When is the initial franchise fee due to Pearce Bespoke?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
FEES**
Franchise Agreement
When you sign your Franchise Agreement, you must pay to us the initial franchise fee ("Franchise Fee") of $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 Franchise Fee is due upon the signing of our Franchise Agreement and is considered fully earned by Pearce Bespoke upon payment. The Franchise Fee includes your license to operate the Franchise. This Franchise Fee is not refundable, in whole or in part, under any circumstances. The initial Franchise Fee is calculated and applied uniformly to all our franchisees. The method we use to calculate the Franchise Fee is uniform for all franchises that we offer through this Disclosure Document.
Source: Item 5 — INITIAL FEES (FDD pages 9–11)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, the initial franchise fee is due upon the signing of the Franchise Agreement. The 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. Pearce Bespoke considers the franchise fee fully earned upon payment, and it is non-refundable under any circumstances. This fee grants the franchisee the license to operate the franchise.
In addition to the franchise fee, Pearce Bespoke outlines other initial fees that may be required. These include a Development Fee (if a Development Agreement is established for multiple franchises), an Opening Inventory Package priced at $8,000 per territory, and a Clothier Inventory Package costing $2,700 per clothier hired. These initial fees, along with potential On-Site Training expenses, are collectively deemed fully earned upon payment and are non-refundable.
For prospective Pearce Bespoke franchisees, it's crucial to understand that the initial franchise fee, along with other initial investments, is due upfront when signing the Franchise Agreement or Development Agreement. These fees are non-refundable, so careful consideration of the market potential and financial capacity is essential before committing to the franchise. The initial investment can vary significantly based on territory size, the number of franchises planned, and staffing needs.