How many Pearce Bespoke franchises were operating in Michigan at the end 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 was one franchise operating in Michigan at the end of 2024. The table provided in Item 20 details the franchise activity by state over the past three years. In 2022 and 2023, there were no Pearce Bespoke franchises in Michigan.
The table shows that one Pearce Bespoke franchise opened in Michigan during 2024. There were no terminations, non-renewals, re acquisitions by the franchisor, or ceased operations for other reasons. Therefore, the single franchise that opened remained in operation, resulting in one franchise operating in Michigan at the end of 2024.
Prospective franchisees can use this information to understand the brand's growth and presence in specific states. It is important to note that past performance does not guarantee future results, but this data provides insight into Pearce Bespoke's expansion strategy and market penetration.