PEARLE VISION

Item 7 pegs the franchise fee at $30,000, with ongoing fees hitting 7% royalty plus 8% ad fund and a $400 monthly technology charge—stacking up to 15% total before extras. Item 19 shines with average gross revenue of $1,429,000 and median $1,213,000, translating to estimated profits from $77,000 to $477,000, though EBITDA margin sits at 0%, signaling tight operations or high costs in optical dispensing. Backed by 146 SBA loans averaging $425,415 and a stellar 0.7% default rate, financing looks accessible for qualified buyers eyeing Pearle Vision's in-network vision care edge.

The system's 441 franchise locations plus 59 corporate units show maturity, with 14 projected new units and 24 transfers indicating owner interest despite 8 terminations and 2 non-renewals—low churn for a brand franchising since 1980. Litigation centers on antitrust claims, unpaid fees, and post-termination fights with ex-franchisees, a red flag for operational harmony under parent EssilorLuxottica. For eyewear investors, strong revenues offset fee burdens, but scrutinize local managed care contracts; this isn't a passive play but a hands-on retail bet with proven sales volume.