Pearle Vision vs Texas State Optical
Pearle Vision vs Texas State Optical: Pearle Vision costs $50K to $481K to open; Texas State Optical costs $104K to $375K. Pearle Vision has 128 units, Texas State Optical has 13. SBA loan history: Pearle Vision = 172 loans (7.6% default); Texas State Optical = 14 loans (0.0% default). The franchise with more SBA funded units, a lower SBA default rate, and a lower royalty load is the safer financing bet; see the comparison below.
Pearle Vision vs Texas State Optical: Capital, Scale & Lending Analysis
Analysis based on FDD filings and SBA 7(a) loan level data. Each pairing reflects a unique combination of capital intensity, system scale, and financing path.
Capital Intensity
Pearle Vision requires the lower minimum capital commitment ($50K vs $104K for Texas State Optical), a 52% spread.
System Scale & Tenure
On scale, Pearle Vision operates 128 units to Texas State Optical's 13, roughly 10× the system size. Texas State Optical has been operating 90 years (founded 1936) versus 65 for Pearle Vision (founded 1961), a 25-year tenure gap that affects unit-economics maturity and FDD revision history.
SBA Lending Profile
Pearle Vision has the deeper SBA lending track record, with 172 7(a) approvals compared with 14 for Texas State Optical. Pearle Vision's peak SBA year was 1999 (18 loans); Texas State Optical's peak was 2011 (4 loans). Texas State Optical's more recent peak generally indicates fresher lender appetite. Pearle Vision has the most SBA funded units in IL, with 27. Texas State Optical leads in TX, with 14. Borrowers should pick the brand whose strongest SBA state matches their own state for warmer lender introductions. Average SBA loan size on funded Pearle Vision deals is $255K vs $251K for Texas State Optical, useful as a sizing anchor when modeling your own unit.
Risk Signal
SBA default rates are 7.6% for Pearle Vision and 0.0% for Texas State Optical, Texas State Optical has the cleaner SBA loss record by 7.6 points. PeerSense FPI scores come in at 43 (Fair) for Pearle Vision and 40 (Fair) for Texas State Optical, giving Pearle Vision the stronger composite signal across SBA performance, lender appetite, and operational consistency.
Health & Performance
FPI Score | 43/100 | 40/100 |
Health Tier | Fair | Fair |
Confidence | N/A | N/A |
Lending Trend | Declining | Declining |
SBA Lending
SBA Loans | 172 | 14 |
SBA Volume | – | – |
Default Rate | 7.6% | 0.0% |
Peer Tier | major | growing |
Investment & Costs
Total Investment | $50K to $481K | $104K to $375K |
Franchise Fee | $30K | N/A |
Royalty Rate | 7% | N/A |
Ad Fund | N/A | N/A |
Liquid Capital | $100K | N/A |
Net Worth Required | $300K | N/A |
Financial Performance (Item 19)
Item 19 Status | Not Disclosed | Not Disclosed |
System Size & Operations
Total Units | 128 | 13 |
Franchised Units | 128 | 13 |
Company Owned | – | – |
Term Length | N/A | N/A |
Brand Information
Year Founded | 1961 | 1936 |
Franchising Since | 1960 | N/A |
Years Franchising | 66 yrs | N/A |
Headquarters | CHICAGO, IL | HOUSTON, TX |
Category | Offices of Optometrists | Offices of Optometrists |
Website | ||
FDD Year | N/A | N/A |
Which Is Better, Pearle Vision or Texas State Optical?
Lower upfront capital required
Tie
Pearle Vision: $50K starting · Texas State Optical: $104K starting
More SBA lender confidence
Pearle Vision
Pearle Vision: 172 SBA loans · Texas State Optical: 14 SBA loans
Lower SBA default rate
Texas State Optical
Pearle Vision: 7.6% · Texas State Optical: 0.0%
Larger system & brand presence
Tie
Pearle Vision: 128 units · Texas State Optical: 13 units
More lender financing options
Pearle Vision
Pearle Vision: 52 unique lenders · Texas State Optical: 8 unique lenders
Decision matrix uses publicly disclosed FDD and SBA loan data. Not a recommendation. Your best franchise depends on capital, market, operating capacity, and risk tolerance.
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About These Franchises
Pearle Vision vs Texas State Optical: Franchise Funding Comparison
Comparing Pearle Vision and Texas State Optical is about more than brand preference. It's about which franchise fits your financial profile and funding strategy. Investment ranges from $50K to $481K.
Pearle Vision has 172 SBA loans on record and Texas State Optical has 14. Those totals are cumulative history rather than a measure of current appetite. Recent lending activity is trending down for at least one of these brands, so current lender appetite has to be checked deal by deal rather than assumed from the totals.
SBA 7(a) loans are the most common franchise funding vehicle, offering up to $5M with as little as 10% down. PeerSense connects franchise buyers with the specific lenders who have approved loans for these brands, not generic referrals, but lenders with actual franchise lending track records.
Data sourced from SBA loan records, Franchise Disclosure Documents, and public filings. Updated regularly. Not financial advice, consult with a lending professional before making investment decisions.
Pearle Vision vs Texas State Optical, Frequently Asked Questions
Which is a better franchise investment, Pearle Vision or Texas State Optical?
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Which has a lower SBA default rate, Pearle Vision or Texas State Optical?
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Page Review
Reviewed by Edward L. Freeman, Founder and Managing Director, PeerSense
- PeerSense is a capital advisory firm that places commercial financing with direct capital sources; the capital source sets final terms.
- Edward L. Freeman founded PeerSense in January 2020.
- He is a Registered Franchise Consultant with Business Alliance, Inc., a credential issued in March 2022, and worked as a franchise consultant there from March 2022 to May 2023.
- His recorded experience includes a $22 million SBA construction loan, with about $16 million funded on the deal.
- In the 12 months through September 30, 2026, PeerSense tracked 912 publicly announced financings with a disclosed size of $361.32 billion. PeerSense Capital Data Report · Methodology page
Last reviewed LinkedIn profileAbout Edward Freeman