What items in the Pearce Bespoke Franchise Disclosure Document provide more details regarding pre-opening purchases/leases?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 11: FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING]
ITEM 11 FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING
Except as listed below, Pearce Bespoke is not required to provide you with any assistance.
Pre-Opening Assistance. Before you open your Franchise, Pearce Bespoke will:
-
- Provide assistance in your evaluation of the Franchise and leasing issues related to the Franchise and vehicle, if any, in accordance with the standards and specifications of the Business System (Franchise Agreement – Section 7(A)).
-
- Provide you with a list of the standard equipment, supplies, signs, and initial custom inventory of the Franchise (Franchise Agreement – Section 7I).
Pearce Bespoke 2025 FDD 21 3) Provide the mandatory training program described below (Franchise Agreement – Section 7(D)).
-
- Provide you with electronic copies of the Manuals. You must keep the Manuals confidential and return them when the Franchise Agreement terminates (Franchise Agreement – Section 7(F)).
-
- Assist you in developing a business plan template for your Franchise (Franchise Agreement Section 7(G)).
-
- Designate the boundaries of your Franchised Territory. We will determine the boundaries of your Franchised Territory prior to signing the Franchise Agreement. We consider population density and average household income (Franchise Agreement -Section 1(B)).
-
- You will have the right to advertise and sell products at the prices you determine (Franchise Agreement- Section 6(F)).
[Item 22: CONTRACTS]
RECEIPT
This Disclosure Document summarizes certain provisions of the franchise agreement and other information in plain language. Read this disclosure document and all agreements carefully.
If Pearce Bespoke Franchising, LLC offers you a franchise, it must provide this disclosure document to you 14 calendardays before you sign a binding agreement with, or make a payment to, the Franchisor or an affiliate in connection with the proposed franchise sale. New York requires that you be given this Disclosure Document at the earlier of the first personal meeting or 10 business days before the execution of any franchise or other agreement, or payment of any consideration that relates to the franchise relationship.
Source: Item 9 — FRANCHISEE'S OBLIGATIONS (FDD pages 20–21)
What This Means (2025 FDD)
According to the 2025 Pearce Bespoke FDD, Item 11 and Item 22 provide details regarding pre-opening purchases and leases. Item 11 states that Pearce Bespoke will provide assistance in evaluating the Franchise and leasing issues related to the Franchise and vehicle, if any, in accordance with the standards and specifications of the Business System. Additionally, Pearce Bespoke will provide a list of the standard equipment, supplies, signs, and initial custom inventory of the Franchise. Item 22 summarizes certain provisions of the franchise agreement and other information. It also states that Pearce Bespoke must provide the disclosure document to the franchisee 14 calendar days before signing a binding agreement or making a payment to the Franchisor or an affiliate in connection with the proposed franchise sale.
For a prospective Pearce Bespoke franchisee, this means that the franchisor offers support in assessing potential locations and lease terms for the mobile unit. They also furnish a detailed list of required equipment, supplies, signage, and initial inventory, which is essential for budgeting and planning the initial investment. The FDD and franchise agreement contain critical information about these pre-opening requirements, and franchisees must receive the FDD well in advance of committing to the franchise.
It is important to note that the franchisee is responsible for securing the vehicle and location, and the franchisor's assistance is limited to guidance and specifications. The franchisee should carefully review the list of required items and associated costs to ensure they have sufficient capital to meet these pre-opening obligations. Additionally, the franchisee should seek clarification from Pearce Bespoke regarding the specifics of the leasing assistance provided and any potential costs associated with it.