How much did Pearce Bespoke spend on franchise related costs in 2024?

According to Pearce Bespoke's 2025 Franchise Disclosure Document, the company's franchise related costs for the year ending December 31, 2024, totaled $472,821. This figure is part of the operating expenses detailed in the company's statement of operations. Understanding this expense is crucial for potential franchisees as it reflects the costs Pearce Bespoke incurs to support and manage its franchise system.

This expense is a significant component of Pearce Bespoke's overall operating expenses, which totaled $1,149,538 for the same period. Franchise related costs are the single largest operating expense, exceeding payroll and related costs ($462,733) and general and administrative expenses ($172,454). This suggests that Pearce Bespoke invests heavily in activities directly related to franchising, such as franchisee training, support, and compliance.

For a prospective franchisee, this information indicates the level of investment Pearce Bespoke makes in its franchise network. While a high number can signal strong support systems, it's important to evaluate what specific services and resources are included within these costs. It would be prudent for potential franchisees to inquire about the breakdown of these franchise related costs to understand where the money is being allocated and how it directly benefits them.

Overall, the financial statement provides transparency into Pearce Bespoke's financial health and operational expenses. Reviewing these figures in detail, and comparing them to previous years, can provide valuable insights for anyone considering investing in a Pearce Bespoke franchise.