What was the total number of Pearce Bespoke outlets 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 that Pearce Bespoke is a relatively new franchise system, with a small number of outlets in its early years. The growth from 3 outlets at the start of 2023 to 39 by the end of the year shows a significant expansion during that period.
It's important to note the breakdown between franchised and company-owned stores, as this can reflect the franchisor's strategy and priorities. The fact that Pearce Bespoke had both types of outlets suggests a mixed approach to market penetration and brand development.