What vehicle was used as a price reference for vehicle costs for a Pearce Bespoke franchise?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
ower their initial vehicle investment requirement. You can choose the type of vehicle to purchase or lease, but we have used a Toyota Corolla price reference for purposes of this section. The total estimated cost to purchase the vehicle ranges between $21,000 - $30,000. Should you choose to finance your vehicle, our estimates are based on a 20% deposit on the final purchase invoice with the remainder financed over a 60-month term at an interest rate of 3%. The high side of our estimate is based upon three months of payments. Your deposit, term, and interest may vary. Additionally, the vehicle must be box wrapped with Pearce Bespoke app
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 15–19)
What This Means (2025 FDD)
According to the 2025 Pearce Bespoke Franchise Disclosure Document, a Toyota Corolla was used as a price reference for estimating vehicle costs. The FDD indicates that franchisees are not required to purchase or lease a vehicle, provided their vehicle is in good working condition and no more than five years old. The low-end estimate for vehicle costs assumes the franchisee already owns a suitable vehicle, while the high-end reflects the cost of purchasing or leasing a vehicle.
The total estimated cost to purchase a vehicle ranges from $21,000 to $30,000. If a franchisee chooses to finance the vehicle, Pearce Bespoke's estimates are based on a 20% deposit with the remainder financed over a 60-month term at a 3% interest rate. The high side of the estimate is based upon three months of payments. The FDD notes that the franchisee's actual deposit, term, and interest rate may vary.
Additionally, the vehicle must be box wrapped with Pearce Bespoke approved marks and logos, as described in the Manuals. The estimated initial investment for a vehicle lease is listed in the table as $0 to $1,500, payable to third-party suppliers before opening. This information is crucial for prospective franchisees to understand the potential costs associated with vehicle requirements and to plan their initial investment accordingly.