How many franchised Pearce Bespoke outlets were operating at the end of 2023?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets at the Start of | Outlets at the End of | Net Change |
|---|---|---|---|---|
| the Year | the Year | |||
| Franchised Outlets | 2022 | 0 | 1 | +1 |
| 2023 | 1 | 37 | +36 | |
| 2024 | 37 | 46 | +9 |
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, there were 37 franchised outlets operating at the end of 2023. This is a net increase of 36 franchised outlets during that year, starting with only one at the beginning of 2023. This information is part of the system-wide outlet summary.
It's important to note that while the total number of franchised outlets increased significantly, this doesn't necessarily reflect the performance or success of individual locations. A prospective franchisee should investigate the reasons behind the changes in outlet numbers, such as closures or transfers, to gain a better understanding of the franchise system's stability and growth.
For a potential Pearce Bespoke franchisee, this rapid growth in 2023 could indicate a strong demand for the brand's services or products. However, it also underscores the need to conduct thorough due diligence to ensure that this growth is sustainable and that the franchisor can adequately support a larger network of franchisees. Reviewing the performance of existing locations and understanding the franchisor's growth strategy are crucial steps in evaluating the franchise opportunity.