What was the amount of member contributions to 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 revenues | 153,238 | 36,593 | |
| Royalties | 47,008 | 6,031 | |
| Rebates | 40,079 | 426 | |
| Total Revenues | 572,535 | 43,050 | |
| Operating Expenses | 1,052,399 | 89,414 | |
| Net Income (Loss) | (4 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 39)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, member contributions in 2022 totaled $54,245. This figure reflects the financial input from members into the company during that year.
For a prospective franchisee, understanding member contributions can provide insight into the financial structure and stability of Pearce Bespoke. It's important to note that while contributions can bolster the company's financial position, they also represent capital invested by members, which may have implications for ownership and equity.
Reviewing the trend of member contributions over several years, as presented in the financial statements, can help potential franchisees assess the financial health and reliance on member funding. Comparing these contributions to other revenue streams and expenses can offer a more comprehensive view of Pearce Bespoke's financial strategy and sustainability.