What is the transfer fee for a Pearce Bespoke franchise?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
subordinate to the transfereefranchisee's obligations to pay Royalty Fees or any other amounts due to Franchisor under the Franchise Agreement;
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- The transferee-franchisee successfully completes Franchisor's training program; and Franchisee pays Franchisor a transfer fee equal to the greater of (i) Ten Thousand Dollars ($10,000.00), or (ii) twenty five percent (2
Source: Item 22 — CONTRACTS (FDD page 39)
What This Means (2025 FDD)
According to the 2025 Pearce Bespoke Franchise Disclosure Document, a franchisee who wishes to transfer their franchise must pay a transfer fee to Pearce Bespoke. This fee covers the costs Pearce Bespoke incurs during the transfer process, including any required training for the new franchisee.
The transfer fee is the greater of two amounts: $10,000 or 25% of the then-current initial franchise fee. For example, if the initial franchise fee at the time of transfer is $50,000, the transfer fee would be $12,500 (25% of $50,000), as this is greater than the $10,000 minimum. The transferee also needs to meet Pearce Bespoke's qualifications and successfully complete the training program.
Notably, there is no transfer fee for transfers to immediate family members, specifically a spouse or children. This could be a significant benefit for franchisees planning to pass their business on to family. However, it is important to note that the franchisor retains the right to ensure the family member meets their qualifications.