Pearle Vision vs Medstock Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Pearle Vision vs Medstock including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Pearle Vision Franchise
Medstock Franchise
Investment $77,695 - $644,264$54,450 - $67,450
Franchise Fee $30,000$20,000
Royalty Fee 7%5%
Advertising Fee 8%-
Year Founded 1961-
Year Franchised 1980-
Term Of Agreement 10 years (co-terminus w/lease)10 years
Term Of Agreement 10 years (co-terminus w/lease)10 years
Renewal Fee $2.5K-


Business Experience Requirements

 
Pearle Vision Franchise
Medstock Franchise
Experience
  • Industry experience
  • General business experience
  • Industry experience not always necessary; depends on business acumen and financial condition
  • -

    Financing Options

     
    Pearle Vision Franchise
    Medstock Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/Yes-/-
    Start-up Costs No/Yes-/-
    Equipment No/Yes-/-
    Inventory Yes/No-/-
    Receivables No/Yes-/-
    Payroll No/Yes-/-

    Training & Support

     
    Pearle Vision Franchise
    Medstock Franchise
    Training On-The-Job Training: 86 hours Classroom Training: 32 hours Additional Training: Webinars-
    Support Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform-
    Marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app-
    Operations 55% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 4

    Absentee ownership of franchise is NOT allowed. (97% of current franchisees are owner/operators)

    -

    Expansion Plans

     
    Pearle Vision Franchise
    Medstock Franchise
    US Expansion Yes-
    Canada Expansion No-
    International Expansion No-

    Company Overviews

    About Pearle Vision


    Pearle Vision: Optical franchise is focused on genuine eye care
    Optical franchise generates revenue while helping independent operators stay focused on patient care
    Pearle Vision is one of the largest brands in the optical industry, with hundreds of eye care centers in the United States and Canada. We were founded in 1961 by Dr. Stanley Pearle, a visionary optometrist who brought doctors and opticians together under one roof so patients could receive a convenient, holistic, eye care experience. Today, our mission is to provide more patients, and more communities, with genuine eye care by partnering with optometrists, opticians and investors who share our passion for genuine eye care.
    Veteran Incentives  20% off franchise fee
    "Entrepreneur
    #58 in Franchise 500 for 2020.
    #32 in Franchise 500 for 2021.



    About Medstock

    If you're looking for a franchise with a high earning potential and a great quality of life, Medstock is 'just what the doctor ordered'. As a Medstock franchisee, most of your sales will start in the field. Instead of spending a lot of marketing dollars and waiting for customers to come to you, you'll go to them. This active sales approach sets us apart from our competition and lets our clients know that we care about them. Once a relationship with a client has been established, they can conveniently place and track orders with you through the Medstock Web site. The site features advanced fulfillment, customer management and accounting systems, and generates new business by having priority listings with the top search engines. Best of all, these on-line leads are sorted by zip code so you automatically get all the business within your territory.