What is included in the Travel and Living Expenses For Training for a Pearce Bespoke franchise?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
ment for a Single Franchised Territory Franchise
| 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 |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 15–19)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, the travel and living expenses for training include lodging, meals, and travel expenses for two people to attend the initial training program. The estimated cost for these expenses ranges from $199 to $2,500, and payment is arranged as incurred, directly to the lodging, transportation, and meal providers.
The lower end of the estimate, $199, likely covers minimal expenses, perhaps if the franchisee lives close to the training location or chooses budget accommodations. The higher estimate of $2,500 suggests costs could escalate with distance traveled, choice of accommodation, and meal preferences.
Prospective Pearce Bespoke franchisees should budget accordingly, considering that these expenses are in addition to the initial franchise fee and other startup costs. It is important to clarify with Pearce Bespoke what factors might drive these costs higher or lower and to explore options for minimizing these expenses during the training period.