What was the net income (loss) for Pearce Bespoke in 2022?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
abilities and Members' Equity (Deficiency) | $ | 929,411 | $ | 71,811 |
PEARCE BESPOKE FRANCHISING, LLC STATEMENTS OF OPERATIONS AND MEMBERS' EQUITY (DEFICIENCY)
| Years Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | ||
| Revenues: Initial franchise fees Equipment fees | $ 164,210 168,000 | $ | - - |
| Franchise revenues | 153,238 | 36,593 | |
| Royalties | 47,008 | 6,031 | |
| Rebates | 40,079 | 426 | |
| Total Revenues | 572,535 | 43,050 | |
| Operating Expenses | 1,052,399 | 89,414 | |
| Net Income (Loss) | (4 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 39)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, the company experienced a net loss in 2022. Specifically, the net income (loss) for Pearce Bespoke in 2022 was ($46,365).
This financial information is crucial for potential franchisees as it provides insight into the company's profitability and financial stability. A net loss indicates that the company's expenses exceeded its revenues during that period. While a single year's loss doesn't necessarily indicate long-term problems, it's important to consider the context and reasons behind the loss.
Prospective franchisees should investigate the factors contributing to the loss, such as high start-up costs, marketing expenses, or other investments. It would be prudent to compare Pearce Bespoke's financial performance with that of other similar franchises in the custom clothing and accessories industry to assess its relative financial health and growth potential. Reviewing subsequent years' financial statements to see if the company has improved its profitability is also advisable.