How many Pearce Bespoke franchises were operating in Tennessee 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 two franchises operating in Tennessee at the start of 2024. The table provided in Item 20 of the FDD offers a detailed breakdown of franchise locations by state and year, allowing prospective franchisees to understand the brand's existing market presence in specific geographic areas.
This information is valuable for potential franchisees as it provides insight into the saturation of Pearce Bespoke franchises in Tennessee. Knowing the number of existing franchises can help a new franchisee assess the competitive landscape and potential market opportunities in the state. It also gives an indication of the brand's acceptance and performance in that specific region.
Furthermore, the FDD indicates that there were two franchises in Tennessee at the end of 2024, with no additional franchises opening during that year. This suggests a period of stability in the Tennessee market for Pearce Bespoke, which could be interpreted as either a sign of market saturation or a strategic decision by the franchisor regarding expansion in that state. A prospective franchisee should inquire about Pearce Bespoke's future development plans for Tennessee to better understand the long-term potential.