How many Pearce Bespoke franchises were operating in Florida at the start of 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, there were 10 franchises operating in Florida at the start of 2024. The table provided in Item 20 of the FDD details the number of franchises at the start of the year, franchises opened, terminations, non-renewals, franchises reacquired by the franchisor, franchises that ceased operations for other reasons, and the number of franchises at the end of the year for each state.
For a prospective franchisee, this information is useful in understanding the growth and stability of the Pearce Bespoke brand in Florida. The fact that the number of franchises remained constant throughout 2024 suggests that the existing locations were stable, with no closures or transfers during that year.
It is important to note that while the number of franchises in Florida remained constant in 2024, the FDD also projects one new Pearce Bespoke outlet in Florida for the next fiscal year. This suggests potential for further growth in the state. Reviewing the performance of existing Florida locations and understanding the reasons behind the projected new outlet would be prudent steps for a potential franchisee.