What was the net loss for Pearce Bespoke as of December 31, 2024?

According to Pearce Bespoke's 2025 Franchise Disclosure Document, the company experienced a net loss of $(479,864) for the year ending December 31, 2023. This figure is important for prospective franchisees to consider as it provides insight into the company's financial performance. It's worth noting that the net loss for the year ending December 31, 2022, was significantly lower at $(46,365).

The document also details adjustments made to reconcile the net loss to net cash used in operating activities. These adjustments include a net change in the right-of-use asset of $150, changes in assets and liabilities such as accounts receivable ($(22,188)), deposits ($(2,198)), deferred consulting fee ($(666,186)), accounts payable $72,934, accrued payroll taxes $18,282, and deferred franchise fee revenue $1,201,715. These adjustments resulted in a net cash used in operating activities of $122,645.

Additionally, the FDD indicates financing activities, with related party payables of $692 and member contributions of $54,245. The net cash provided by financing activities was $692. The increase in cash was $123,337, with the cash at the beginning of the period being $46,811 and the cash at the end of the period not specified in this excerpt. A prospective franchisee should investigate the reasons behind the significant increase in net loss from 2022 to 2023 and understand how Pearce Bespoke plans to address this in the future.