Franchise information: 800-PEARLE-1

How much can I make if I sublease to an optometrist?

A look at Pearle Vision revenues for opticians and investors

$783,000 - average retail revenue for Pearle Vision Centers that are owned by licensed operators who sublease space to optometristsPearle Vision EyeCare Centers have seen consistent revenue growth. Ultimately, earnings are determined by the skills of the Licensed Operator, by choosing the best location, by marketing, by providing outstanding service, and by controlling costs. Pearle Vision assists Licensed Operators with each of these facets of the business.

In certain states, opticians and investors cannot employ optometrists, but are permitted to lease space to optometrists. This is no impediment for Pearle Vision’s business model, since we believe the optometrist should be independent and focused on patient care regardless of whether they are owners, employees, or independent business owners who share space with our licensed operators.

In the tables below, we provide a look at the revenue generated by eye care centers owned by an optician or investor, with space subleased to an optometrist. This data is included in Item 19 of our 2016 Franchise Disclosure Document.

To learn more about this data, fill out the form at right to get in touch with our franchise development department. While we cannot discuss the financial performance of specific eye care centers, we have a wealth of aggregate data to share with qualified candidates evaluating whether Pearle Vision can help them achieve their financial goals.

Eye care centers owned by opticians or investors who subleased to optometrists

Store economics – 2015

 1st quartileAverage
$000% of revenue$000% of revenue
Net Retail1,310100%783100%
Net Exam-0%20%
Net Total Revenue1,310100%785100%
COGS45835%27335%
Gross Margin85265%51265%
Disp. Margin (% of Retail Rev)65%65%
Payroll31624%18123%
Occupancy1018%7710%
Other Expense967%648%
Royalty & Adv19615%11715%
OP Income14311%729%
*Officer Comp705%344%
Owner Income21316%10714%
Count1974

Year-over-year growth

  1st quartile
FY2013FY2014FY2015
$000$000% increase$000% increase
Net Total Revenue116912023%13109%
Owner Income16219420%21310%
Count191919
Average
FY2013FY2014FY2015
$000$000% increase$000% increase
Net Total Revenue7017335%7857%
Owner Income829810%1079%
Count747474

“First Quartile” means the highest 25% of respondents in a given metric