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Pearle Vision franchise financing options
Compare costs, fees and where to get financing for a Pearle Vision.
Estimated initial costs
Our cost estimates are accurate as of 2021 from Franchise Direct and include opening fees and expenses only. The location you choose for your Pearle Vision franchise may result in higher or lower fees.
Equipment feesEquipment fees total $137,861 for Pearle Vision. This is less than the $180,023 average for the top 200 franchises.
|Equipment||$12,892 to $17,515|
|Signage, fixtures, furniture and decor||$93,200 to $117,200|
|Point-of-sale and computer system||$11,395 to $23,519|
|Estimated total||$117,487 to $158,234|
Real estate feesReal estate will set you back $190,857 for Pearle Vision, thought it's less than the average of $788,376 for the top 200 franchises.
|Real estate||$14,684 to $20,730|
|Construction||$130,000 to $200,000|
|Security deposits||$1,300 to $15,000|
|Estimated total||$145,984 to $235,730|
Training feesPearle Vision initial training costs total $1,000, which comes in under the nationwide average of $9,788.
|Training expenses||$0 to $2,000|
|Estimated total||$0 to $2,000|
Insurance costsInitial insurance costs for Pearle Vision run $2,500. This means you'll be paying less than the overall nationwide average of $6,311.
|Insurance||$2,000 to $3,000|
|Estimated total||$2,000 to $3,000|
Other expensesMiscellaneous expenses for Pearle Vision total $74,375 — more than the nationwide average of $69,970.
|Additional funds||$48,750 to $100,000|
|Estimated total||$48,750 to $100,000|
How to financeSince the estimated total for Pearle Vision is on the more costly side, we recommend following these steps to get fully financed:
- Go to the Pearle Vision franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to Pearle Vision about in-house financing for franchisees.
- If in-house financing isn't available, look for online loans, bank loans and SBA loans to help meet the $406,593 estimated opening costs.
- Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
- Once you settle on a lender, gather all required documents, including account statements and assets.
- Apply for financing online or in person as required by the lender.
What types of financing is available?You have several options when it comes to financing a Pearle Vision — even if the cost is on the heavier side. What assets you have available will largely determine how much you need to borrow, and which option suits you best.
- Online loan. A number of online business lenders offer amounts up to $1 million, with some extending up to $5 million.
- Bank loan. Your personal credit will typically need to at least be good — 670 or higher — when it comes to getting a bank loan large enough to cover a significant portion of Pearle Vision opening costs.
- SBA loan. While your personal credit score doesn't need to be as good to qualify for an SBA loan, they usually cost more than standard term loans from banks or online lenders.
Compare small business lendersYou may not need financing to cover the estimated $314,221. But if you need funds for other business ventures, select the loan amount, your time in business and revenue and your personal credit score to compare a selection of lenders.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
How Pearle Vision stacks upCompare how Pearle Vision holds up against two similarly sized franchises.
|Hungry Howie's Pizza||Pearle Vision||Pirtek|
|Average Franchise fees||$33,750||NA||$42,000|
|Average Equipment fees||$134,513||$137,861||$169,300|
|Average Real estate fees||$207,600||$190,857||$23,050|
|Average Training fees||$4,150||$1,000||NA|
|Average Inventory fees||$9,200||NA||$65,500|
|Average Marketing fees||NA||NA||NA|
|Average Licenses and permits fees||NA||NA||NA|
|Average Insurance fees||$3,200||$2,500||$30,000|
|Average Admin fees||$750||NA||$3,500|
|Average Personnel fees||NA||NA||NA|
|Average Other fees||$10,000||$74,375||$150,000|
Bottom linePearle Vision franchise costs run a total of $406,593. Before you decide to become a franchisee, compare the total costs against industry averages. And to learn more about financing read our guide to franchise financing.
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