On what is the estimate for licenses or permits for a Pearce Bespoke franchise based?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
Licenses or Permits.
This amount contemplates the costs of obtaining a business license or permit to begin operations.
This estimate is based on our experiences with business licenses and may vary depending on state and local requirements.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 15–19)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, the estimate for licenses or permits, which ranges from $100 to $500, is based on Pearce Bespoke's experience with business licenses. However, the actual cost may vary depending on state and local requirements. This cost contemplates obtaining a business license or permit to begin operations.
Prospective Pearce Bespoke franchisees should investigate the specific licensing and permit requirements in their state and locality to determine the actual costs they may incur. These costs are paid to government agencies as incurred.
As with many initial investment costs, the FDD notes that these figures are estimates, and Pearce Bespoke cannot guarantee that franchisees will not have additional expenses when starting their franchise.