Pearle Vision vs Fastest Labs Franchise Comparison

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

Start-Up Costs and Fees
	Pearle Vision Franchise	Fastest Labs Franchise
Investment	$77,695 - $644,264	$79,900 - $114,150
Franchise Fee	$30,000	$49,500
Royalty Fee	7%	7%
Advertising Fee	8%	-
Year Founded	1961	2000
Year Franchised	1980	2010
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
	Pearle Vision Franchise	Fastest Labs Franchise
Experience	Industry experience General business experience Industry experience not always necessary; depends on business acumen and financial condition	-
Financing Options
	Pearle Vision Franchise	Fastest Labs Franchise
	In-House/3rd Party	In-House/3rd Party
Franchise Fees	No/Yes	-/Yes
Start-up Costs	No/Yes	-/Yes
Equipment	No/Yes	-/Yes
Inventory	Yes/No	-/Yes
Receivables	No/Yes	-/Yes
Payroll	No/Yes	-/Yes
Training & Support
	Pearle Vision Franchise	Fastest Labs Franchise
Training	On-The-Job Training: 86 hours Classroom Training: 32 hours Additional Training: Webinars	Classroom Training: 35 hours
Support	Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform	Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform
Marketing	Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app	Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing
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)	Number of Employees Required to Run: 1 - 3
Expansion Plans
	Pearle Vision Franchise	Fastest Labs Franchise
US Expansion	Yes	Yes
Canada Expansion	No	-
International Expansion	No	-

Company Overviews

About Pearle Vision

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

About Fastest Labs

Fas-Tes Franchise Systems, LLC is currently one of the fastest-growing drug, alcohol, and DNA testing lab franchises in the industry. They are always looking to expand their team of dedicated franchisees throughout the nation, especially in Texas, the Great Plains area, and throughout the South and Southwest. 

The process to owning your own FastestLabs® franchise is easier than you may think! 

In fact, no medical experience is required to own and operate a drug, alcohol, and DNA testing facility and they provide you with all of the training materials, resources, and knowledge you need to get your franchise up and running.

Veteran Incentives  Territory size doubled