What is the estimated cost range for purchasing a vehicle for a Pearce Bespoke franchise, before financing?

According to Pearce Bespoke's 2025 Franchise Disclosure Document, the estimated cost to purchase a vehicle ranges from $21,000 to $30,000. Pearce Bespoke does not require franchisees to purchase or lease a vehicle to operate the business, provided the vehicle is in good working condition and no more than five years old. The lower end of the estimate assumes the franchisee already has a vehicle that is paid off and in good working condition, while the higher end reflects the cost of purchasing or leasing a vehicle. Pearce Bespoke uses a Toyota Corolla price as a reference.

If a franchisee chooses to finance a vehicle through traditional sources, such as banks or other private financing companies, the initial vehicle investment requirement can be lowered. The FDD estimates are based on a 20% deposit on the final purchase invoice, with the remainder financed over a 60-month term at a 3% interest rate. The high side of the estimate is based upon three months of payments. The deposit, term, and interest may vary.

Additionally, the vehicle must be box wrapped with Pearce Bespoke approved marks and logos, as described in the Manuals. This means that franchisees need to factor in the additional cost of branding the vehicle to Pearce Bespoke's standards. It is important to note that these figures are estimates, and the actual cost may vary. Prospective franchisees should consider their individual circumstances and financial situation when planning for this investment.