How many Pearce Bespoke franchises opened in Michigan during 2024?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2022 | 0 | | TOTAL | 2023 | 0 | | | 2024 | 0 |TABLE 3 Status of Franchised Outlets For Years 2022 to 2024
| State | Year | Franchises at the Start of the Year | Franchises Opened | Terminations | Non- Renewals | Reacquired by Franchisor | Ceased Operations/ Other Reasons | Franchises at the End of the Year |
|---|---|---|---|---|---|---|---|---|
| AL | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
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, one franchise opened in Michigan during 2024. The table provided in Item 20 outlines the status of franchises by state and year, including the number of franchises opened. In 2024, Michigan had one franchise open, which is a notable increase from the previous years, 2022 and 2023, where no franchises were open in the state.
For a prospective franchisee, this information indicates the growth and expansion of Pearce Bespoke into new markets. The opening of a franchise in Michigan during 2024 suggests that the brand is gaining traction and establishing a presence in the state. This could be a positive sign for individuals considering investing in a Pearce Bespoke franchise in Michigan, as it demonstrates the potential for growth and market penetration.
It is important to note that while one franchise opened in Michigan during 2024, the table does not provide details on the performance or success of that particular location. Prospective franchisees should conduct thorough research and due diligence to assess the market conditions and potential for success in their desired location. Additionally, it is advisable to contact existing Pearce Bespoke franchisees in Michigan to gain insights into their experiences and challenges.