Pearce Bespoke

Item 7 pegs total initial investment at $42,919-$128,320 for a mobile retail setup selling custom men's and women's apparel and accessories—far leaner than brick-and-mortar fashion peers. The $55,900 franchise fee (Item 5) eats into the low end, and ongoing costs bite hard: 10% gross sales royalty (or escalating $100/week minimum), 2% brand/ad fund, $25 weekly ($100/month) technology fee, plus $385/month POS subscription (Item 6). Without Item 19 disclosure, there's no average unit volume or profit data, leaving would-be owners blind on margins in a market promising savings over traditional tailors; two SBA loans averaging $150,000 suggest franchisees tap debt for startup.

System health shines in Item 20 with franchised locations jumping 29% from 38 (2023) to 49 (2024), plus 25 projected new units amid just 2 corporate stores. But the yes on bankruptcy history (likely Item 21) underscores franchisor risks for a brand barely three years into franchising. High fixed fees could pressure cash flow in niche custom sales, making this a high-growth gamble—strong expansion signals demand, yet opacity on earnings and past instability demand deep diligence before committing.