Are the fees paid to Pearce Bespoke refundable, according to the FDD?
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 | ||||
| #### Notes: |
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- Except where otherwise noted, all fees that you pay to Pearce Bespoke are nonrefundable. Refund related questions related to third-party lessors, contractors, suppliers, and vendors will be governed by the terms of each of those respective contracts. All amounts are in USD.
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- Initial Franchise Fee. The initial Franchisee Fee for a Pearce Bespoke Franchise is $55,900, for a Franchised Territory with a population of between 50,000 to 200,000 people or $29,000 for a Franchised Territory with a population of no more than 50,000 people. The initial Franchise Fee is non-refundable and is deemed earned upon receipt.
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- Travel and Living Expenses For Training.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 15–19)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, most fees paid to the company are nonrefundable. Specifically, the initial franchise fee, which ranges from $29,000 to $55,900 depending on the territory population, is non-refundable and is deemed earned upon receipt. This means that once you sign the Franchise Agreement and pay the initial fee to Pearce Bespoke, you will not receive a refund under any circumstances.
While most fees are nonrefundable, there are a couple of exceptions. Utility deposits are typically refundable, and lease security deposits may also be refundable. However, these refunds would not be coming from Pearce Bespoke, but from the utility companies or lessors themselves, according to their own policies and agreements.
Prospective franchisees should carefully consider the nonrefundable nature of the initial fees and other investments when evaluating the Pearce Bespoke franchise opportunity. It is important to have a clear understanding of the terms and conditions of all agreements with Pearce Bespoke and any third-party vendors before making any payments. Understanding the refund policies of third-party lessors, contractors, suppliers, and vendors is also crucial, as these are governed by their respective contracts and not by Pearce Bespoke's policies.