What is the Pearce Bespoke definition of 'Credit Card Sales'?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
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- "Credit Card Sales" means all revenue transacted from or during the operation of your Business including, but not limited to, service fees, product sales, business interruption insurance, and all amounts that you receive at or away from the Site, whether from cash, check, EFT, ACH, wire transfer, credit and debit card, barter, exchange, trade credit, loyalty program points, gift card redemptions, or other credit transactions.
Source: Item 6 — OTHER FEES (FDD pages 11–15)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, 'Credit Card Sales' encompasses all revenue generated from the operation of the business. This includes, but is not limited to, service fees, product sales, business interruption insurance proceeds, and all amounts received whether at the physical site or away from it.
This definition is broad, covering various forms of payment such as cash, checks, EFT (electronic funds transfer), ACH (automated clearing house), wire transfers, credit and debit cards, barter, exchanges, trade credit, loyalty program points, gift card redemptions, and other credit transactions. This comprehensive approach ensures that all income streams are accounted for when calculating royalties and other fees payable to Pearce Bespoke.
For a prospective franchisee, understanding this definition is crucial because it directly impacts the calculation of Gross Sales, Net Sales, and ultimately, the royalty fees owed to Pearce Bespoke. Franchisees need to track all forms of revenue meticulously to ensure accurate reporting and avoid potential discrepancies or disputes with the franchisor. The FDD also mentions that Pearce Bespoke calculates Gross Sales, Net Sales, and Credit Card Sales on a weekly basis to determine royalty fees.