factual

Where in the Pearce Bespoke Franchise Agreement can I find information regarding fees?

Pearce_Bespoke Franchise · 2025 FDD

Answer from 2025 FDD Document

TEM 6 OTHER FEES**

Type of Fee Amount Due Date Remarks
meals, and wages, if applicable.
Annual Certification Training $199 per session Yearly All active clothiers will be required to attend our annual certification training (the “Annual Certification Training”), which may be held online or in person at a location that we designate. We anticipate the cost of recertification will be approximately $199 and will be held monthly.
Approval of Supplier Fee $500 plus cost of examination and approval of a supplier requested by Franchisee. Prior to examination You will purchase only such types, models or brands of items, furniture, equipment, signs, and supplies that We approve for Pearce Bespoke as meeting its specifications and standards, including specifications and standards for quality, design, warranties, appearance, function, and performance.
Operational Standards Violation Fee $250 to $1,000 per occurrence As incurred Payable to us.
Liquidated Damages – Violation of Confidentiality or Non-Competition Covenants $100,000, plus our attorneys’ fees Per Occurrence Payable to us if you violate the confidentiality and/or non- competition covenants in the Franchise Agreement
Type of Fee Amount Due Date Remarks
------------------------------------- -------------------------------------------------- ---------------------------------------- --------------------------------------------------------------------------------------------
Contribution implementation we reserve the right to implement
one in the future, implemented by
Pearce Bespoke or the franchisees.
Local Marketing Minimum 5% of your Gross Minimum amount must be See Note 5 below. See Note 6 below
Expenses Sales spent during each calendar
year. We reserve the right to increase to a
maximum of 6% upon 30 days'
written notice
Transfer Fee Whichever is greater: Before completion of Subject to state law
(i) transfer
$10,000
or
(ii)
25% of
the then current franchise We will not charge Transfer Fee for
fee transfers to immediate family.
Audit Expenses Cost and expenses related As invoiced after Payable only if understatement is
to audit inspection greater than 2% of Gross Sales
or
audit
Renewal Fee Whichever is greater: 30 days before renewal of See Item 17(b). If you fail to timely
(i) Franchise Agreement meet any of the renewal conditions
$5,000,
or
(ii)
25% of
the then current franchise within the applicable timeframes, we
fee
may choose, in our
sole discretion and
without any obligation to do so, to
permit you
to renew, but you will be
required to pay a
renewal
administration charge of $500.
Technology Fee The fee is currently $25 Due at the same time as See Note 8
per Royalty Fees
week,
but
is
subject to
increases not to exceed We reserve the right to change the
10% annually. Technology Fee upon 60 days'
notice to you.
On a weekly basis, we will calculate
the Gross Sales, Net Sales, and
Credit Card Sales (defined below)
generated from the operation of your
Franchise
and pay you by EFT,
ACH, direct deposit, or by similar
means, the Net Sales generated from
the operation of your
Franchise
during
the previous calendar week
minus the amount you owe Us or our
affiliatesfor
the
Technology
Fee.
Point-Of-Sale Currently Monthly This is a pass-through expense. We
$385.

Source: Item 9 — FRANCHISEE'S OBLIGATIONS (FDD pages 20–21)

What This Means (2025 FDD)

According to Pearce Bespoke's 2025 Franchise Disclosure Document, details regarding various fees can be found in multiple sections. Item 5 outlines the initial fees, specifying that the initial franchise fee is $55,900 for a territory with a population between 50,000 and 200,000 people, or $29,000 for a territory with a population of no more than 50,000 people. This fee is non-refundable and due upon signing the Franchise Agreement.

Item 6 provides a comprehensive table of other fees, including the Annual Certification Training fee of $199 per session, Approval of Supplier Fee of $500 plus costs, Operational Standards Violation Fees ranging from $250 to $1,000 per occurrence, and Liquidated Damages for violating confidentiality or non-competition covenants at $100,000 plus attorney's fees. This section also lists the Local Marketing expenses, requiring a minimum of 5% of gross sales, potential Transfer Fees (greater of $10,000 or 25% of the current franchise fee), Audit Expenses, Renewal Fees (greater of $5,000 or 25% of the current franchise fee), and a Technology Fee.

Item 7 mentions a weekly technology fee of $25 (or $100 monthly). Item 11 also references a potential Technology Fee, estimating it at roughly $1,200 per year, with possible annual increases up to 10%. These multiple mentions of fees throughout the FDD underscore the importance of carefully reviewing each section to fully understand the financial obligations as a Pearce Bespoke franchisee.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.
All Pearce_Bespoke 2025 FAQs Ask FDD Ninja