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Pearle Vision
1925 Enterprise Pkwy.
Twinsburg, OH 44087
800#: (800) 282-3931 + 3310
Tel: (330) 486-3310
Fax: (330) 486-3425
E-Mail: [email protected]
Web Site: www.pearlevision.com
Contact: Mr. Bill Vaughan, Director Franchise Development
PEARLE VISION, the largest optical franchisor, offers the ability for qualified individuals to benefit from PEARLE's strong name recognition and operating systems developed over the past 36 years. We have been franchising for 16 years.
Franchisor Background
Established: 1961
First Franchise: 1980
Franchise Units: 450
Company-Owned Units: 370
Total Units: 820
Distribution:
U.S. -- 766;
Canada -- 18;
International -- 36
-North America -- Operations in 43 States, 2 Provinces
-States/Provinces with Greatest Density: 65 in PA, 53 in IL, 49 in TX
Projected New Units Over Next 12 months: 45
Franchisee Qualifications: 5, 4, 5, 3, 2, 4
(Click here for an explanation)
Registered in Following Registration States: CA,FL,HI,IL,IN,MD,MI,MN,NY,ND,OR,RI,SD,VA,WI,DC (Click here for an explanation)
Average Number of Employees: Varies (FT = Full Time, PT = Part Time)
Space Needs: 2,000-2,500 SF; FS, SC, RM
(Click here for abbreviations)
Encourage Conversion: Yes
Financial Requirements
Cash Investment: $110K Max.
Total Investment: $135K-2.5MM
Average Total Investment: $1,317.5K
Minimum Net Worth: $Varies
Fees:
-Franchise: $30K
-Average Franchise Fee: $30.0K
-Royalty: 7%
-Average Royalty: 7.0%
-Advertising: 9%
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 10/10
Passive Ownership: Not Allowed
Area Development Agreements: No
Sub-Franchising Contracts: No
Expand In Territory: Yes
Franchisor Support and Training Provided
Site Selection Assistance: NR
Lease Negotiation Assistance: No
Financial Assistance: Yes(B)
Cooperative Advertising: No
International Franchise Association: IFA MEMBER
Canadian Franchise Association:
Franchisee Association / Member: Yes
Size Of Corporate Staff: 250
On-Going Support: a,B,C,D,d,E,F,G,H,I (Click here for an explanation)
Training: Varies Dramatically with Skill Assessment of Franchisee.
Franchisor's Specific Expansion Plans
U.S.: All U.S. Except CA, WA
Canada: No
Overseas: No
Note: NR = No Response by Franchisor.
Click here for a sample questionnaire.
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