Pearle Vision was founded in 1961 by Dr. Stanley Pearle with the one-stop concept. In Savannah of Georgia, he opened the Pearle Vision Center with total eye care where he combined an exclusive eyewear selection for complete eye exams. To select opticians and doctors, he then began franchising in 1981. Today, Luxottica owned Pearle Vision. Alex Wilkes is the CEO of Pearle Vision.
Established in: 1961
Parent Organization: Luxottica
Franchising from: 38 Years from 1980
Company Address: 4000 Luxottica Pl. Mason, OH 45040
Investment:
Their Minimum Investment was: $400,324
Their Maximum Investment was: $605,230
Units:
1st Year: -8 Units (-1.5%)
After 3 Years: -58 Units -10.0%)
Locations of Units:
U.S. Franchises Franchises Outside US Company Owned
2016 405 16 110
2017 405 16 102
They are seeking new units of franchise throughout U.S..
Financing Options:
To cover startups costs, franchise fee, accounts receivable, payroll, equipment costs and inventory costs Pearle Vision maintains third party sources relationships which offer finance. It also offers in-house finance to cover inventory costs.
Financial Requirement:
Initial Investment: $400,324 – $605,230
Net-worth Requirement: $300,000
Liquid Cash Requirement: $100,000
Support Options:
Grand Opening
Meetings/Conventions
Field Operations
Site Selection
Franchise Intranet Platform
Security/Safety Procedures
Online Support
Newsletter
Proprietary Software
Marketing Support:
Social Media
SEO
National Media
Email marketing
Website development
Ad Templates
Co-op Advertising
Regional Advertising
Loyalty program/app
Website: pearlevision.com
Pearle Vision Facebook Page: Post on Facebook
Pearle Vision Twitter Account: Tweet Daily
Pearle Vision Customer Service Number: 800 937 3937
Pearle Vision Customer Help: Support Team
