Pearle Vision franchise financing options

Overall costs for Pearle Vision run anywhere from $314,221 to $498,964. See how the costs break down and what funding options might be right for your new venture into the franchise foray.

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 fees

Equipment fees total $137,861 for Pearle Vision. This is less than the $180,023 average for the top 200 franchises.

Equipment	Cost
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 fees

Real 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	Cost
Real estate	$14,684 to $20,730
Construction	$130,000 to $200,000
A&E fees	$16,300
Security deposits	$1,300 to $15,000
Rent	Varies.
Estimated total	$145,984 to $235,730

Training fees

Pearle Vision initial training costs total $1,000, which comes in under the nationwide average of $9,788.

Training	Cost
Training expenses	$0 to $2,000
Estimated total	$0 to $2,000

Insurance costs

Initial insurance costs for Pearle Vision run $2,500. This means you'll be paying less than the overall nationwide average of $6,311.

Insurance	Cost
Insurance	$2,000 to $3,000
Estimated total	$2,000 to $3,000

Other expenses

Miscellaneous expenses for Pearle Vision total $74,375 — more than the nationwide average of $69,970.

Other	Cost
Additional funds	$48,750 to $100,000
Estimated total	$48,750 to $100,000

All costs were found using the 200 largest franchises nationwide using Franchise Direct's list of more than 300 franchises, and are accurate as of 2021.

How to finance

Since the estimated total for Pearle Vision is on the more costly side, we recommend following these steps to get fully financed:

1. Go to the Pearle Vision franchising website and review its financial requirements, including cash-on-hand requirements.
2. Reach out to Pearle Vision about in-house financing for franchisees.
3. 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.
4. Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
5. Once you settle on a lender, gather all required documents, including account statements and assets.
6. 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.

Also check if Pearle Vision franchise financing is available. You may be able to get some of the costs covered for less than you would with other traditional funding options.

Compare small business lenders

You 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.

How Pearle Vision stacks up

Compare 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 line

Pearle 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.