Pearce Bespoke Franchise FDD, Profits, Costs & Fees (2024)
Pearce Bespoke, founded in 2019, is a U.S.-based custom clothing company. It specializes in affordable, entry-level bespoke suits for young professionals.
The brand offers a mobile tailoring service, bringing convenience directly to clients. This model eliminates retail stores, lowering costs and improving accessibility.
In 2022, Pearce Bespoke launched its franchise program. Entrepreneurs can now operate home-based custom clothing services under the Pearce Bespoke name. By 2024, the company had grown to 32 U.S. franchise units. The low-cost model requires no inventory or staffing, making it easy to start.
Pearce Bespoke stands out for its quality craftsmanship and premium fabric options. The “Perfect Fit Guarantee” ensures customer satisfaction. The company continues to expand and invites franchisees passionate about fashion and business to join its network.
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Initial Investment
How much does it cost to start a Pearce Bespoke franchise? It costs on average between $30,000 – $121,000 to start a Pearce Bespoke franchised store.
This includes costs for mobile service setup, equipment, marketing materials, and initial operating expenses. The exact amount depends on various factors, including the franchisee’s location, the size of the target market, and the extent of customization required for the mobile operation.
| Type of Expenditure | Amount |
|---|---|
| Initial Franchise Fee | $25,000 – $49,500 |
| Travel and Living Expenses For Training | $199 – $2,500 |
| On-Site Training | $0 – $5,000 |
| Rent (3 months) | $0 – $1,500 |
| Opening Inventory & Equipment Package | $1,000 – $8,000 |
| Clothier Recruiting Services | $0 – $6,000 |
| Clothier Inventory Package | $0 – $5,400 |
| Uniforms | $500 – $3,750 |
| Advertising & Marketing Introduction Program | $1,000 – $5,000 |
| Technology Fee (3 months) | $100 – $300 |
| POS System Subscription Fee (3 months) | $1,315 |
| Computer System | $0 – $2,500 |
| Supplies | $350 – $1,000 |
| Insurance | $100 – $2,000 |
| Licenses and Permits | $100 – $500 |
| Professional Fees | $0 – $5,000 |
| Vehicle Lease | $0 – $1,500 |
| Additional Funds – 3 Months | $0 – $20,000 |
| TOTAL | $29,664 – $120,765 |
Average Revenue (AUV)
How much revenue can you make with a Pearce Bespoke franchise? A Pearce Bespoke franchised location makes on average $70,000 in revenue (AUV) per year.
Here is the extract from the Franchise Disclosure Document:
This compares to $691,000 yearly revenue for similar fashion franchises.
Below are a few competitors in comparison:
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Franchise Disclosure Document
Frequently Asked Questions
How many Pearce Bespoke locations are there?
As of the latest data, Pearce Bespoke operates 32 franchise locations across the United States. The company does not maintain any corporate-owned stores, focusing entirely on its franchise model
What is the total investment required to open a Pearce Bespoke franchise?
The total investment required to open a Pearce Bespoke franchise ranges from $30,000 to $121,000.
What are the ongoing fees for a Pearce Bespoke franchise?
Pearce Bespoke franchisees pay a 10% royalty fee on gross sales to support brand development and operations. Additionally, a 2% advertising fee on gross sales funds national and regional marketing efforts to drive customer engagement and brand visibility.
What are the financial requirements to become a Pearce Bespoke franchisee?
To become a Pearce Bespoke franchisee, you must have a minimum net worth of $200,000, ensuring the franchisee has sufficient overall financial stability. Additionally, a minimum of $50,000 in liquid capital is required to cover initial expenses and maintain adequate cash flow during the startup phase.
How much can a Pearce Bespoke franchise owner expect to earn?
The average gross sales for a Pearce Bespoke franchise are approximately $0.07 million per location. Assuming a 15% operating profit margin, $0.07 million yearly revenue can result in $11,000 EBITDA annually.
Who owns Pearce Bespoke?
Pearce Bespoke is owned by Nathan Pearce, who also serves as the CEO. Under his leadership, the company has grown significantly, focusing on delivering high-quality, custom-tailored clothing through an innovative mobile service model and franchise expansion.
Disclaimer
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