What are some examples of approved supplier items for a Pearce Bespoke franchise?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
subject to our training and reporting requirements.
Pearce Bespoke is an Approved Supplier for certain items for which you are contractually obligated to purchase in the operation of your Franchise. Pearce Bespoke, its officers and/or persons affiliated with us, may now or in the future own an interest in Pearce Bespoke and be Approved Suppliers of certain items of the Business System. Pearce Bespoke officers do not own any interest in any Approved Supplier. Approved Supplier items include, but shall not limited to, recruiting services, computer hardware, software, collaboration and communication services, telephone, information management system, credit/debit card processing, criminal history background checks, email marketing, online accounting, virtual phone systems and client online surveys. You must license the POS/CRM software and purchase the computer hardware components for the POS System (the "POS System") either from us or a third-party vendor which may be modified from time to time in the Manuals. In the last fiscal year ending on December 31, 2023, we had total revenues of $572,535 of which $234,000, or 40.1%, was derived in revenue from required franchisee purchases or leases. Our affiliates have not received any other rebates, discounts or other material consideration from any other suppliers based on your r
Source: Item 8 — RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES (FDD pages 19–20)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, franchisees are required to operate their franchise in accordance with the brand's business system, which includes standards and specifications for various goods, services, and supplies. Pearce Bespoke negotiates programs with manufacturers and suppliers to allow franchisees to benefit from volume purchasing. While Pearce Bespoke retains discretion over the final determination of approved suppliers, they will consider requests from franchisees. All suppliers must be approved before use and may be subject to training and reporting requirements.
Pearce Bespoke itself can be an approved supplier for certain items that franchisees are contractually obligated to purchase. Examples of approved supplier items include recruiting services, computer hardware, software, collaboration and communication services, telephone systems, information management systems, credit/debit card processing, criminal history background checks, email marketing services, online accounting software, virtual phone systems, and client online surveys. Franchisees must license POS/CRM software and purchase computer hardware components for the POS System from Pearce Bespoke or an approved third-party vendor.
The FDD states that to maintain a consistent brand image and quality, franchisees must adhere to the standards and specifications outlined in the manuals. This includes using approved equipment, signs, furnishings, products, supplies, and advertising materials. Franchisees can only sell product categories approved by Pearce Bespoke, with the manuals establishing standards for men's and women's clothing and other items sold in the franchise. Franchisees have the right to set their own prices for the products they sell.
The FDD also indicates that required purchases, including those from approved suppliers and those meeting specific standards, are estimated to be 65% to 80% of the total purchases needed to establish the franchise and continue its operation. In the fiscal year ending December 31, 2023, Pearce Bespoke had total revenues of $572,535, with $234,000 (40.1%) derived from required franchisee purchases or leases.