Is purchasing or leasing a vehicle required to operate a Pearce Bespoke Business?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
istent with the start-up of a franchised business.
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- Vehicle Lease. You are not required to purchase or lease a vehicle to operate your Business, provided your vehicle is in good working condition and no more than five (5) years old. The low-end amount assumes you have a vehicle that is paid off and in good working condition, whereas the high-end amount reflects the cost of purchasing or leasing a vehicle. Franchisees who choose to finance their vehicle through traditional financing sources, including banks, or other private financing companies can lower their initial vehicle investment requirement. You can choose the type of vehicle to purchase or lease, but we have used a Toyota Corolla price reference for purposes of this section. The total estimated cost to purchase the vehicle ranges between $21,000 - $30,000. Should you choose to finance your vehicle, our estimates are based on a 20% deposit on the final purchase invoice with the remainder financed over a 60-month term at an interest rate of 3%. The high side of our estimate is based upon three months of payments. Your deposit, term, and interest may vary. Additionally, the vehicle must be box wrapped with Pearce Bespoke app
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 15–19)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, purchasing or leasing a vehicle is not strictly required to operate the business. However, the FDD outlines considerations for vehicle use and branding.
The FDD states that if a franchisee already owns a vehicle in good working condition that is no more than five years old, they are not required to purchase or lease a new one. However, if a franchisee needs a vehicle, the estimated cost to purchase one ranges from $21,000 to $30,000, based on a Toyota Corolla price reference. The initial investment table in Item 7 includes a line item for "Vehicle Lease" with a low estimate of $0 and a high estimate of $1,500.
If a franchisee chooses to finance a vehicle, the estimates are based on a 20% deposit and the remainder financed over a 60-month term at a 3% interest rate. The high side of the estimate is based upon three months of payments. Regardless of whether the vehicle is owned or leased, it must be box wrapped with Pearce Bespoke approved marks and logos, as described in the Manuals.