Does the Pearce Bespoke definition of Gross Sales include sales made through the internet?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
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- "Gross Sales" means the total revenues you receive from the sale of goods and services, whether by cash or by check, credit card, or trade, in connection with the Franchise, less customer refunds and returns and sales or similar taxes. Gross Sales includes any sales permitted through the internet.
Source: Item 6 — OTHER FEES (FDD pages 11–15)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, Gross Sales does include sales made through the internet. The FDD defines "Gross Sales" as the total revenue a franchisee receives from the sale of goods and services, regardless of the method of payment (cash, check, credit card, etc.).
Specifically, the definition explicitly states that Gross Sales includes any sales permitted through the internet. This means that Pearce Bespoke franchisees must include all revenue generated from online sales when calculating their Gross Sales for the purpose of royalty fees, local marketing expenses, and other financial reporting to the franchisor.
This inclusion of internet sales in the Gross Sales definition is a standard practice in franchising, as it ensures that franchisors receive royalties on all revenue streams generated by the franchise, regardless of the sales channel. Pearce Bespoke franchisees should be aware of this definition and ensure that they accurately report all online sales when calculating their Gross Sales.