May Pearce Bespoke, its officers, or affiliated persons own an interest in Pearce Bespoke and be approved suppliers?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
subject to our training and reporting requirements.
Pearce Bespoke is an Approved Supplier for certain items for which you are contractually obligated to purchase in the operation of your Franchise. Pearce Bespoke, its officers and/or persons affiliated with us, may now or in the future own an interest in Pearce Bespoke and be Approved Suppliers of certain items of the Business System. Pearce Bespoke officers do not own any interest in any Approved Supplier. Approved Supplier items include, but shall not limited to, recruiting services, computer hardware, software, collaboration and communication services, telephone, information management system, credit/debit card processing, criminal history background checks, email marketing, online accounting, virtual phone systems and client online surveys. You must license the POS/CRM software and purchase the computer hardware components for the POS System (the "POS System") either from us or a third-party vendor which may be modified from time to time in the Manuals. In the last fiscal year ending on December 31, 2023, we had total revenues of $572,535 of which $234,000, or 40.1%, was derived in revenue from required franchisee purchases or leases. Our affiliates have not received any other rebates, discounts or other material consideration from any other suppliers based on your r
Source: Item 8 — RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES (FDD pages 19–20)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, Pearce Bespoke can be an approved supplier for certain items that franchisees are contractually obligated to purchase. Pearce Bespoke, its officers, and affiliated individuals may currently or in the future hold an interest in Pearce Bespoke and act as approved suppliers for specific components of the Business System. However, Pearce Bespoke officers do not own any interest in any Approved Supplier.
These approved supplier items include recruiting services, computer hardware, software, collaboration and communication services, telephone, information management systems, credit/debit card processing, criminal history background checks, email marketing, online accounting, virtual phone systems, and client online surveys. Franchisees are required to license the POS/CRM software and acquire the computer hardware components for the POS System either directly from Pearce Bespoke or from a third-party vendor, which may be subject to modifications outlined in the manuals.
In the fiscal year ending December 31, 2023, Pearce Bespoke's total revenues amounted to $572,535, with $234,000 (40.1%) derived from mandatory franchisee purchases or leases. The document states that Pearce Bespoke's affiliates have not received any rebates, discounts, or other material consideration from other suppliers based on required franchisee purchases of products, supplies, or equipment.