When is the $8,000 payment for the Pearce Bespoke Opening Inventory Package due?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
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Opening Inventory Package
Upon signing the Franchise Agreement, you will also pay us $8,000 per Franchised Territory for your opening inventory and equipment, which is used in the initial start-up phase of your Franchise ("Opening Inventory Package"). The Opening Inventory Package includes the cost for our signature clothing trunk, a set of mannequins, a mixture of custom suits and clothing, and fabric, button, and lining sample books, and accessories you will utilize to promote and market your Franchise.
Clothier Inventory Package
We require you to purchase a Clothier Inventory Package for each clothier you hire. If you are an owner operator, you will not need to purchase this additional package unless or until you add a clothier to your team. If you are operating under a semi-absentee owner model and hire a clothier immediately, we require you to purchase the Clothier Inventory Package for $2,700 per clothier.
Source: Item 5 — INITIAL FEES (FDD pages 9–11)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, the $8,000 payment for the Opening Inventory Package is due upon signing the Franchise Agreement. This package is essential for the initial start-up phase of the franchise and covers the cost of items such as a signature clothing trunk, mannequins, custom suits and clothing, fabric, button, and lining sample books, and accessories used for promotion and marketing.
This upfront payment is a mandatory initial fee for all Pearce Bespoke franchisees. It's important to note that, like other initial fees such as the Franchise Fee and Development Fee, the payment for the Opening Inventory Package is considered fully earned by Pearce Bespoke upon payment and is non-refundable under any circumstances. This means that once the Franchise Agreement is signed and the payment is made, the franchisee cannot get a refund, even if they later decide not to proceed with opening the franchise.
Prospective franchisees should carefully consider this non-refundable aspect and ensure they are fully committed to the Pearce Bespoke franchise before signing the agreement and making the payment. Understanding the contents of the Opening Inventory Package and its role in the initial setup is also crucial to assess the value received for this $8,000 investment.