To whom are the travel and living expenses for training paid for a Pearce Bespoke franchise?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
| TYPE OF | AMOUNT | METHOD | TO WHOM | ||
|---|---|---|---|---|---|
| EXPENDITURES1 | LOW | HIGH | OF | WHEN DUE | PAYMENT IS |
| ESTIMATE | ESTIMATE | PAYMENT | TO BE MADE | ||
| Initial Franchise Fee2 | $29,000 | $55,900 | Lump sum | When you sign the Franchise Agreement | Pearce Bespoke |
| Travel and Living Expenses For Training3 | $199 | $2,500 | As arranged | As incurred | Lodging, Transportation, and Meals |
| On-Site Training4 | $0 | $5,000 | As arranged | As incurred | Lodging, Transportation, and Meals |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 15–19)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, the travel and living expenses for training, which range from $199 to $2,500, are paid to cover lodging, transportation, and meals as they are incurred. This means franchisees will need to budget for these costs and pay the relevant providers directly.
Specifically, these expenses cover the costs for two people to attend the initial training program. Item 7 indicates that the low estimate assumes travel to the training facility in Baton Rouge, Louisiana, while the high estimate covers the costs if the franchisee requests on-site training at their location. In the latter case, the franchisee is responsible for Pearce Bespoke's travel, lodging, and other reasonable costs.
Prospective franchisees should consider these expenses when planning their initial investment. The amount can vary significantly based on the location of the training and the choices made regarding lodging and transportation. It is important to note that these expenses are in addition to the initial franchise fee, which ranges from $29,000 to $55,900, and other start-up costs.