What was the amount of franchise revenues for Pearce Bespoke in 2022?
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, | |||
|---|---|---|---|
| 2023 | 2022 | ||
| Revenues: Initial franchise fees Equipment fees | $ 164,210 168,000 | $ | - - |
| Franchise |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 39)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, franchise revenues for the company in 2022 totaled $36,593. This figure represents the income Pearce Bespoke recognized from its franchise operations during that year. Franchise revenues are distinct from other revenue streams such as initial franchise fees or equipment fees. These revenues are generated from ongoing fees franchisees pay to Pearce Bespoke. These fees are typically a percentage of the franchisee's gross sales or a fixed minimum amount.
For a prospective franchisee, this number provides insight into the revenue Pearce Bespoke generates from its existing franchisees. It can be used to assess the maturity and growth of the franchise system. A higher franchise revenue amount generally indicates a larger or more successful franchisee base. It is important to note that this figure does not reflect the profitability of Pearce Bespoke, as it does not account for the company's expenses.
When evaluating this information, potential franchisees should also consider the trend in franchise revenues over multiple years. The FDD shows that franchise revenues increased from $36,593 in 2022 to $153,238 in 2023. This increase could indicate rapid growth in the Pearce Bespoke franchise system. However, further investigation into the number of operating franchises and their individual performance would be needed to fully understand the drivers of this revenue growth. Comparing this revenue to other similar franchise systems can also provide a benchmark for evaluating Pearce Bespoke's performance.