Where can I find the definition of the one-time franchise fee for a Pearce Bespoke franchise?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
If you enter into a Franchise Agreement, you must pay us a one-time franchise fee upon execution of your Franchise Agreement, as defined below in Item 5 below and in the Franchise Agreement.
Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 7–8)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, the definition of the one-time franchise fee can be found in Item 5 of the FDD and in the Franchise Agreement itself. Specifically, Item 1 mentions that upon execution of the Franchise Agreement, a franchisee must pay Pearce Bespoke a one-time franchise fee.
This means that prospective Pearce Bespoke franchisees should carefully review Item 5 and the Franchise Agreement to understand the exact amount of the franchise fee, when it is due, and any conditions related to its payment. Understanding this fee is crucial as it represents a significant initial investment in the Pearce Bespoke franchise.
It is standard practice for franchisors to detail the initial franchise fee in Item 5 of the FDD, along with a comprehensive explanation of what the fee covers and under what circumstances it might be refundable (if any). Therefore, Pearce Bespoke is following standard franchise industry practices by including this information in the referenced sections.