What is the Technology Fee for a Pearce Bespoke franchise used for?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
he assets of the Franchise are transferred.
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- You must pay us, or a third party that we designate, a technology fee for various technology services that we will provide or arrange for third parties to provide to you, which services are subject to change over time (the "Technology Fee"). Currently, the Technology Fee is a pass-through cost for the technology services we provide for you from the date that you open your Business for business and will be collected in the same manner as the Royalty Fee and Brand Fund Fee. We reserve the right to implement a non-pass-through Technology Fee for technology and website development services we will provide. We reserve the right to increase the Technology Fee by providing you with written notice of any change at least thirty (30) days prior to the implementation of the new fee amount. We may add, delete, or otherwise modify the products and services that are included in the Technology Fee. In addition to the monthly Technology Fee, you will be responsible for any "per transaction" fee charged by third-party vendors for mobile application or online bookings, if any. The maximum increase for the Technology Fee is 10% annually.
Source: Item 6 — OTHER FEES (FDD pages 11–15)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, franchisees must pay a Technology Fee for various technology services that Pearce Bespoke provides or arranges for third parties to provide. These services are subject to change over time. Currently, this fee is a pass-through cost for technology services from the date the business opens and will be collected like the Royalty Fee and Brand Fund Fee. The Technology Fee is currently $25 per week but is subject to increases not exceeding 10% annually.
Pearce Bespoke retains the right to implement a non-pass-through Technology Fee for technology and website development services. They also reserve the right to increase the Technology Fee with 30 days' written notice. The company may also add, delete, or modify the products and services included in the Technology Fee. Franchisees are also responsible for any "per transaction" fees charged by third-party vendors for mobile application or online bookings.
On a weekly basis, Pearce Bespoke calculates the Gross Sales, Net Sales, and Credit Card Sales generated from the franchise operation. They then pay the franchisee the Net Sales generated from the franchise operation during the previous calendar week, minus the amount owed for the Technology Fee and any amounts owed to Pearce Bespoke or its affiliates.