|
Below is an in-depth analysis and side-by-side comparison of Pearle Vision vs Vital Dent including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $77,695 - $644,264 | $512,500 - $797,000 |
Franchise Fee | $30,000 | $45,000 - $60,000 |
Royalty Fee | 7% | 5% |
Advertising Fee | 8% | - |
Year Founded | 1961 | 1989 |
Year Franchised | 1980 | 1995 |
Term Of Agreement | 10 years (co-terminus w/lease) | 10years |
Term Of Agreement | 10 years (co-terminus w/lease) | 10years |
Renewal Fee | $2.5K | $3000/ treatment room |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | No/No |
Start-up Costs | No/Yes | No/No |
Equipment | No/Yes | No/No |
Inventory | Yes/No | No/No |
Receivables | No/Yes | No/No |
Payroll | No/Yes | No/No |
Training & Support |
||
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 |
||
US Expansion | Yes | - |
Canada Expansion | No | No |
International Expansion | No | No |
Vital Dent, a well-respected leader in the dental health care field, is a multi-national company which began business in Spain in 1989. Started first as a dental prosthetics business, in 1991 the company began developing dental offices. Then in 1995, Vital Dent established its franchise system.
Vital Dent owns and operates 23 company offices and 160 franchised offices in Spain, with another 10 franchised offices in Portugal and 2 offices being built in Italy.
The Vital Dent franchise network is now being developed in the United States.