What was the amount of cash and cash equivalents Focalpoint Coaching had at the end of 2023?
Focalpoint_Coaching Franchise · 2025 FDDAnswer from 2025 FDD Document
3 | | | $ | 822,940 | $ | 641,697 |
BALANCE SHEETS December 31, 2024 and 2023
LIABILITIES AND STOCKHOLDERS' DEFICIT
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Source: Item 21 — Financial Statements (FDD page 56)
What This Means (2025 FDD)
According to Focalpoint Coaching's 2025 Franchise Disclosure Document, the company's cash and cash equivalents at the end of 2023 was $1,159,188. This indicates the amount of liquid assets Focalpoint Coaching had readily available to meet its short-term obligations and fund its operations at that time.
For a prospective franchisee, understanding the franchisor's cash position is crucial. A healthy cash balance suggests financial stability and the ability to support franchisees during challenging times or invest in system-wide improvements. Conversely, a low cash balance might raise concerns about the franchisor's ability to provide adequate support or maintain the brand's standards.
It is important to note that cash and cash equivalents represent only one aspect of Focalpoint Coaching's overall financial health. A prospective franchisee should review the complete financial statements, including the balance sheet, income statement, and cash flow statement, to gain a comprehensive understanding of the franchisor's financial condition and performance. Additionally, it would be prudent to compare these figures to industry benchmarks and the financial performance of other franchise systems to assess Focalpoint Coaching's relative financial strength.