What amount did Pearce Bespoke Franchising, LLC collect in franchise fees during 2024?

Based on the 2025 Pearce Bespoke Franchise Disclosure Document, while the document includes financial statements for the year ending December 31, 2024, it does not explicitly state the total amount of initial franchise fees collected during that year. The financial statements, including the balance sheet, statement of operations, and statement of cash flows, are included as exhibits, but a specific figure for franchise fees is not provided.

However, the FDD does detail how Pearce Bespoke recognizes revenue from initial franchise fees. These fees are recognized over the term of the franchise agreement, which is ten years. The FDD also mentions other fees, such as the initial equipment package fee of $8,000 and the Clothier Inventory Package fee of $2,700 per clothier, and how revenue is recognized upon the execution of the franchise agreement for these items.

To determine the exact amount of franchise fees Pearce Bespoke collected in 2024, a prospective franchisee should review the complete audited financial statements and consult with the franchisor directly. Requesting a breakdown of revenue sources would provide clarity on the initial franchise fee income for that specific year. This information is crucial for understanding the franchisor's financial performance and the overall health of the franchise system.