How many Pearce Bespoke franchises were operating in Nevada at the end of 2023?

According to Pearce Bespoke's 2025 Franchise Disclosure Document, there were four franchises operating in Nevada at the end of 2023. The document provides a breakdown of franchise locations by state and year, detailing the number of franchises at the start of the year, new franchises opened, terminations, non-renewals, re acquisitions by the franchisor, ceased operations, and the number of franchises at the end of the year. This information is crucial for prospective franchisees to understand the brand's presence and growth in specific geographic areas.

For a potential Pearce Bespoke franchisee, this data indicates the brand's expansion and current market saturation in Nevada. The fact that four franchises opened in Nevada during 2023 suggests a growing interest in the brand within the state. However, it's important to consider the performance and support provided to these existing franchises to gauge the overall health of the Pearce Bespoke system in Nevada.

It is also important to note that there were zero franchises at the start of 2023 and four at the end of 2023. This indicates that all four franchises in Nevada opened during 2023. This rapid growth could present both opportunities and challenges for new franchisees, such as increased brand awareness but also potential competition. A prospective franchisee should investigate the reasons behind this growth and assess the long-term viability of the Nevada market for Pearce Bespoke franchises.

Overall, the data presented in Item 20 offers valuable insights into the geographic distribution and growth trajectory of Pearce Bespoke franchises. By carefully analyzing this information, potential franchisees can make more informed decisions about whether to invest in a Pearce Bespoke franchise in Nevada or other states.