What is the relationship between the affiliate-owned outlets and the Pearce Bespoke franchise being offered?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
The basis for inclusion of this Financial Performance Representation is the affiliate-owned and franchised outlets represented below are similar to the franchise being offered under this Disclosure Document in terms of operations and product offerings. There are no material financial or operational characteristics of the represented affiliate-owned and franchised outlets that are reasonably anticipated to differ materially from future franchise outlet operations.
Written substantiation for the financial performance representation will be made available to the prospective franchisee upon request.
Some outlets have earned this amount. Your individual results may differ. There is no assurance that you'll earn as much.
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 financial performance representation provided is based on both affiliate-owned and franchised outlets. Pearce Bespoke states that these outlets are similar to the franchise being offered in terms of operations and product offerings. This suggests that the performance of these existing outlets is considered a relevant indicator for potential franchisees.
Pearce Bespoke asserts that there are no significant financial or operational differences expected between the affiliate-owned and franchised outlets used in the financial performance representation and future franchise operations. This is important for prospective franchisees because it implies that the historical performance data is a reliable benchmark for what they might expect to achieve. However, the FDD also includes a disclaimer that individual results may vary and there is no guarantee of earning as much as the stated figures.
It is standard practice in the franchise industry for franchisors to use data from company-owned or similar franchise locations to provide potential franchisees with an idea of possible financial performance. This information helps franchisees assess the potential profitability and viability of the Pearce Bespoke franchise opportunity. The FDD also states that written substantiation for the financial performance representation will be made available to the prospective franchisee upon request, which allows franchisees to further investigate the data presented.