Who administers the local marketing cooperative for Pearce Bespoke franchisees?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
Each Cooperative must adopt written bylaws, which follow the format Pearce Bespoke has approved. You may request a copy of the bylaws of the Cooperative (if one has been established) for your DMA from the Cooperative president or Pearce Bespoke. Each Cooperative must follow voting procedures that are consistent with the general operating rules Pearce Bespoke has established. The members of the Cooperative and their elected officials will administer the Cooperative in your area. Pearce Bespoke strongly recommends that Cooperatives prepare annual financial statements and make those financial statements available to all franchisees in that Cooperative. Pearce Bespoke has the power to establish Cooperatives and the bylaws, policies, and rules under which the Cooperatives will operate.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 21–27)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, the local marketing cooperative is administered by the members of the cooperative and their elected officials. Pearce Bespoke also has the power to establish these cooperatives, including their bylaws, policies, and rules.
Each cooperative must adopt written bylaws that follow a format approved by Pearce Bespoke. Franchisees can request a copy of these bylaws from the cooperative president or from Pearce Bespoke itself. The cooperatives are also required to follow voting procedures that align with the general operating rules established by Pearce Bespoke.
Pearce Bespoke strongly recommends that each cooperative prepares annual financial statements and makes them available to all franchisees within that cooperative. This ensures transparency and allows franchisees to understand how the cooperative's funds are being managed and utilized for local marketing efforts.