What was the net change in the total number of Pearce Bespoke outlets (franchised and company-owned) 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 net change in the total number of outlets during 2024 was an increase of 9. This figure accounts for both franchised and company-owned outlets. At the start of 2024, there were 39 total outlets, which increased to 48 by the end of the year.
Specifically, the number of franchised outlets increased by 9, from 37 at the beginning of 2024 to 46 by the end of the year. During the same period, the number of company-owned outlets remained constant at 2. This indicates that all of the growth in the Pearce Bespoke system during 2024 came from the addition of franchised locations.
For a prospective franchisee, this information is useful in understanding the recent growth trajectory of Pearce Bespoke. The fact that all net growth in 2024 was from franchised locations may indicate a strategic focus on expanding through franchising rather than corporate-owned stores. This could mean more support and resources are directed towards franchisees.