The Specsavers Joint Venture Partnership Model

From the inception of the company in 1984, Specsavers has operated nearly all of its Optical Practices on a Joint Venture Partnership basis. This means that hundreds of Optometrists, Dispensing Opticians, Optical Retail Managers and Hearing AID Dispensers have had the chance to own and operate a business in which they have a significant financial interest. The Specsavers Joint Venture Partnership model was the first in British optics and the enthusiasm and commitment of those partners is what has driven Specsavers to become the largest Optical Group in Britain.

The business model has stayed the same for all of those years. Each Specsavers Store operates as a limited company. Shareholdings in the companies are allocated to the parent group and also to the "Joint Venture Partners" who run the practice day by day.

Put simply, the shares allocated to the "Joint Venture Partners" entitle those individuals to take a salary from the business and also to take any distributable profit.

Responsibility for the day to day running of the business also sits with the "joint Venture Partners" and Specsavers further supports its partners by handling payroll, tax, vat, marketing, buying and other issues as required.

Investment levels vary according to the size of a practice but can be as low as £40,000 for an Optical Business or £8,000 for a Hearcare Business.

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Optical Joint Venture Partner

As experienced optometrists, our optical JVPs bring considerable optical and management experience along with a real drive and ambition to succeed. To become a joint venture partner, you will need to demonstrate the skills and competency to lead a successful optical business. Working a full 40-hour week, you will provide direct eyecare to our customers whilst also managing the day-to-day running of the business.

By joining Specsavers as an Optical Joint Venture Partner you are able to combine your optical and entrepreneurial ambitions with the commercial strength of the market leader.

Retail Joint Venture Partner

As experienced retail professionals, our retail JVPs bring substantial business management experience along with a real drive and ambition to succeed. With a proven track record of success in a senior retail management capacity, you will be able to apply your leadership skills to driving your very own business.

To become a joint venture partner, you will need to demonstrate the skills and competency to lead a successful optical retail business. Working a full 40-hour week, you will provide world class service to our customers whilst also managing the day-to-day running of the business.

By joining Specsavers as a Retail Joint Venture Partner you are able to combine your retail and entrepreneurial ambitions with the commercial strength of the UK’s leading opticians.

Hearcare Joint Venture Partners

Ambitious, entrepreneurial and hard working, these are just some of the words that describe our Hearcare Joint Venture Partners (JVPs). They’re also a good description of Specsavers.

Most of our hearing centres sit seamlessly inside a busy Specsavers store, and have their own Hearcare JVP. Hearing Centre’s are run by a partner with their own outlook and personality, so we don’t look for a particular character. However, you will need to share some of our values.

So, to be a successful Hearcare JVP, you need plenty of drive and energy. You’ll also need to be a motivational leader, able to pass your energy and enthusiasm on to the rest of your team. Just as important, you’ll need to be open to new ideas and prepared to change to make the most of new opportunities. It’s your business, so if you work hard, you reap the rewards.

Key Joint Venture Partner Benefits

The Specsavers partnership model is tried and tested, and its success is reflected in our growth. As a Joint Venture Partner (JVP), you’ll have the backing of a successful international brand that focuses on your long-term profitability. This gives you the freedom to run your business in the way you want with lower levels of risk.

We offer high quality professional support to ensure the success of your business. Our teams cover everything from world-class advertising and marketing and award-winning IT systems, to accounting services and on-going training and development. They’ll also offer business advice and keep you up to date with the latest industry developments. Our international buying power will keep your products affordable and enable you to achieve good margins.

Our reputation for offering value for money and high levels of professionalism means your store will have a strong potential customer base. In short, we’ll give your business a strong foundation for you to build on.

If you are interested in finding out more about Optical Joint Venture Partnership Opportunities at Specsavers – email specsavers@flamehealth.com or alternatively speak to a consultant on our dedicated Specsavers Recruitment Phone Number – 0333 033 9993