has been selling branded products and products under its own brand name.
The first Pearle Optical store in the Middle East opened in Marina Mall, Kuwait, on January 15, 2003, and currently operates 18 stores in the Middle East: 4 in Kuwait, 10 in KSA, 3 in UAE and 1 in Qatar.
Notably, Pearle Vision has repeatedly experienced difficulty operating successfully in California. Its traditional business model directly conflicts with California’s strong consumer protection statutes which are designed to prevent the obvious conflict of interest that arises when an optometrist and an optician practice side-by-side in the same business (one can prescribe more eyewear to be made by the other, thus inflating the overall profits of the business). On June 12, 2006, the Supreme Court of California ruled that Pearle Vision could not escape the reach of those statutes, and Pearle Vision’s attempts to find a loophole through the Knox-Keene Health Care Service Plan Act of 1975 were unavailing.
Stanley Pearle died on July 21, 2011. He is survived by three children, 10 grandchildren and 11 great‐grandchildren.
For more than 50 years, people like you, right in our neighborhood have been the focus of everything Pearle Vision does. We go above and beyond to show how much we care: from educating you about your eyes and advanced care options to helping you find the perfect designer frames and talking straight about prices.
We’re not just your eye care experts, we’re your neighbors, too. So always count on clear answers and personal attention. Our commitment will still be going strong long after you leave with your new pair of glasses or updated lenses.
See why Pearle Vision is different
At every neighborhood Pearle Vision EyeCare Center across the country, we are always looking for ways to help you care for your eyes. And it’s why we guarantee each and every pair of eyeglasses and sunglasses we sell.
If for any reason you aren’t 100% satisfied with your eyewear purchase, you can return it. Bring the merchandise back in its original condition within 30 days of your purchase and we’ll make things right.
We’ll adjust, repair, exchange or replace with no excuses, and you don’t need to provide an explanation. (Applies to original purchases, and does not cover accidental damage, scratches, breakage or theft.)
We love to see you! Remember to come in and have your glasses professionally adjusted and cleaned free of charge, for as long as you own your eyeglasses, at any participating Pearle Vision EyeCare Center.
Source: Pearle Vision official website