Pearle Vision franchise
2026 filing · March 27, 2026Fewer locationsShares sales figures
Pearle Vision at a glance
A retail optical store selling prescription eyeglasses, sunglasses and contact lenses alongside an eye doctor's office, often with an on-site lab that makes glasses. At the end of 2025 there were 484 Pearle Vision locations in the US, 424 franchised and 60 company-owned.
The business
- Industry
- Retail
- Franchisor
- Luxottica of America Inc
- The company that sells the franchises
- Current franchisor selling since
- 1980
- 46 years of selling franchises
- First location
- 1961
- Franchisor based in
- Mason, Ohio
- Typical size
- 1,500–2,000 sq ft
What you pay
- Cost to open
- $789K–$1.23M
- A new EyeCare Center
- Franchise fee
- $30,000
- $20,000 for existing franchisees
- Royalty
- 7%
- 7% of gross revenues, paid monthly, plus an 8% advertising contribution
- Brand fund
- 8%
- 8% of gross revenue, paid monthly
- Renewal fee
- $5,000
- When the agreement ends and you sign again
- Territory
- Limited
- Limited protection
Where it is
- US locations, 2025
- 484
- Franchised and company-owned
- Franchised
- 424
- Company-owned
- 60
- Change in 3 years
- −28
- Franchised locations, 2023–2025
- States
- 36
- Most in Illinois, Pennsylvania and Florida
From Luxottica of America Inc’s 2026 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
Pearle Vision among all franchises with the same figure.
| Figure | Pearle Vision | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $1,008,826 | Costs more than 83% of franchises |
| Franchise feePaid once, when you sign | $30,000 | Lower than 72% of franchises |
| RoyaltyShare of sales paid to the franchisor | 7% | Higher than 70% of brands with a set rate |
| US locationsFranchised and company-owned | 484 | More than 94% of franchises |
How much a Pearle Vision franchise costs
Opening a new EyeCare Center costs an estimated $788,696 to $1,228,956. That covers the franchise fee and everything else needed to open, through the first months of working capital.
Source: Luxottica of America Inc, 2026 filing, page 23
Pearle Vision franchise fee
The franchise fee is $30,000, $20,000 for existing franchisees. You pay it when you sign the franchise agreement.
Source: Luxottica of America Inc, 2026 filing, page 17
Royalty and ongoing fees
| Royalty | 7% of gross revenues, paid monthly, plus an 8% advertising contribution. |
|---|---|
| Brand or marketing fund | 8% of gross revenue, paid monthly. |
| Transfer Fee | Up to $7,500 |
| Renewal Fee | $5,000 |
| Additional Training | $100–$500 |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Luxottica of America Inc, 2026 filing, page 18
Other fees as filed, from page 19. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures Pearle Vision publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
Source: Luxottica of America Inc, 2026 filing, page 74
SBA loans to Pearle Vision franchisees
Lenders approved 247 SBA-backed loans for Pearle Vision franchisees from 1991 to 2026, $88.2M in all: 243 7(a) loans and 4 504 loans. Of the 215 that have ended, 201 were paid in full and 14 were charged off (6.5%). The other 32 haven’t ended yet.
A charged-off loan is one written off as uncollectible. See SBA franchise loans for how 7(a) and 504 loans work.
Source: SBA 7(a) and 504 loan data, as of September 30, 2026
Growth and closures
Share of franchised locations, 2025 / 2023–2025. Typical means the median: half of brands are above it, half below.
| Measure | Pearle Vision | Typical retail brand | Typical franchise |
|---|---|---|---|
| GrowthNet change in franchised locations | −3.9% / −6.2% | −0.4% / 0% | +1.2% / +10% |
| ClosuresTerminated, not renewed or stopped operating | 3.4% / 8.4% | 5.4% / 18% | 3.9% / 16% |
| Bought backLocations the franchisor took back | 0.7% / 0.9% | 0% / 0% | 0% / 0% |
Typical retail brand is the median of the 114 brands in retail franchises with three years of counts.
How Pearle Vision compares
Of the 302 retail franchises on this site, Pearle Vision is the 287th cheapest to open and the 29th largest by number of locations.
| Figure | Pearle Vision | Typical retail brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $789K | $198K | $222K |
| Cost to open, high end | $1.23M | $425K | $477K |
| Franchise fee | $30K | $35K | $40K |
| Royalty | 7% | 5.7% | 6% |
| Brand fund | 8% | 2% | 2% |
| US locations | 484 | 38 | 21 |
| Shares earnings figures | Yes | 187 of 302 | 2,147 of 3,352 |
Typical is the median across the 302 brands in retail franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2021 | 443 (+14) | 59 | – | – |
| 2022 | 449 (+6) | 62 | – | – |
| 2023 | 445 (−7) | 61 | +5 | −12 |
| 2024 | 441 (−4) | 59 | +8 | −12 |
| 2025 | 424 (−17) | 60 | +1 | −18 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
Pearle Vision passes four of the five tests on our list of the best franchises to own; it had no more US locations than three years earlier.
More in the guides: franchise failure rates.
Over 5 years, from the start of 2021 to the end of 2025, franchised locations went from 429 to 424 (−5, −1%). The earlier years come from the brand's 2024 filing.
Source: Luxottica of America Inc, 2026 filing, page 82
2021–2022: Luxottica of America Inc, 2024 filing, page 75
Where Pearle Vision locations are
At the end of 2025, Pearle Vision had locations in 38 states and territories. The most are in Illinois, Pennsylvania and Florida.
- Illinois45
- Pennsylvania35
- Florida33
- Texas30
- Ohio29
- New York27
| State | Franchised | Company-owned | Total |
|---|---|---|---|
| Illinois | 40 | 5 | 45 |
| Pennsylvania | 27 | 8 | 35 |
| Florida | 28 | 5 | 33 |
| Texas | 30 | 0 | 30 |
| Ohio | 25 | 4 | 29 |
| New York | 27 | 0 | 27 |
| Minnesota | 24 | 0 | 24 |
| New Jersey | 21 | 2 | 23 |
| Puerto Rico | 21 | 0 | 21 |
| Georgia | 16 | 3 | 19 |
All 38 states
Source: Luxottica of America Inc, 2026 filing, page 84
Who owns Pearle Vision?
Pearle Vision franchises are sold by Luxottica of America Inc. It is a subsidiary of Oakley, Inc.
From Luxottica of America Inc’s 2026 filing, page 7.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | Yes. The filing describes past or pending cases involving the franchisor, its affiliates or its executives on pages 13–17. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: Luxottica of America Inc, 2026 filing, litigation on pages 13–17, bankruptcy on page 17
Pearle Vision filings
A franchisor files a new disclosure each year it sells franchises. The figures on this page come from Luxottica of America Inc’s 2026 filing, issued March 27, 2026; the earlier ones below are on record with the NASAA Electronic Filing Depository and the Minnesota Department of Commerce and fill in older location counts.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2026 filing | March 27, 2026 | NASAA depository | Costs, fees and locations, 2023–2025 |
| 2024 filing | – | Minnesota | Locations, 2021–2022 |
Each link opens the filing as a PDF. See the newest filings across all brands.
