When open for business, what personnel requirement must a Pearce Bespoke franchisee fulfill?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
During the term of this Agreement, the parties who have signed this Agreement on behalf of Franchisee will personally manage and operate Franchisee's business and will not, without Franchisor's prior written consent, delegate its authority and responsibility with respect to management and operation. If Franchisee is a corporate entity or a partnership, one individual will retain at least fifty percent (50%) of the equity and voting interest in such corporation or partnership and will be obligated to personally manage and operate the Franchisee's business.
Source: Item 22 — CONTRACTS (FDD page 39)
What This Means (2025 FDD)
According to the 2025 Pearce Bespoke Franchise Disclosure Document, if the franchisee is an individual, they must personally manage and operate the Pearce Bespoke business. They cannot delegate this responsibility without prior written consent from Pearce Bespoke.
If the franchisee is a corporation or partnership, at least one individual must retain at least 50% of the equity and voting interest in the entity. This individual is then obligated to personally manage and operate the Pearce Bespoke franchise.
This requirement ensures that someone with a significant stake in the business is actively involved in its day-to-day operations, maintaining brand standards and the quality of service expected by Pearce Bespoke.