How much notice will Pearce Bespoke provide before increasing the Technology Fee?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
We reserve the right to increase the Technology Fee by providing you with written notice of any change at least thirty (30) days prior to the implementation of the new fee amount. We may add, delete, or otherwise modify the products and services that are included in the Technology Fee. In addition to the monthly Technology Fee, you will be responsible for any "per transaction" fee charged by third-party vendors for mobile application or online bookings, if any. The maximum increase for the Technology Fee is 10% annually.
Source: Item 6 — OTHER FEES (FDD pages 11–15)
What This Means (2025 FDD)
According to the 2025 Pearce Bespoke Franchise Disclosure Document, Pearce Bespoke reserves the right to increase the Technology Fee, but they must provide franchisees with written notice of any change at least thirty (30) days before the new fee amount is implemented. The FDD also states that the maximum increase for the Technology Fee is 10% annually.
Currently, the Technology Fee is a pass-through cost for the technology services Pearce Bespoke provides from the date the franchisee opens their Business. This fee is collected in the same manner as the Royalty Fee and Brand Fund Fee. However, Pearce Bespoke reserves the right to implement a non-pass-through Technology Fee for technology and website development services.
In addition to the monthly Technology Fee, franchisees are responsible for any "per transaction" fee charged by third-party vendors for mobile application or online bookings, if any. It is important for prospective franchisees to factor in potential increases to the Technology Fee, as well as any additional per-transaction fees, when assessing the overall cost of operating a Pearce Bespoke franchise.