Are there any anticipated material differences between the represented outlets and future Pearce Bespoke franchise outlet operations?
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, there are no anticipated material differences between the financial or operational characteristics of the affiliate-owned and franchised outlets represented and future franchise outlet operations. The FDD states that the affiliate-owned and franchised outlets are similar to the franchise being offered in terms of operations and product offerings. This suggests that Pearce Bespoke believes the historical performance data is a reasonable indicator of how new franchises might perform.
This statement is important for prospective franchisees because it implies that the financial performance data presented in Item 19 is relevant to their potential business. However, the document also includes a disclaimer: "Some outlets have earned this amount. Your individual results may differ. There is no assurance that you'll earn as much." This standard disclaimer acknowledges that individual franchisee performance can vary.
It is common for franchisors to include such statements in their FDDs, as financial performance can be affected by many factors, including location, management skills, local market conditions, and the franchisee's efforts. Prospective franchisees should carefully review the Item 19 financial performance representation, consider the factors that could affect their individual results, and conduct their own independent research and due diligence before investing in a Pearce Bespoke franchise.