Under what circumstances are the initial fees for a Pearce Bespoke franchise refundable?

According to Pearce Bespoke's 2025 Franchise Disclosure Document, the initial fees, which include the Franchise Fee, Development Fee, Opening Inventory Package, On-Site Training costs, and Clothier Inventory Package, are generally not refundable under any circumstances once paid. The franchise fee is $55,900 for a territory with a population between 50,000 and 200,000 people, or $29,000 for a territory with a population of no more than 50,000 people. This fee is deemed fully earned by Pearce Bespoke upon payment.

Pearce Bespoke does not charge an initial training fee. However, if Pearce Bespoke agrees to train the franchisee at their location, the franchisee is responsible for covering the transportation, lodging, and other related travel costs for the Pearce Bespoke trainers. These on-site training expenses are capped at $5,000. The franchisee must also purchase an Opening Inventory Package for $8,000 per territory, and a Clothier Inventory Package for $2,700 per clothier hired.

Prospective Pearce Bespoke franchisees should be aware that due diligence is particularly important, as the initial fees are non-refundable. This is a fairly standard practice in franchising, as these fees cover Pearce Bespoke's initial costs in setting up the franchisee. Franchisees should carefully evaluate the territory, market conditions, and their own financial situation before signing the Franchise Agreement and paying the initial fees.