How does Pearce Bespoke require royalty fees, brand fund fees, and other fees to be paid?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
Pearce Bespoke requires you to allow us to withdraw royalty fees, brand fund fees, and other fees directly from your bank account.
Source: Item 6 — OTHER FEES (FDD pages 11–15)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, Pearce Bespoke requires franchisees to authorize them to directly withdraw royalty fees, brand fund fees, and other fees from the franchisee's bank account. This mandatory Electronic Funds Transfer (EFT) or Automated Clearing House (ACH) system ensures timely and consistent payments.
This type of payment system is a fairly standard practice in franchising, as it provides the franchisor with a reliable method for collecting ongoing fees. Franchisees should ensure they understand the exact amounts and due dates for all fees to avoid any overdrafts or penalties.
While the FDD specifies that Pearce Bespoke withdraws fees directly from the franchisee's bank account, it does not detail the specific frequency (e.g., weekly, monthly) for all fees. Franchisees should confirm the payment schedule for each type of fee with Pearce Bespoke during their due diligence process to manage their cash flow effectively.