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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 $415,521 to $644,264.

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 $48,750 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 2020 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

Initial Franchise Fees New Licensed Owner (Note 1)$30,000$30,000CashUpon signing License AgreementUs
Initial Franchise Fees Existing Licensed Owner (Note 1)$20,000$20,000CashUpon signing License AgreementUs
Real Estate (Note 2)$14,684$20,730CashAs billedLandlord
Construction (Note 3)$130,000$200,000Cash or financedAs billedApproved Vendor
A&E Fees (Note 4)$16,300$16,300Cash or financedAs billedUs or Approved Vendor
Equipment (Note 5)$12,892$17,515Cash or financedAs billedApproved vendor
Signage, Fixtures, Furniture and Décor (Note 6)$93,200$117,200Cash or financedAs billed or upon signing the License AgreementApproved vendor
Inventory (Note 7)$40,000$84,000Cash or financedAs billed
or upon signing the License Agreement
Us or Approved vendor
Point of Sale and Computer System (Note 8)$11,395$23,519Cash or financedAs billedApproved vendor
Grand Opening Advertising (Note 9)$15,000$15,000CashAs billedUs
Training Expenses (Note 10)$0$2,000CashPrior to
Third party
Security Deposits (Note 11)$1,300$15,000CashAs billedThird party
Insurance (Note 12)$2,000$3,000CashAs billedApproved vendor
Additional Funds (Note 13)$48,750$100,000CashAs neededUs, Approved vendor or third party
Totals for new full service EyeCare Center (Note 14)
New Licensed Operator$415,521$644,264
Existing Licensed Owner$405,521$634,264

The notes for this chart can be found here.