What were the total revenues for Pearce Bespoke in 2023?

The 2025 Pearce Bespoke Franchise Disclosure Document (FDD) does not explicitly state the total revenues for the year 2023. However, the FDD includes audited financial statements for the years 2022, 2023, and 2024, and provides a breakdown of revenues for 2024. This suggests that the total revenue for 2023 is likely available within the full financial statements included as Exhibit A.

While the excerpt does not provide the specific figure, it does offer insight into how Pearce Bespoke recognizes revenue. Initial franchise fees are recognized over the term of the franchise agreement (ten years), while royalties are collected and recognized weekly based on the previous week's sales. This information is helpful in understanding the revenue streams of Pearce Bespoke.

A prospective franchisee should carefully review Exhibit A of the FDD, which contains the complete audited financial statements, to find the total revenues for 2023. If this information is not present, they should directly ask Pearce Bespoke for clarification on their revenues for 2023 to gain a clearer understanding of the company's financial performance.