What was the total revenue for Pearce Bespoke in 2024?

According to Pearce Bespoke's 2025 Franchise Disclosure Document, the total revenue for the company in 2024 was $1,190,697. This revenue is broken down into several categories, including franchise fees, royalties, advertising income, and other sources. Franchise fees accounted for $872,417 of the total revenue, while royalties contributed $98,271. Advertising brought in $19,654, and other revenue sources amounted to $200,355.

For a prospective franchisee, understanding the revenue streams of Pearce Bespoke is crucial. The majority of the revenue comes from franchise fees, which are typically one-time payments made by new franchisees. Royalties, on the other hand, represent a recurring revenue stream based on the sales of existing franchisees. The advertising revenue may be related to contributions to a brand fund, which is used for marketing and promotional activities. The "other" category could include various sources such as vendor rebates or other services provided by Pearce Bespoke.

It's important to note that while Pearce Bespoke generated significant revenue, the company also incurred substantial operating expenses. These expenses totaled $1,149,538 and included franchise-related costs, payroll, general and administrative expenses, advertising costs, and professional fees. After accounting for these expenses and other income/expenses, Pearce Bespoke reported a net loss of $22,237 for 2024. This indicates that while the company is generating significant revenue, it is also facing challenges in managing its expenses and achieving profitability.

Prospective franchisees should carefully review the financial statements and consider the company's revenue streams, expenses, and profitability when evaluating the franchise opportunity. It's also advisable to inquire about the specific factors that contributed to the net loss in 2024 and the steps Pearce Bespoke is taking to improve its financial performance.