According to the provided table, what were the total revenues for Pearce Bespoke?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
| Revenues: | |||
|---|---|---|---|
| Initial franchise fees | $ 1 64,210 | $ - | |
| Equipment fees | 1 68,000 | - | |
| Franchise revenues | 153,238 | 3 | 6,593 |
| Royalties | 4 7,008 | 6 | ,031 |
| Rebates | 4 0,079 | 4 | 26 |
| Total Revenues | 5 72,535 | 4 | 3,050 |
| Operating Expenses | 1 ,052,399 | 8 | 9,414 |
| Net Income (Loss) | ( 479,864) | ( 46,365) | |
| Members' Equity, Beginning | 7 ,880 | - | |
| Contributions | - | 54,245 | |
| Members' Equity (Deficiency), Ending | $ ( 471,984) | $ 7,880 |
Source: Item 23 — RECEIPTS (FDD pages 39–172)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, the total revenues are detailed in Item 23. The provided table shows a breakdown of revenues, including initial franchise fees, equipment fees, franchise revenues, royalties, and rebates. The total revenues listed are $572,535. It is important to note that this figure is part of a larger financial picture that includes operating expenses and net income (loss).
Specifically, the table also lists operating expenses of $1,052,399, resulting in a net loss of $479,864. This indicates that, at least for the period covered by the table, Pearce Bespoke's expenses exceeded its revenues. Prospective franchisees should carefully consider these figures and understand the factors contributing to the net loss.
Furthermore, the table provides additional context by showing members' equity at the beginning and end of the period, as well as any contributions made. This broader financial overview can help potential franchisees assess the overall financial health and stability of Pearce Bespoke. Reviewing these figures in detail and comparing them to industry benchmarks is a crucial step in evaluating the franchise opportunity.