As of the date of this Pearce Bespoke Franchise Disclosure Document, what is the filing status for Minnesota?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
, and any Supplemental Agreements entered into by us and the undersigned Franchisee. To the extent any terms of an Applicable Addenda conflict with the terms of the Franchise Disclosure Document, Franchise Agreement, or Supplemental Agreement(s), the terms of the Applicable Addenda shall supersede the terms of the Franchise Agreement.
California Hawaii Illinois Iowa Indiana Maryland Michigan Minnesota New York North Dakota Ohio Rhode Island South Dakota Virginia Washington Wisconsin PEARCE BESPOKE FRANCHISING, LLC Nathan Pearce , Chief Executive Officer (Print Name, Title) (Print Name, Title) , PRINCIPAL: (Print Name) PRINCIPAL:
STATE EFFECTIVE DATES
The following States require that the Franchise Disclosure Document be registered or filed with the State, or be exempt from registration: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin.
This document is effective and may be used in the following states, where the document is filed or registered as of the Effective Date stated below:
| State | Effective Date |
|---|---|
| California | PENDING |
| Hawaii | PENDING |
| Illinois | PENDING |
| Indiana | PENDING |
| Maryland | PENDING |
| Michigan | PENDING |
| Minnesota | PENDING |
| New York | PENDING |
| North Dakota | PENDING |
| Rhode Island | PENDING |
| South Dakota | PENDING |
| Virginia | PENDING |
| Washington | PENDING |
| Wisconsin | PENDING |
Other states may require registration, filing, or exemption of a franchise under other laws, such as those that regulate the offer and sale of business opportunities or seller-assisted marketing plans.
Source: Item 22 — CONTRACTS (FDD page 39)
What This Means (2025 FDD)
According to the 2025 Pearce Bespoke Franchise Disclosure Document, Minnesota requires that the Franchise Disclosure Document be registered or filed with the State, or be exempt from registration. The document is effective and may be used in Minnesota as of the effective date stated in the document.
Furthermore, Minnesota law stipulates that Pearce Bespoke must defer the payment of the initial franchise fee, development fee, and any other initial payment until all material pre-opening obligations have been satisfied and the business is open and operating. However, the franchisee must execute the Franchise Agreement prior to looking for a site or beginning training.
Additionally, the Non-Sufficient Funds Fee is amended to state that pursuant to Minn. Stat. § 604.113, the Non-Sufficient Funds Fee is $30.00 per occurrence.