Are the estimated costs for licenses and permits for a Pearce Bespoke franchise fixed?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
| TYPE OF | AMOUNT | METHOD | TO WHOM | ||
|---|---|---|---|---|---|
| EXPENDITURES1 | LOW | HIGH | OF | WHEN DUE | PAYMENT IS |
| ESTIMATE | ESTIMATE | PAYMENT | TO BE MADE | ||
| Initial Franchise Fee2 | $29,000 | $55,900 | Lump sum | When you sign the Franchise Agreement | Pearce Bespoke |
| Travel and Living Expenses For Training3 | $199 | $2,500 | As arranged | As incurred | Lodging, Transportation, and Meals |
| On-Site Training4 | $0 | $5,000 | As arranged | As incurred | Lodging, Transportation, and Meals |
| Rent (3 months)5 | $0 | $1,500 | As arranged | According to lease | Lessor/Landlord |
| Opening Inventory & | $8,000 | $8,000 | Lump Sum | Before opening | Pearce Bespoke |
| Equipment Package6 | |||||
| Clothier Recruiting | $0 | $6,000 | Lump Sum | Before opening | Third-party |
| Services7 | suppliers | ||||
| Clothier Inventory | $0 | $5,400 | Lump Sum | Before opening | Pearce Bespoke |
| Package8 | |||||
| Uniforms9 | $500 | $3,750 | As arranged | As incurred | Pearce Bespoke |
| TYPE OF | AMOUNT | METHOD | TO WHOM | ||
| EXPENDITURES1 | LOW | HIGH | OF | WHEN DUE | PAYMENT IS |
| ESTIMATE | ESTIMATE | PAYMENT | TO BE MADE | ||
| Advertising & Marketing | $1,000 | $5,000 | As arranged | As incurred | Third-party |
| Introduction Program10 | suppliers | ||||
| Technology Fee (3 | $300 | $300 | As arranged | As incurred | Pearce Bespoke |
| months)11 | |||||
| POS System Subscription | $1,155 | $1,155 | As arranged | As incurred | Pearce Bespoke |
| Fee (3 months)12 | |||||
| Computer System13 | $0 | $2,500 | Lump sum | Before opening | Third-party suppliers |
| POS System | $1,315 | $1,315 | Lump sum | Before opening | Third-party suppliers |
| Supplies14 | $350 | $1,000 | As arranged | Before training | Third-party suppliers |
| Insurance15 | $1,000 | $2,000 | As arranged | Before training | Third-party supplier |
| Licenses and Permits16 | $100 | $500 | As arranged | As incurred | Government Agencies |
| Professional Fees17 | $0 | $5,000 | As arranged | Before opening | Third-party suppliers |
| Vehicle Lease18 | $0 | $1,500 | As incurred | Before opening | Third-party suppliers |
| Additional Funds – 3 Months19 | $0 | $20,000 | As incurred | As incurred | Employees or third-party suppliers |
| TOTAL | $42,919 | $128,320 |
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 estimated costs for licenses and permits are not fixed. The FDD indicates that this cost can vary. The estimated initial investment table shows a range for licenses and permits, from a low of $100 to a high of $500.
The document explains that the amount contemplated is for the costs of obtaining a business license or permit to begin operations. The estimate is based on Pearce Bespoke's experiences with business licenses and may vary depending on state and local requirements. This suggests that the ultimate cost a franchisee incurs will depend on the specific location of their franchise and the regulations in place there.
As the cost of licenses and permits is variable and dependent on location-specific requirements, prospective Pearce Bespoke franchisees should investigate the specific licensing and permit requirements in their chosen territory. Contacting local government agencies can provide a more accurate estimate of these costs. This will help in developing a more precise financial plan for the initial investment.