What is the condition for the high estimate for On-Site Training for a Pearce Bespoke franchise?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
On-Site Training. Prior to opening your Franchise, you must successfully complete the required training programs. The low estimate assumes you will travel to our Training Facility in Baton Rouge, Louisiana. The high estimate is based on a request that we conduct training at your location, in which case you will be responsible for our expenses associated with travel, lodging, and other reasonable costs that we incur.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 15–19)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, the high estimate for on-site training, which can reach up to $5,000, is based on the franchisee's request for Pearce Bespoke to conduct the training at the franchisee's location rather than at the training facility in Baton Rouge, Louisiana. In this case, the franchisee is responsible for covering Pearce Bespoke's expenses related to travel, lodging, and other reasonable costs incurred during the on-site training.
This means that a Pearce Bespoke franchisee could potentially incur up to $5,000 in expenses for on-site training if they choose to have the training conducted at their own location. This cost covers the travel, lodging, and other associated expenses for the Pearce Bespoke trainers. The alternative is to travel to the training facility in Baton Rouge, Louisiana, which is accounted for in the "Travel and Living Expenses For Training" line item.
It is important for prospective Pearce Bespoke franchisees to consider their budget and preferences when deciding whether to opt for on-site training or travel to the training facility. The FDD indicates that the low estimate for On-Site Training is $0, assuming the franchisee travels to the training facility. The decision should be based on a careful evaluation of the costs and benefits of each option, considering factors such as travel expenses, convenience, and the potential for a more personalized training experience at their own location.