Does the Pearce Bespoke FDD mention any financial thresholds related to Nathan Pearce's bankruptcy?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
s obligations to fulfill contractual obligations to the franchisee unless provision has been made for providing the required contractual services.
**THE FACT THAT THERE I
Source: Item 4 — BANKRUPTCY (FDD page 9)
What This Means (2025 FDD)
The 2025 Pearce Bespoke FDD does not contain any explicit mentions of financial thresholds related to a bankruptcy of Nathan Pearce. The document does refer to Nathan Pearce, LLC d/b/a Pearce Bespoke, a Louisiana limited liability company formed October 3, 2019, which since September 2022 has operated a business in the Baton Rouge, Louisiana area similar to the business being franchised.
Item 21 includes the financial statements of Pearce Bespoke Franchising, LLC, including balance sheets, statements of operations, and cash flows, along with notes and an independent auditor's report. These statements provide an overview of the company's financial health and accounting practices. Item 22 states that if the franchisor's most recent financial statements are unaudited and show a net worth of less than $100,000, the franchisee has the right to request an escrow arrangement.
Without specific information about financial thresholds related to Nathan Pearce's bankruptcy, it is difficult to assess the potential financial risks for prospective franchisees. It would be prudent for a potential franchisee to conduct their own independent investigation and consult with a financial advisor to fully understand any potential risks.