How many franchised Pearce Bespoke outlets were there at the end of 2023?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
| Start Date | Name | Gross | Alterations | Travel | Shipping | Cost of | Credit Card | Marketing | Royalties |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | Sales | Fees | (Brand Fund) | ||||||
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change | |||||
| Franchised Outlets | 2022 2023 # | 0 1 | 1 37 | +1 +36 |
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 35–36)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, there were 37 franchised outlets at the end of 2023. This is a significant increase from the single franchised outlet at the end of 2022. At the start of 2023, there was only one franchised outlet. This indicates a substantial expansion of the Pearce Bespoke franchise system during that year.
For a prospective franchisee, this rapid growth suggests that Pearce Bespoke is actively expanding its franchise network. It could indicate a growing brand presence and potentially increasing brand recognition. However, it is important to investigate the reasons behind this growth. A potential franchisee should inquire about the support and resources Pearce Bespoke provides to new franchisees to ensure they can successfully operate their outlets.
It would also be prudent to investigate the performance of these new outlets opened in 2023 to understand their initial success and challenges. Understanding the growth trajectory and the factors contributing to it can help a prospective franchisee assess the potential risks and rewards of joining the Pearce Bespoke franchise system.