When is the Development Fee due to Pearce Bespoke?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
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Development Agreement
Pearce Bespoke If we determine that you are financially and operationally qualified to develop multiple Franchises, we may offer you the opportunity to enter into a Development Agreement, in which you will commit to develop a certain number of Franchises that we determine to be appropriate. We have the right to determine the number of Franchises that we deem as appropriate in our sole and absolute discretion, based upon several factors, such as but not limited to, territory availability, your business acumen, your financial wherewithal, your ability to fund or obtain funding for your Franchise, and your overall business and operational experience. If you enter into a Development Agreement, you must pay us a one- time development fee
2025 FDD 9
upon execution of your Development Agreement ("Development Fee").
Source: Item 5 — INITIAL FEES (FDD pages 9–11)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, the Development Fee is due upon the execution of the Development Agreement. The Development Agreement is an option Pearce Bespoke may offer if they determine that a prospective franchisee is financially and operationally qualified to develop multiple franchises.
The Development Fee amount depends on the number of franchises the franchisee is granted the right to open within a specific Development Area. For example, the Development Fee for one franchise is $55,900, while the fee for two franchises is $50,900. If a franchisee is permitted to open more than six franchises, the Development Fee will be equal to $260,400, plus $30,900 for each additional franchise the franchisee is granted the right to develop.
It is important to note that the Development Fee is non-refundable under any circumstances once paid to Pearce Bespoke. The franchisee must also execute Pearce Bespoke's current form of franchise agreement for the initial franchise they are granted the right to open within their Development Area, concurrently with the Development Agreement. This means that the franchisee is committing to opening at least one location at the time they sign the Development Agreement and pay the associated fee.