How many company-owned Pearce Bespoke outlets did Pearce Bespoke reacquire from franchisees in 2023?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlets at the | Outlets | Outlets | Outlets at | ||||
|---|---|---|---|---|---|---|---|
| Outlets | Reacquired | Outlets | |||||
| State | Year | Start of the Year | Opened | From Franchisees | Closed | Sold to Franchisees | the End of the Year |
| LA | 2022 | 0 | 2 | 0 | 0 | 0 | 2 |
| 2023 | 2 | 0 | 0 | 0 | 0 | 2 | |
| 2024 | 2 | 0 | 0 | 0 | 0 | 2 | |
| 2022 | 0 | 2 | 0 | 0 | 0 | 2 | |
| TOTAL | 2023 | 2 | 0 | 0 | 0 | 0 | 2 |
| 2024 | 2 | 0 | 0 | 0 | 0 | 2 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 36–39)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, the company reacquired zero franchises in 2023. The table provided in Item 20 of the FDD details the status of company-owned outlets for the years 2022 to 2024.
The table shows that in 2023, Pearce Bespoke had two company-owned outlets at the start of the year in Louisiana. During that year, they opened zero new outlets, reacquired zero from franchisees, closed zero, and sold zero to franchisees. Consequently, they ended 2023 with two company-owned outlets.
This data indicates that Pearce Bespoke did not focus on reacquiring existing franchised locations to convert them into company-owned operations during that period. Instead, their strategy involved establishing new franchise units, as evidenced by the net increase in franchised outlets from 1 to 37 during 2023, as shown in Table 1 of the FDD.