What was the net change in the total number of Pearce Bespoke outlets during 2024?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 | |
| --- | --- | --- | --- | --- |
| Company-Owned | 2022 | 0 | 2 | +2 |
| Outlets | ||||
| 2023 | 2 | 2 | 0 | |
| 2024 | 2 | 2 | 0 | |
| 2022 | 0 | 3 | +3 | |
| Total Outlets | 2023 | 3 | 39 | +36 |
| 2024 | 39 | 48 | +9 |
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 total number of outlets experienced a net increase of 9 locations during 2024. This includes both franchised and company-owned outlets. Specifically, the number of franchised outlets increased by 9, while the number of company-owned outlets remained the same.
For a prospective franchisee, this indicates a period of growth for Pearce Bespoke. The increase in franchised locations suggests that the franchise system is expanding and attracting new franchisees. This growth could translate to increased brand recognition and potentially a larger customer base for all franchisees.
However, it's important to note that while the overall number of outlets increased, the number of company-owned stores remained constant. A potential franchisee might want to inquire about Pearce Bespoke's strategy regarding company-owned stores and how that strategy might impact franchisees. Understanding the balance between franchised and company-owned locations can provide insights into the franchisor's long-term vision and commitment to the franchise model.
Overall, the net change in outlets provides a snapshot of Pearce Bespoke's growth trajectory. While positive growth is generally a good sign, prospective franchisees should conduct thorough due diligence to understand the factors driving this growth and how it might affect their individual franchise.