Leading Optical Brand Plans to Convert Additional 40 to 45 Centers in 2014
MASON, Ohio (March 12, 2014) -- Pearle Vision, one of North America's largest and most trusted licensed optical brands, announced today it signed agreements with new and existing Pearle Vision licensees, converting 27 neighborhood eye care centers from company-owned to licensee-owned in 2013. The company plans to continue this re-licensing effort in 2014 with the conversion of additional centers.
“Converting 27 of Pearle Vision’s corporate locations to local optometrists and investors was quite an accomplishment for the brand last year,” said Pete Bridgman, senior vice president and general manager, Pearle Vision. "We owe our progress and success to the 10 new and 17 existing licensees, who see the growth potential with Pearle and have a desire to serve their communities and provide the best possible eye care to their patients.”
Of the 27 licensing agreements, Pearle Vision announced 10 new licensees in Ohio, Pennsylvania, Iowa, Minnesota, Texas, Tennessee, Illinois and Iowa. In addition, 17 existing Pearle Vision licensees chose to expand their center ownership by licensing additional centers in Texas, New Jersey, Georgia, Florida, Ohio, New York, Wisconsin, Nevada, Illinois and Puerto Rico.
Dr. Ted Brink -- who assumed ownership of four Pearle Vision eye care centers across northern Florida this year and has been a practicing optometrist for over two decades -- said, “Pearle Vision offers optometrists like myself the autonomy to practice in a way that meets patients’ needs, but gives us the valuable marketing and buying power of a larger group. Pearle Vision’s support team is unmatched, and that is why I chose to expand my business this past year.”
Pearle Vision has a significant legacy in the industry and has continued to outpace competitors by evolving to meet patients' changing needs and providing quality products and services they desire. With 600 centers located throughout North America, the company offers best-in-class eye care provided by neighborhood doctors who are skilled optometrists, a principle created by Dr. Stanley Pearle in 1961. Most recently, Pearle Vision ranked #112 in Entrepreneur's 2014 Franchise 500, making a 48-point increase from the 2013 ranking.
"It’s clear that Pearle Vision, with its 50-year legacy, proven systems and comprehensive support, is a terrific opportunity for optometrists to become business owners without the typical risk associated with new practice start-ups," said Bridgman. “Our doctor-centered business model allows the optometrist to focus on delivering quality eye care, while we focus on delivering superior unit economics that lead to long-term success.”
To fuel further growth, the company is looking for optometrists interested in licensing opportunities. Ideal candidates for Pearle Vision ownership should possess a desire to join a trusted industry-leading brand and work within a proven system to provide exceptional eye care and superior patient service. Pearle Vision licensees can expect their initial investment to build a new center to cost approximately $200,000, in addition to a licensing fee of $30,000.
Optometrists interested in exploring re-licensing or new development opportunities should call 1.800.PEARLE.1 or visit http://licensing.ownapearlevision.com.