When is the initial franchise fee for a Pearce Bespoke franchise considered earned?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
respective contracts. All amounts are in USD.
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- Initial Franchise Fee. The initial Franchisee Fee for a Pearce Bespoke Franchise is $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 initial Franchise Fee i
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 initial franchise fee is considered earned upon receipt. The initial franchise fee for a territory with a population between 50,000 and 200,000 people is $55,900, while it is $29,000 for a territory with a population of no more than 50,000 people. This fee is non-refundable.
This means that once Pearce Bespoke receives the initial franchise fee, it is deemed earned and is non-refundable to the franchisee. This is a common practice in franchising, as the franchisor incurs costs in evaluating and setting up a new franchisee. The franchisee should be aware of this policy and carefully consider their decision before paying the initial franchise fee.
Prospective franchisees should conduct thorough due diligence and seek professional advice before investing in a Pearce Bespoke franchise, understanding that the initial franchise fee is non-refundable once paid. This includes carefully evaluating the territory's population and potential market, as the initial fee varies based on population size.