What was the deferred consulting fee for Pearce Bespoke in 2022?

According to Pearce Bespoke's 2025 Franchise Disclosure Document, the deferred consulting fee as of December 31, 2022, was $2,500. This figure is part of the current assets listed on the balance sheet.

Deferred consulting fees typically represent payments received for consulting services that have not yet been fully rendered. Pearce Bespoke recognizes this revenue over a period of time as the services are provided. For a prospective franchisee, this indicates that Pearce Bespoke receives payments for consulting, and a portion of these payments are recognized later as revenue as the related services are delivered.

It is important for potential franchisees to understand the nature of these consulting services and the conditions under which Pearce Bespoke defers the recognition of revenue. Understanding these details can provide insight into the financial practices and revenue recognition policies of the Pearce Bespoke franchise system.