What were the total operating expenses for Pearce Bespoke Franchising, LLC in 2024?

According to Pearce Bespoke's 2025 Franchise Disclosure Document, the total operating expenses for the company in 2024 were $1,149,538. These expenses are broken down into several categories. Franchise related costs totaled $472,821, payroll and related costs were $462,733, general and administrative expenses amounted to $172,454, advertising costs were $39,030, and professional fees were $2,500.

Understanding these operating expenses is crucial for prospective franchisees as it provides insight into the financial health and cost management of Pearce Bespoke. High operating expenses relative to revenue could indicate potential financial instability or inefficient management, while lower expenses might suggest better cost control and profitability.

For a potential franchisee, this information is essential for building a financial model and assessing the potential profitability of a Pearce Bespoke franchise. It's important to compare these expenses with industry benchmarks and to understand how they might impact the franchisee's own operating costs and potential earnings. Further due diligence, including discussions with existing franchisees, would be beneficial to gain a comprehensive understanding of these expenses and their implications.