What is the estimated low cost for licenses and permits for a Pearce Bespoke franchise?
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 | ||
| Licenses and Permits16 | $100 | $500 | As arranged | As incurred | Government Agencies |
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 estimated low cost for licenses and permits is $100. This figure is part of the initial investment needed to start the franchise. The high end of the estimate for licenses and permits is $500. These fees are paid to government agencies and are due as incurred.
The FDD notes that this amount contemplates 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 means the actual cost could be higher or lower depending on where the franchise is located.
Prospective franchisees should research the specific licensing and permit requirements in their local area to get a more accurate estimate. Contacting local government agencies can provide clarity on the necessary licenses and associated fees. This due diligence will help in planning the initial investment more effectively.