What is the initial franchise fee for the first Pearce Bespoke franchised business?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
Initial Franchise Fees
The initial franchise fees are calculated as follows, unless otherwise specified in the agreement or via an amendment to the franchise agreement:
| Number of Franchised | each Franchised |
|---|
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 39)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, the initial franchise fee for the first franchised business is $49,500. This fee grants the franchisee the rights specified in the franchise agreement.
Pearce Bespoke uses a tiered initial franchise fee structure. The fee decreases for franchisees who purchase multiple units. The initial franchise fee is non-refundable and is recognized as revenue over the ten-year term of the initial franchise agreement.
For prospective Pearce Bespoke franchisees, understanding the initial franchise fee is crucial as it represents a significant upfront investment. It is important to note that this fee does not include other potential costs such as the equipment package fee of $8,000 or the Clothier Inventory Package fee of $2,700 per clothier.