What was the amount of equipment fees Pearce Bespoke collected in 2023?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
abilities and Members' Equity (Deficiency) | $ | 929,411 | $ | 71,811 |
PEARCE BESPOKE FRANCHISING, LLC STATEMENTS OF OPERATIONS AND MEMBERS' EQUITY (DEFICIENCY)
| Years Ended December 31, |
|---|
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 39)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, the company collected $168,000 in equipment fees during the year 2023. This figure is part of the overall revenue reported by Pearce Bespoke for that year.
For a prospective franchisee, this indicates the scale of investment in equipment across the franchise system. It is important to note that the initial equipment package fee is $8,000 per franchisee. The equipment fees are recognized as revenue upon the execution of the franchise agreement, meaning Pearce Bespoke recognizes this revenue when the franchisee gains control of the equipment.
Understanding the revenue streams of the franchisor, including equipment fees, can help a franchisee assess the financial stability and growth potential of the Pearce Bespoke franchise system. It's also worth comparing this figure with previous years to identify any trends or changes in the company's revenue model.