retail-eyewear + optometrist office business

Opportunity to purchase a well established Pearle Vision franchise which is an American chain of eye care stores and one of the largest franchised optical retailers in the country. This particular store is one of the oldest franchise locations in the Dallas/Fort Worth metroplex. It dispenses prescription eyeglasses, sunglasses, and contact lenses and has an on-site finishing laboratory that allows the licensed operator to produce a complete pair of eyeglasses on site for a significant percentage of prescriptions. This store sells non-prescription sunglasses, contact lens solution, accessories, and other ancillary items (such as reading glasses and magnifying glasses) that are approved by the franchisor. As part of the licensed eye care center, franchisees may also offer optometric services through a licensed optometrist or medical doctor. Franchisees may also become a provider for managed vision care insurance plans such as EyeMed Vision Care, LLC, one of the franchisor’s service affiliates. Store is clean and shows very well. Seller has been keeping the store up to speed improvements wise so there should be no upgrade requirements from the franchiser when transferring the Pearle Vision franchise agreement. All equipment is in perfect condition and is owned outright by the seller. Fully equipped optometrist office set up and ready to go just next door to the retail store. Having the optometrist practice and optician/retail operation side by side is the Pearle Vision typical business model that has proven to be extremely successful. Very limited competition. Pearle Vision is now operating 110 corporate stores and has 445 franchises throughout North America and after acquisition by the European conglomerate Essilor Luxottica in 2004, became the largest global player in the eyewear industry. Essilor Luxottica contributed numerous proprietary lens technologies as well as the brands Foster Grant, Costa Del Mar, Ray Ban, Oakley, Persol, Oliver Peoples and Vogue Eyewear plus eyewear retailers Lens Crafters and Sunglass Hut. They also have ownership of the eyewear insurance company EyeMed. The ideal buyer who could reap the most benefit would be a licensed optometrist or medical doctor. No royalties are paid on revenues generated by the doctor. The seller of this unit had a doctor on site for 16+ years who left due to a medical situation 4 years ago causing the store’s profitability to decrease substantially. Seller & franchiser will provide on-site training after the purchase, assist in securing retention of employees and transfer of supplier relationships, provide on-call telephone assistance after completion of the training and sign a no competition agreement. This business is an established franchise.