How will Pearce Bespoke provide franchisees with a list of approved suppliers?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
M 8 RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES
You must operate your Franchise in accordance with our Business System. The Business System's standards and specifications relating to the establishment, operation, and regulation of your Franchise, include but are not limited to, goods, services, supplies, items, equipment, inventory, and real estate fixtures; computer hardware, software, search engine optimization services, client survey services; marketing materials, advertising and sales collateral, use of signs, letterhead, business cards, and other promotional materials; credit card processing services; insurance providers; vehicle manufacturers (including make and model); and all clothing manufacturers and distributers used in operating your Franchise.
Pearce Bespoke has negotiated or will negotiate programs with several manufacturers and suppliers so that franchisees may benefit from volume purchasing and prepaid freight programs. Third party vendors may charge franchisees directly for products or services. The Business System's standards and specifications are based upon our experience with various vendors, contractors, and suppliers in the custom clothing and franchising industries and we will provide you with a list of our approved suppliers ("Approved Suppliers"). Pearce Bespoke retains the sole and absolute discretion to make the final determination on all Approved Suppliers, however, we will consider supplier approval requests from franchisees upon written request. We will approve or disapprove a supplier within 30 days after we receive written notice from you. All suppliers you use must be approved by us before you can use them and may be 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 will provide franchisees with a list of approved suppliers, referred to as "Approved Suppliers." Pearce Bespoke retains the sole discretion to make the final determination on all Approved Suppliers. However, Pearce Bespoke will consider supplier approval requests from franchisees upon written request. Pearce Bespoke will approve or disapprove a supplier within 30 days after receiving written notice from the franchisee. All suppliers used by the franchisee must be approved by Pearce Bespoke before they can be used and may be subject to training and reporting requirements.
Pearce Bespoke has negotiated or will negotiate programs with several manufacturers and suppliers so that franchisees may benefit from volume purchasing and prepaid freight programs. Third-party vendors may charge franchisees directly for products or services. The Business System's standards and specifications are based upon Pearce Bespoke's experience with various vendors, contractors, and suppliers in the custom clothing and franchising industries.
Pearce Bespoke is also an approved supplier for certain items that franchisees are contractually obligated to purchase. These items include 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. Franchisees must license the POS/CRM software and purchase the computer hardware components for the POS System either from Pearce Bespoke 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, Pearce Bespoke had total revenues of $572,535, of which $234,000, or 40.1%, was derived in revenue from required franchisee purchases or leases. This indicates that a significant portion of Pearce Bespoke's revenue comes from franchisees purchasing required items, highlighting the importance of the approved supplier network.