What was the increase in cash for Pearce Bespoke in 2023?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
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| Contributions | - | | 54,245 | | Members' Equity (Deficiency), Ending | $ (471,984) | $ | 7,880 |
PEARCE BESPOKE FRANCHISING, LLC STATEMENTS OF CASH FLOWS
| Years Ended December 31, | ||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Operating Activities: | ||||
| Net Loss | $ (479,864) | $ | (46,365) | |
| Adjustments to reconcile net loss to net cash | ||||
| provided by (used in) operating activities: | ||||
| Net change in right-of-use asset | 150 | - | ||
| Changes in assets and liabilities: | ||||
| Accounts receivable | (22,188) | - | ||
| Deposits | (2,198) | - | ||
| Deferred consulting fee | (666,186) | (25,000) | ||
| Accounts payable | 72,934 | 7,591 | ||
| Accrued payroll taxes | 18,282 | 5,339 | ||
| Deferred franchise fee revenue | 1,201,715 | 51,000 | ||
| Net Cash Used in Operating Activities | 122,645 | (7,434) | ||
| Financing Activities: |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 39)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, the company's statement of cash flows includes data for 2023 and 2022. The net cash used in operating activities for 2023 was $122,645, while in 2022 it was $(7,434). The net cash provided by financing activities was $692 in 2023 and $54,245 in 2022.
Pearce Bespoke's cash flow statement provides insights into how the company generated and used cash during the specified periods. Operating activities reflect the cash flow from the company's core business operations, while financing activities show cash flow related to funding the business, such as through member contributions.
The increase in cash is not explicitly stated. The statement of cash flows would typically show the net increase or decrease in cash for each year. However, based on the information provided, a prospective franchisee can see the various factors influencing Pearce Bespoke's cash flow during those years.
To determine the precise increase in cash for 2023, a prospective franchisee should request the complete audited financial statements from Pearce Bespoke. This will provide a clearer picture of the company's financial performance and cash position.