What is the current weekly Technology Fee charged to Pearce Bespoke franchisees?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
see is in compliance with all laws that are applicable to the POS System or other technology custom in the operation of Franchisee's Business, including all data protection or security laws as well as PCI compliance.
Q. Technology Fee.
Franchisor reserves the right to charge a periodic Technology Fee for technology related services provided by Franchisor, directly or indirectly, currently we charge $25 per week. The Technology Fee will be paid in accordance with Section 5(C). Franchisor will
Source: Item 22 — CONTRACTS (FDD page 39)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, franchisees are currently charged a Technology Fee of $25 per week. This fee is for technology-related services that Pearce Bespoke provides either directly or indirectly.
The Technology Fee is paid in accordance with Section 5(C) of the Franchise Agreement, which likely outlines the specific payment procedures and schedule. Pearce Bespoke will provide franchisees with at least 30 days' written notice before implementing this fee.
It's important to note that Pearce Bespoke retains the right to modify this fee, but they cannot increase it by more than 10% each year. This provides some predictability for franchisees in terms of potential cost increases. Prospective franchisees should factor this weekly fee into their operating expense projections and understand that it may increase over time, but with limitations.