Pearle Vision franchise research

Investment by format

Format-specific estimates only. Do not combine one format's minimum with another format's maximum.

Investment sourceFDD p.23 ↗

Franchise fees and ongoing costs

Franchise fee

$20,000 to $30,000 · Extracted Item 5 scalar range, not a universal minimum or maximum; formats, eligibility, discounts and waivers require original-filing review.

Royalty

7% · 7% of Gross Revenues (excludes Professional Fee Revenues), payable monthly on the 15th; Independent Conversion 2% of Gross Revenues plus 5% of Incremental Gross Revenues; development agreements 4.9% (5+ centers) or 5.9% (3-4 centers), floor 3%

Marketing contribution

8% (basis not captured; see original filing)

Technology fee

$400/month (Base PMS only) or $500/month (Base PMS with eHR) once VisionX POS rolls out from mid-2026; optional add-ons extra

Other fees

Late fees 18% per annum on overdue amounts; Project Services Fees $5,500 to $10,000 at remodel/relocation/refresh; A&E Fees $22,850 at signing or renewal

Working capital (FDD Item 7)

Additional Funds (Note 13): $67,456 to $139,174, cash, as needed (Note 13 text and time period not in packet)

Fees sourceFDD p.18 ↗

Working capital is drawn from Item 7. The Investment source below locates the investment section, not an independently verified working-capital scalar.

Investment sourceFDD p.23 ↗

Franchise fee sourceFDD · page not captured ↗

Financial performance: Item 19

Item 19 captured

Yes

Metric / basis

Net Total Revenue (retail + exam) and EBITDA for full-service EyeCare Centers, in $000s, by owner type (OD-owned, sublease, employed) with quartiles; average, median and quartile breakdowns

Reporting period

Fiscal year ended December 31, 2025

Sample

364 franchised EyeCare Centers (169 OD-owned, 64 sublease, 131 employed); no company-owned outlets included

Reported average

Not captured

Reported median

Not captured

Owner income is not captured. Gross sales and EBITDA are not owner pay. Results depend on the disclosed metric, sample and period; consult the full filing.

Item 19 performance sourceFDD p.74 ↗

Unit growth: Item 20

Reporting year

2025

Scope

franchised outlets

Starting outlets

441

Year-end outlets

424

Net change

-17

Derivation

ending minus starting outlets

Openings

1

Terminations

3

Non-renewals

12

Other closures

0

Reacquisitions

3

Transfers

11

Transfers are not closures. Net change is ending minus starting outlets for the stated scope and year, or complete openings less terminations, non-renewals, other closures and reacquisitions. Missing inputs stay unknown.

Unit growth sourceFDD p.82 ↗

SBA loan history

Loan activity

26 approvals

Activity window

FY2021-FY2026 YTD; snapshot 2026-06-30

Median SBA loan

$586,800

Median loan window

FY2023-FY2026 YTD through 2026-06-30

Median loan sample

15 loans

Historical charge-off share

0.00%

Cohort

7(a) FY2010-2019 approvals

Numerator / denominator

0 / 93

Formula

CHGOFF / (PIF + CHGOFF + EXEMPT) × 100

This is a historical loan-level share, not a franchise failure probability or location survival rate. Loan size is not total investment. Other loan statuses are excluded from the seasoned denominator. Activity combines 7(a) and 504 approvals, excluding canceled and not-funded records; this is not a rolling five-year count. FY2024-25 franchise tags are sparse after directory suspension; fewer tagged loans do not establish brand decline. Recent charge-off cohorts are immature.

SBA loans sourceSBA data · Jun 30, 2026 ↗

Median loan amounts are financing context, not startup cost. The median window is separate from the seasoned charge-off cohort.

Median SBA loan sourceSBA data · Jun 30, 2026 ↗

Questions before you invest

How much does Pearle Vision franchise cost?

New Full Service EyeCare Center - New Licensed Operator: $788,696 to $1,228,956; New Full Service EyeCare Center - Existing Licensed Operator: $778,696 to $1,218,956 These are format-specific estimates, not a guaranteed cash requirement. Franchise fee: $20,000 to $30,000 · Extracted Item 5 scalar range, not a universal minimum or maximum; formats, eligibility, discounts and waivers require original-filing review..

Investment sourceFDD p.23 ↗

Franchise fee sourceFDD · page not captured ↗

How much do Pearle Vision owners make?

Owner income is not captured. Gross sales and EBITDA are not owner pay. Item 19 metric: Net Total Revenue (retail + exam) and EBITDA for full-service EyeCare Centers, in $000s, by owner type (OD-owned, sublease, employed) with quartiles; average, median and quartile breakdowns. Sample: 364 franchised EyeCare Centers (169 OD-owned, 64 sublease, 131 employed); no company-owned outlets included. Period: Fiscal year ended December 31, 2025.

Item 19 performance sourceFDD p.74 ↗

What's the SBA charge-off rate for Pearle Vision?

0.00%; numerator / denominator: 0 / 93. Historical 7(a) FY2010-2019 approvals; CHGOFF / (PIF + CHGOFF + EXEMPT) × 100, snapshot 2026-06-30. This is not a franchise failure probability. Median SBA loan: $586,800; window: FY2023-FY2026 YTD through 2026-06-30; sample: 15 loans. Median financing is not total investment.

SBA loans sourceSBA data · Jun 30, 2026 ↗

Median SBA loan sourceSBA data · Jun 30, 2026 ↗