Financing programs, existing insurance relationships, and increased purchasing power help you expand your reach while lowering your costs
Owning a Pearle Vision franchise involves more than putting a brand name outside your office. As a Licensed Owner, you will have access to comprehensive systems and support that help streamline business operations, enhancing both your growth potential and your ability to provide patients with high-quality eye care. This is what the Pearle Vision brand can bring to your business.
1. Financing and our new conversion program help lower your startup costs
Whether you’re converting an independent practice or starting the business from scratch, Pearle Vision’s startup costs offer an accessible franchise investment, and our recruiting team can help you identify available sources of financing, such as our program with Bankers One Capital for qualified optometrists and ophthalmologists.
Additionally, with our new program Pearle Vision Ignite, only limited upfront capital is required from independent optometrists who convert their practice. Independent optometrists also only pay royalties on the additional retail sales that they achieve above and beyond what they made before converting – and as always, there are no royalties collected on professional fees (i.e. eye exam revenue). Optometrists continue to operate independently as they always have, but now with the comprehensive support and advantages through Pearle Vision.
2. Existing relationships streamline insurance access
Another advantage is the potential to expand your patient and customer base through better access to insurance for your patients. Pearle Vision works with all major health and vision plans, including EyeMed, VSP, and UnitedHealthcare. These existing relationships make it easier and more cost-effective than building those relationships on your own, and enables you to serve more patients.
“We have access to some of the largest vision care providers in the country, and that has brought a lot of people through our doors,” says optician and Licensed Owner Paul Hans. “Insurance, managed care, and medical billing has become a big factor in our industry, and Pearle Vision certainly gives us good support in that area.”
3. Increased purchasing power on top brands
Purchasing power is an additional advantage of Pearle Vision’s scale. Licensed Owners have access to advantageous pricing on state-of-the-art exam equipment as well as on trending eyewear brands that command consumer demand, helping owners potentially secure higher sales with better profit margins.
“The bottom line is that Pearle Vision really helps with our profitability,” says multi-unit Licensed Owner Ketan Sheladia. “My business partner and I trained as optometrists in school. We don’t have much business training, and Pearle Vision provides that for us. They give us what we need to succeed in the business.”
A broader customer base and premium product offerings ultimately make for a more scalable business opportunity.
“We started out in one location; now we’re at four,” says Sheladia. “I’m passionate about Pearle Vision because I see the future, they see the future and we share that pathway. It’s about growth and building our brand.”
Learn more about owning a Pearle Vision
To learn more about owning a Pearle Vision, please fill out the form on this page to request more information, or explore existing optical franchises for sale. We’re happy to answer your questions about the brand.
This article is not intended as an offer to sell or the solicitation of an offer to buy a franchise. Within the U.S.A., we offer franchises solely by means of our Franchise Disclosure Document. Certain states in the U.S.A. and certain other countries have laws governing the offer and sale of franchises. If you are a resident of one of these states or countries, we will not offer you a franchise unless and until we have complied with applicable franchise investment law requirements in your jurisdiction.
Minnesota Franchise Registration No. F-6281
