Is a Pearce Bespoke franchisee required to remodel the franchise location as a condition of renewal?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
visions in the agreements attached to this Disclosure Document.**
A. Franchise Agreement
| Provision | Section in Franchise | Summary | |
|---|---|---|---|
| Agreement | |||
| a. | Length of the franchise | Section 2(A) | 10 years |
| b. | Renewal or extension of the term | Section 2(B) | If you meet the renewal requirements set forth in the Franchise Agreement, you can renew the Franchise Agreement for up to two additional 5-year period(s). |
| c. | Requirements for you to renew or extend | Section 2(B) | Provide advance notice in writing, sign then current Franchise Agreement, pay renewal fee, remodel, meet all current Brand Standards, secure extension of lease and be in compliance with current Franchise Agreement during the term of the Agreement. |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION THE FRANCHISE RELATIONSHIP (FDD pages 31–34)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, franchisees may be required to remodel their franchise location as a condition of renewal. The Franchise Agreement outlines specific requirements that a franchisee must meet to be eligible for renewal.
The FDD states that to renew the Franchise Agreement, a franchisee must provide advance written notice, sign the then-current Franchise Agreement, pay a renewal fee, remodel the location, meet all current Brand Standards, secure an extension of the lease, and be in compliance with the current Franchise Agreement during its term. It is important to note that the franchisee may be asked to sign a Franchise Agreement with materially different terms and conditions than their original agreement.
This requirement to remodel as a condition of renewal is fairly common in franchising, as franchisors want to ensure that all locations maintain a consistent brand image and meet current customer expectations. However, the cost of remodeling can be significant, and franchisees should carefully consider this expense when evaluating the potential profitability of a Pearce Bespoke franchise. Additionally, franchisees should be aware that the terms of the renewal agreement may differ from the original agreement, potentially impacting their rights and obligations.