What was the net change in the number of Pearce Bespoke franchised outlets in 2022?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
---|---|---|---|---|---|---| | | | Revenue | | | | Sales | Fees | (Brand Fund) | | | | | | | | | | | | | | Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change | | | | | | | | | | | |
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 35–36)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, the net change in the number of franchised outlets during 2022 was an increase of one location. At the start of 2022, there were zero franchised outlets, and by the end of the year, this number increased to one.
This information is crucial for potential franchisees as it provides insight into the growth and expansion of the Pearce Bespoke franchise system. A positive net change suggests that the franchise is growing, which can be an attractive factor for new franchisees. However, it is important to consider this number in the context of the overall size of the franchise system.
Prospective franchisees should further investigate the reasons behind the net change in outlet numbers. Understanding the factors that contributed to this change, such as successful openings or closures, can provide a more comprehensive view of the franchise's performance and stability. It's also advisable to compare these figures with those of other similar franchises to benchmark Pearce Bespoke's growth against industry standards.