PEARLE VISION

PEARLE VISION

Pearle Vision franchises retail optical EyeCare Centers that dispense prescription eyeglasses, sunglasses, contact lenses, and ancillary items like non-prescription sunglasses and solutions, often operated in conjunction with an on-site optometric or ophthalmologic office and finishing lab. The business model licenses the Pearle Vision brand, system, marks, operating procedures, and marketing programs to franchisees who maintain quality standards to qualify as in-network providers for managed vision care plans. It targets families, patients, and retail customers seeking comprehensive eye care products and services throughout the United States.

441
Locations
Since 1980
Franchising
RetailMason, OHEssilorLuxottica S.A.www.pearlevision.comDisclaimer

Franchise Costs


Franchise Fee
$30,000
Item 5 of FDD
Initial Investment Range
N/A
Item 7 of FDD
Royalty Rate
7.00%
of gross sales
Brand Fund
8.00%
Item 6 of FDD
Fixed Monthly Fees
$400 – $400
Item 6 of FDD

7% royalty + 8% ad fund + $400/mo technology fee

Financial Performance


Item 19 Financial Performance

Average Gross Revenue
$0
Median Gross Revenue
$0
EBITDA Margin
0%
Top Quartile Revenue
$0
Bottom Quartile Revenue
$0
Average EBITDA
$0

Data Based On: Data for 161 All Reporting OD Owner EyeCare Centers for Fiscal Year Ended December 31, 2024. These centers have at least one year of operating results and have submitted Full Service Operating Model Unaudited Financial Statements and MFRs. These EyeCare Centers are owned by an optometrist or ophthalmologist.

* All monetary amounts are in thousands ($000s). Average gross revenue, median gross revenue, revenue top quartile, revenue bottom quartile, average EBITDA, and EBITDA margin percentage are directly extracted from 'Table 1A – Summary of Table 1B' for 'ALL REPORTING OD OWNER EYECARE CENTERS'. Best guess profit range (low and high) is derived from the 4th Quartile ($77,000) and 1st Quartile ($477,000) EBITDA values respectively, as reported in the same table.

Extracted Item 19 Section

How PEARLE VISION Compares


FranchiseInvestmentFeeRoyaltyLocations
PEARLE VISION
Current
N/A$30K7.0%441
MERLE NORMAN COSMETICS$48K – $260KN/AN/A797
CORNWELL$80K – $324KN/AN/A793
BATTERIES PLUS$263K – $497K$45K5.0%604
PET SUPPLIES PLUS$537K – $2.0M$50K3.0%502
WILD BIRDS UNLIMITED$227K – $379K$40K4.0%340
Specialty Retail Average
46 franchises
$285K – $708K$38K5.0%

* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 46 Specialty Retail franchises by location count.

SBA Loan History


Historical SBA 7(a) loan data for PEARLE VISION franchisees (20102025)

Total Loans
146
Average Loan
$425,415
Total Volume
$62.1M
Default Rate
0.7%

Loans by Year

SBA 7(a) loan activity over time

* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.

Franchisee Contacts


460 franchisee contacts on file from official FDD filings.

NameSBA Loan
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active

460 Contacts Available

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Due Diligence


Litigation (Item 3)

Franchisee Cases3

Primarily antitrust, breach of contract, fraudulent misrepresentation/omissions, unpaid royalties and advertising fees disputes with current and former Pearle Vision franchisees, including post-termination obligations enforcement.

Bankruptcy (Item 4)

Bankruptcy HistoryNo
No bankruptcy history reported

System Health (Item 20)

Franchise system changes reported in the most recent fiscal year

Terminations
8
Non-Renewals
2
Reacquired
1
Ceased Ops
2
Transfers
24
Sold to Franchisees
3
Projected New
14

Frequently Asked Questions


According to the 2025 FDD, the average gross revenue for a PEARLE VISION franchise is $1,429,000. The median revenue is $1,213,000.

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