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What are the startup costs?

Chart shows breakdown of costs to start Pearle Vision franchise

To qualify to become a Pearle Vision® Licensed Owner, you need $100,000 in liquid capital and a net worth of $300,000. If you meet that threshold and have a good credit rating, our recruiting team can help you identify options for financing the business. The total startup costs for a new Pearle Vision EyeCare Center range from $416,647 – $650,089.

As you can see in the chart below, most of the expense comes from the cost of leasing space, construction, signs and fixtures, and purchasing inventory and equipment. The Pearle Vision franchise fee accounts for just $30,000 of the initial startup costs, and helps cover the training and support you will receive as you work to select a promising retail location and prepare to open your business.

In the chart below, you will also see $45,000 to $100,000 reserved as “additional funds.” These are dollars we recommend new Licensed Owners set aside as operating capital. It’s not money you pay us or a vendor. It’s money that is budgeted to cover early business expenses as revenue begins to build for your new business.

Here’s a full overview of the startup costs for a Pearle Vision EyeCare Center, taken from our 2021 Franchise Disclosure Document. To learn more about any of these costs, fill out the form to get in touch with our franchise recruitment team. We are happy to answer your questions.

Estimated Pearle Vision Startup Costs

TYPELOWHIGHPAYMENT METHODDUE DATEPAYEE
Initial Franchise Fees New Licensed Owner (Note 1)$30,000$30,000CashUpon signing license agreementPearle Vision
Initial Franchise Fees Existing Licensed Owner (Note 1)$20,000$20,000CashUpon signing license agreementPearle Vision
Real Estate (Note 2)$14,560$20,555CashAs billedLandlord
Construction (Note 3)$130,000$200,000Cash or financeAs billedPearle Vision or third party vendor
A&E Fees (Note 4)$16,300$16,300Cash or financeAs billedPearle Vision or third party vendor
Equipment (Note 5)$12,892$17,515Cash or financeAs billedApproved vendor
Signage, Fixtures, Furniture and Décor (Note 6)$93,200$117,200Cash or financeAs billed or upon signing license agreementPearle Vision or third party vendor
Inventory (Note 7)$40,000$84,000Cash or financeAs billed or upon signing license agreementPearle Vision or approved vendor
Point of Sale and Computer System (Note 8)$11,395$23,519Cash or financeAs billedApproved vendor
Grand Opening Advertising (Note 9)$15,000$15,000CashAs billedPearle Vision
Training Expenses (Note 10)$0$2,000CashPrior to and/or during attendancePearle Vision, airlines, hotels, restaurants, and other third parties
Security Deposits (Note 11)$1,300$15,000CashAs billedThird party
Insurance (Note 12)$7,000$9,000CashAs billedApproved vendor
Additional Funds (Note 13)$45,000$100,000CashAs neededPearle Vision, approved vendor or third party
Totals for new full service EyeCare Center (Note 14)
New Licensed Owner$416,647$650,089
Existing Licensed Owner$406,647$640,089

Notes for this chart can be found in the Franchise Disclosure Document which is available upon request.