How many Pearce Bespoke franchises were sold during the period ended December 31, 2023?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
abilities and Members' Equity (Deficiency) | $ | 929,411 | $ | 71,811 |
PEARCE BESPOKE FRANCHISING, LLC STATEMENTS OF OPERATIONS AND MEMBERS' EQUITY (DEFICIENCY)
| Years Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | ||
| Revenues: Initial franchise fees Equipment fees | $ 164,210 168,000 | $ | - - |
| Franchise revenues | 153,238 | 36,593 | |
| Royalties | 47,008 | 6,031 | |
| Rebates | 40,079 | 426 | |
| Total Revenues | 572,535 | 43,050 | |
| Operating Expenses | 1,052,399 | 89,414 | |
| Net Income (Loss) | (4 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 39)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, the company generated $164,210 in initial franchise fees and $168,000 in equipment fees for the year ended December 31, 2023. These figures are associated with the sale of Pearce Bespoke franchises. However, the document does not explicitly state the number of franchises sold to generate this revenue. Instead, it focuses on the total revenue earned from these initial fees.
To determine the exact number of franchises sold, a prospective franchisee should refer to Item 20 of the FDD, which typically provides details on franchise sales and transfers. If this information is not available in Item 20, it is advisable to directly ask the franchisor for the specific number of franchises sold during that period. Understanding the rate at which Pearce Bespoke is selling franchises can provide insights into the brand's growth and market acceptance.
It's important to note that the initial franchise fee revenue and equipment fees may not directly translate into the number of franchises sold without knowing the exact fee structure. For example, there might be variations in the initial franchise fee or bundled offers that include equipment. Therefore, clarifying these details with Pearce Bespoke is essential for accurate assessment.