What was the net change in the number of company-owned Pearce Bespoke outlets during 2023?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
ITEM 20 OUTLETS AND FRANCHISEE INFORMATION*
TABLE 1 Systemwide Outlet Summary For Years 2022 to 2024
| Outlet Type | Year | Outlets at the Start of | Outlets at the End of | Net Change |
|---|---|---|---|---|
| the Year | the Year | |||
| Franchised Outlets | 2022 | 0 | 1 | +1 |
| 2023 | 1 | 37 | +36 | |
| 2024 | 37 | 46 | +9 | |
| --- | --- | --- | --- | --- |
| C |
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, the net change in company-owned outlets during 2023 was 0. At the start of 2023, there were 2 company-owned outlets, and by the end of the year, the number remained at 2. This indicates that Pearce Bespoke did not open or close any company-owned locations during that year.
For a prospective franchisee, this information provides insight into Pearce Bespoke's corporate growth strategy. The lack of change in company-owned stores during 2023 could suggest a focus on franchise expansion rather than corporate expansion. It is important to note that while there was no net change, this does not necessarily mean there was no activity. It is possible that Pearce Bespoke opened and closed an equal number of company-owned stores during the year, resulting in a net change of zero.
Franchisees should consider this information in the context of the overall franchise system. A company that primarily focuses on franchising may offer different support and resources compared to a company that heavily relies on company-owned stores. It is recommended that prospective franchisees inquire about Pearce Bespoke's long-term strategy for company-owned versus franchised locations to better understand the company's vision and potential impact on their investment.
It is also worth noting that the total number of outlets, including both franchised and company-owned, increased by 36 during 2023. This growth was entirely attributed to franchised outlets, which increased from 1 to 37. This further emphasizes the company's focus on franchise expansion during that period.