Pearle Vision FDD – Franchise Information, Costs and Fees
Type of Business
The Franchise offered is for a “PEARLE VISION®” retail optical EyeCare Center, operated (unless prohibited by law) in conjunction with an optometric or ophthalmologic office. Each Pearle Vision EyeCare Center dispenses prescription eyeglasses, sunglasses, and contact lenses, and may have an on-site finishing laboratory that allows the Franchisee to produce a complete pair of eyeglasses on site for a significant percentage of prescriptions. Pearle Vision EyeCare Centers may also sell non-prescription sunglasses, contact lens solution, accessories, and other ancillary items (such as reading glasses and magnifying glasses) that are approved by the franchisor.
Corporate Information
Luxottica of America Inc. is an Ohio corporation doing business under the name Luxottica of America Inc., f/k/a Luxottica Retail North America Inc., and “Pearle Vision” or “Pearle.” The name change from LRNA to LOA was effective as of December 31, 2018. Their principal business address is 4000 Luxottica Place, Mason, Ohio 45040.
Investment
The total investment necessary to begin operation of a new Pearle Vision EyeCare Center is $639,239 to $978,710. This includes $98,094 to $167,991 that must be paid to the franchisor or its affiliates. If you are converting an existing independently owned store to a Pearle Vision EyeCare Center, the total investment is $70,195 to $412,819, of which $27,500 to $131,000 must be paid to the franchisor or its affiliates. If you enter into a Development Agreement, you will pay, in addition to the amounts to begin operation of an EyeCare Center, $30,000 to $439,200, of which $30,000 to $200,000 is paid to the franshisor or its affiliates.
