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Below is an in-depth analysis and side-by-side comparison of Pearle Vision vs Primary Dentist including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $77,695 - $644,264 | $208,672 - $479,172 |
Franchise Fee | $30,000 | $29,997 |
Royalty Fee | 7% | 6% |
Advertising Fee | 8% | 6% |
Year Founded | 1961 | - |
Year Franchised | 1980 | - |
Term Of Agreement | 10 years (co-terminus w/lease) | - |
Term Of Agreement | 10 years (co-terminus w/lease) | - |
Renewal Fee | $2.5K | - |
Business Experience Requirements |
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Experience | To ensure that our franchisees will be able to qualify with both lenders and landlords, we require that potential franchisees have at least $150,000 in liquid capital and a $200,000 net worth. | |
Financing Options |
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In-House/3rd Party | In-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 |
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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)
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Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | No | - |
International Expansion | No | - |
NO LONGER FRANCHISING
We have the answer to building a dental practice, and will provide you with marketing and advertising programs to bring new patients in the door. Our dental model outperforms the average dentist by a substantial multiple. Join with an industry leader to improve your results. There is no need to be overburdened by office systems and procedures; we have researched and proven the best office systems and software. For dental equipment, we will help arrange financing and discounts.