What was the total number of Pearce Bespoke outlets (franchised and company-owned) at the start of 2023?
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, at the start of 2023, there were a total of 3 outlets. This number includes both franchised and company-owned outlets. Specifically, there was 1 franchised outlet and 2 company-owned outlets at the beginning of 2023.
For a prospective franchisee, this indicates the size and growth stage of the Pearce Bespoke franchise system. The relatively small number of outlets at the beginning of 2023 suggests that the franchise system is still in its early stages of expansion.
It's important to note the growth that occurred during 2023, as the total number of outlets increased from 3 to 39 by the end of the year. This rapid growth could signal increasing brand recognition and market penetration, which may be attractive to potential franchisees. However, it's also crucial to investigate the reasons behind this growth and whether it is sustainable.
Prospective franchisees should further investigate the performance of these outlets and the support provided by Pearce Bespoke to ensure successful growth and operation. Understanding the dynamics between franchised and company-owned stores can also provide insights into the franchisor's business strategy and priorities.