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Pearle Vision
 

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

Year Established:

  1961

Franchising Since:

  1981

Operating Units:

Franchised Units:402 44.6%  
Company-Owned Units:499 55.4%  
 ______ _____  
Total Operating Units:901 100%  
 

Geographic Distribution:

U.S.:813 85.4% In 43 States
Canada:103 10.8% In 2 Canadian Provinces
International:36 3.8% In 0 Foreign Countries
 ______ _____  
Total:952 100%  
 

North America:

States/Provinces with the largest number of operating units:
DensityUnits    
1. Illinois53
2. Pennsylvania65
3. Texas48

Registered in Following Registration States:

   Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Wisconsin, District Of Columbia

Financial Requirements

Investment:

Minimum Net Worth:$Varies
Cash Investment:$35-125K
Total Investment:$250-500K
Average Total Investment:$375K
 

Fees:

Initial Franchise Fee:$30K
Average Franchise Fee:$30K
On-Going Royalty:7%
Average Royalty:7%
Advertising Fee:8%

Average Number of Employees:

   Varies Full-time, 0 Part-time

Space Needs (in square footage):

   1,800-2,400

Preferred Sites:

   Free-standing Building, Strip Center, Regional Mall

Other Sites:

  

Encourage Conversions?

   Yes

Earnings Claims Provided?

   No

Listed in the SBA Registry?

   No

Support and Training

International Franchise Association:Yes
Canadian Franchise Association:No
Franchisee Association/Member:Yes, Member
Size of Corporate Staff:250
Site Selection Assistance?No
Lease Negotiation Assistance?No
Financial Assistance?No
 

Marketing Support:

Co-Op Advertising:Yes
National Advertising:Yes
Regional Advertising:No
Local Advertising:Yes
Marketing Materials:None Specified
Additional Services:None Specified
Other Marketing Support:None Specified
 

On-Going Support:

Central Data Processing:At Additional Cost
Central Purchasing:Included in Fees
Field Operation Evaluation:Included in Fees
Field Training:Included in Fees
Initial Store Opening:Included in Fees
Inventory Control:Included in Fees
Franchisee Newsletter:Included in Fees
Regional or National Meetings:At Additional Cost
800 Telephone Hotline:Not Applicable
 

Training:

1. Skill Assessment of FranchiseeVaries Dramatically
 

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):
 
Financial Net Worth:5
General Business Experience:4
Specific Industry Experience:5
Formal Education:3
Psychological Profile:2
Personal Interview(s):4

Minority Representation

Units Owned by Minorities:

African-American:N/A
Asian-American:N/A
Hispanic:N/A
Native American:N/A
Other:N/A
Specific Minority:N/A

Terms of Contract

Term of Initial Contract:10 Year(s)
Term of Renewal Period:10 Year(s)
Passive Ownership:Not Allowed
Area Development Agreements?No
Sub-Franchising Contracts?No
Franchisees Allowed to Expand Within Territory?Yes

Expansion Plans

Projected New Units Over Next 12 months:

   25
U.S.:Yes, All U.S. Except CA
Canada:No
Overseas:No
 
 
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