What expenses are not covered by the initial cash investment estimates for a Pearce Bespoke franchise?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
These figures are estimates and we cannot guarantee that you will not have additional expenses in starting your Franchise.
Your costs depend on factors such as: whether you intend to be an owner-operator, whether you intend to hire, how closely you follow our methods and procedures; your management capabilities, business acumen, operational experience, local economic conditions; the local market for our concept; the prevailing wage rate; competition; and the sales levels reached during this initial period.
Total.
Except as expressly indicated otherwise, these estimates cover your initial cash investment up to the opening of your Franchise and for a period of three monthsthereafter.
They do not provide for your cash needs to cover any financing incurred by you or for other expenses not previously discussed above.
You should not plan to draw income from the operation during the start-up and development stages of your Franchise.
None of the estimated expenditures listed in the table are refundable, except (i) utility deposits are usually refundable, and (ii) lease security deposits may be refundable.
We do not offer, directly or indirectly, financing for any of the above expenditures.
See Item 10.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 15–19)
What This Means (2025 FDD)
According to the 2025 Pearce Bespoke Franchise Disclosure Document, the estimated initial investment covers expenses up to the opening of your franchise and for the first three months thereafter. However, these estimates do not include cash needed to cover any financing you incur or other expenses not specifically discussed in the document. This means that while the initial investment table provides a range of $42,919 to $128,320 for various startup costs, franchisees should anticipate potential additional expenses.
Pearce Bespoke emphasizes that these figures are estimates and actual costs can vary. Factors influencing these costs include whether the franchisee intends to be an owner-operator, plans to hire employees, how closely they adhere to Pearce Bespoke's methods, their management capabilities, local economic conditions, and sales levels achieved during the initial period. Franchisees should not expect to draw income from the business during the startup and development phases.
Prospective Pearce Bespoke franchisees should carefully review the itemized list of estimated initial investments and consider their individual circumstances to determine if they may incur additional costs. It is important to note that none of the estimated expenditures listed are refundable, except for utility deposits and potentially lease security deposits. Pearce Bespoke does not offer direct or indirect financing for these expenditures, so franchisees will need to secure their own funding.