Pearle Vision vs Vision Source Franchise Comparison

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

Start-Up Costs and Fees
 
Pearle Vision Franchise
Vision Source Franchise
Investment $77,695 - $644,264$500 - $33,300
Franchise Fee $30,000N/A
Royalty Fee 7%-
Advertising Fee 8%-
Year Founded 19612003
Year Franchised 19802003
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
Vision Source Franchise
Experience
  • Industry experience
  • General business experience
  • Industry experience not always necessary; depends on business acumen and financial condition
    		• -

    Financing Options
     
    Pearle Vision Franchise
    Vision Source 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
    Vision Source 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
    Vision Source Franchise
    US Expansion YesYes
    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 Vision Source

    "Vision
    Founded in 1991, Vision Source® is a family of over 3,200 locally owned practices and more than 4,600 doctors collaborating to provide quality professional eye care and to support the long-term success of independent optometry. Vision Source clinicians treat an estimated 16 million patients every year.

    The total investment necessary to begin operation of a new Vision Source® office ranges from $85,000 to $333,300. The total investment necessary to convert an existing optometry office to operation under a Vision Source® franchise agreement ranges from $500 to $35,200. None of these amounts must be paid to the franchisor. If you elect, in your sole discretion, to purchase products from an affiliate of franchisor, the purchase price for those products will be paid to the affiliate of franchisor.