What was the amount of royalties Pearce Bespoke collected in 2023?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached as Exhibit A to this Disclosure Document are our audited financial statements for 2022, 2023, and 2024. Our fiscal year ends on December 31.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 39)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the financial statements for Pearce Bespoke Franchising, LLC are audited for the years 2022, 2023, and 2024. However, the specific amount of royalties collected by Pearce Bespoke in 2023 is not explicitly detailed in the provided excerpts.
While the FDD includes information on how franchise royalties are calculated (either 10% of gross revenue or a minimum weekly fee that increases over the first three years), it does not state the total royalty revenue the company received in 2023. The FDD does mention that financial statements are included as an exhibit, and these statements would typically contain revenue information.
Therefore, a prospective Pearce Bespoke franchisee should review the complete audited financial statements for 2023, which are referenced as Exhibit A, to determine the exact amount of royalty revenue. If those statements are not included or are incomplete, the franchisee should directly ask Pearce Bespoke for this figure to fully understand the company's revenue streams and financial performance.