Pearle Vision Announces 3 Area Development Agreements Signed in California and Colorado Markets
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Pearle Vision Announces 3 Area Development Agreements Signed in California and Colorado Markets

April 29, 2020 // // MASON, Ohio - Pearle Vision has signed three new area development agreements in Western states.

Area development agreements were approved for the East Bay area of California; Irvine, California; and Colorado Springs, Colorado. Pearle Vision licensed owners with an area development agreement are granted exclusive territory rights and pay a reduced franchise fee and lower royalty fees.

Satheesh Rangappan and Apurva Pancholi are the new licensed owners in the East Bay market with an agreement for five EyeCare Centers. Rangappan is CEO/founder of Web-Tech solutions and has extensive experience in software consulting and development. He also is a franchisee of Sport Clips Haircuts, with three locations in the Bay Area. Pancholi is CEO/founder of Omnisenz Inc., an e-commerce and artificial intelligence/machine learning consulting company. His background is in providing technical and business solutions to global clients in life science, telecommunication and retail industries.

“We are excited about bringing new Pearle Vision EyeCare Centers to the East Bay area,” said Rangappan. “We look forward to bringing quality eye care services to more neighborhoods and appreciate the opportunity to invest in the health and well-being of our community.”

Lee Walters is the new licensed owner in the Colorado Springs market with an agreement for three EyeCare Centers. An Army veteran who served with the 4th Infantry at Fort Carson in Colorado Springs, Walters holds degrees in operations management and marketing from Auburn University. He worked for two Fortune 500 companies and then had a 24-year career in government service before returning to Colorado Springs, where he lives with his family.

“There’s a great need here for a professional eye care center that is customer-focused, has hours that are convenient for our customers and offers an unmatched selection of eyewear,” Walters said. “At Pearle Vision, the focus is on the customer – a requirement for any business I am going to be involved in.”

Amit and Komal Kumar are current licensed owners of a Pearle Vision EyeCare Center in Irvine, and the couple recently signed an agreement with an investor partner to open five more locations. Komal Kumar is a licensed optician who oversees operations and patient care. Amit Kumar, who has a business background, handles the business and financial side.

“Because Pearle Vision offers medical care and a retail operation under one roof, it really played to our strengths as individuals, and multi-unit ownership addresses our goals for our family,” Komal Kumar said. “An area development agreement seemed like a natural next step for us. We are happy that this agreement will allow us to provide quality eye care and eyewear to even more of our neighbors very soon.”

About Pearle Vision

Pearle Vision was founded in 1961 by Dr. Stanley Pearle, who began the concept of one-stop, total eye care with the opening of the Pearle Vision Center in Savannah, Ga. Dr. Pearle combined complete eye exams with an extensive selection of eyewear. In 1981, Pearle Vision began offering franchise opportunities to select doctors and opticians. Today, with more than 500 EyeCare Centers located throughout the United States, Canada and Puerto Rico, Pearle Vision is built around a doctor-centered business model with a primary focus to deliver genuine eye care to patients and become the neighborhood trusted source for all their eye care and eye wear needs. Pearle Vision is owned by Luxottica, a leader in premium fashion, luxury and sports eyewear.

SOURCE Pearle Vision



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