Pearle Vision
Pearle Vision franchise for sale in Westchester County, New York
List Price: $400,000 USD
Key Facts
Annual Gross Revenue
$900,000 USD
Cash Flow
$150,000 – $200,000
Seasonal Business
No
Value of Inventory
$50,000 – $100,000
Value of Assets
$100,000 – $150,000
Year Established
2005
Business Operates From
A retail location
Location Is
Leased
Total Employees
Upon Inquiry
+3 MonthsTransition
Support
SomewhatPrice/Terms
Flexibility
SomeSeller financing Available
Full-timeOwner
Involvement
About this Business
Profitable 15-year established optical store and optometry practice in Southern Westchester County, NY looks for an owner to continue its legacy and upward trajectory!
Located in a strip mall on a very busy major road, this well-respected industry leader accepts most major optical insurances with potential to expand into medical insurance. Many different types of designer frames and a wide selection of frames guaranteed to appeal to different income levels. Affordable, multiple-year lease creates cost certainty and peace of mind! Modern optical equipment enhances patient experience and satisfaction resulting in patient and customer loyalty. Professional, knowledgeable and courteous stafff along with current optometrist owner willing to work part-time will make transition seamless!
Growth opportunities
Potential to expand into medical insurance. Presently, the store is open Monday-Saturday. Therefore, one could open on Sunday to expand the business. Furthermore, social media can be used to appeal to a larger audience.
Owner's Day-to-Day Involvement
Owner/Optometrist performs eye exams. Owner orders frames and contact lenses. Owner helps with customer sales. Through the computer system, owner checks on insurance eligibility of patients. Owner does daily sales reports. Owner calls in payroll to paychex. Owner does monthly business reports.Owner calculates weekly commission of sales staff. Owner pays monthly bills.
Asset Description
A large circular desk on which sits the cash register and the computer system as well as the phone. Several other desks for patients to try on glasses and be fitted for glasses. Many chairs for patients at these desks and chairs for patients waiting for exams. Santinelli edger, Marco/Nidek digital phoropter system, auto refractor (both partially paid for), Optos (partially paid for), Icare tonometer, lensometer, slit lamp, keratometer, NCT, chair and stand and assorted optical tools. Display showcases.
Inventory Description
A large selection of basic and designer frames as well as contact lenses.
Reason for Selling
Owner does not want to work full-time anymore.
Why I Love My Franchise
Pearle Vision is a quality, well-respected brand. The company offers a lot of support to franchisees.
About Pearle Vision
Pearle Vision is a leading optical franchise renowned for providing high-quality eye care and eyewear. Established in 1961, the brand combines the expertise of optometrists with a wide range of fashionable eyewear to deliver comprehensive eye care services to communities across North America. With a focus on personalized care, Pearle Vision accepts most major optical insurances and is expanding into medical insurance, broadening its service offerings. The brand offers an extensive selection of designer frames and lenses, appealing to various customer demographics and income levels. Utilizing state-of-the-art optical equipment, Pearle Vision enhances the patient experience, promoting customer loyalty and satisfaction. The franchise model is built on a strong foundation of trust, quality, and community engagement, making Pearle Vision a well-respected leader in the optical industry.
Franchisee Support
Pearle Vision provides robust support to its franchisees to ensure their success in the optical retail industry. New franchisees participate in a comprehensive training program that includes onboarding at corporate headquarters and extensive training on operations and management. Ongoing support includes access to a robust online portal, national marketing campaigns, and a dedicated field marketing team. Franchisees also benefit from assistance with site selection, vendor negotiations, and an established supply chain.
Brand Accolades & Awards
Pearle Vision has received multiple accolades, including being recognized as a Top Franchise by Entrepreneur magazine. The brand is celebrated for its commitment to customer service, high-quality eye care, and innovative franchise support. Pearle Vision is also known for its strong community engagement efforts, further solidifying its position as a trusted name in the optical industry.
Industry / Market
The U.S. vision care market is projected to reach $45 billion by 2025, with a CAGR of 3.5% from 2020 to 2025. With its comprehensive eye care solutions, strong brand recognition, and extensive network of locations, Pearle Vision is well-suited to meet the increasing demand for vision care services across North America.
Ideal Owner
The ideal Pearle Vision franchisee is a customer-oriented professional with a passion for eye care and retail management. They should be detail-focused, organized, and capable of managing a team of optometrists and support staff. Experience in the optical industry or healthcare is beneficial, along with strong marketing and sales skills to attract and retain customers. An ability to foster community relationships and deliver exceptional customer service is also essential.