Where can I find information about the general and administrative expenses for Focalpoint Coaching in the FDD?
Focalpoint_Coaching Franchise · 2025 FDDAnswer from 2025 FDD Document
Our report on our audits of the basic financial statements of FocalPoint Coaching, Inc. for the years ended December 31, 2024 and 2023 appear on pages 1 and 2. Those audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The schedules of net revenues, cost of revenues, general and administrative expenses on pages 18 through 19 are not a required part of the basic financial statements but are supplementary information required by accounting principles generally accepted in the United States of America. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the financial statements. The information has been subjected to the auditing procedures applied in the audit of the basic financial statements and, in our opinion, are fairly stated in all material respects in relation to the basic financial statements taken as a whole.
Source: Item 21 — Financial Statements (FDD page 56)
What This Means (2025 FDD)
According to Focalpoint Coaching's 2025 Franchise Disclosure Document, Item 21 includes the company's audited financial statements. The independent auditor's report indicates that schedules of net revenues, cost of revenues, and general and administrative expenses can be found on pages 18 through 19 for the years ended December 31, 2024, and 2023. These schedules are considered supplementary information required by accounting principles generally accepted in the United States of America, but are not a required part of the basic financial statements.
These schedules are the responsibility of Focalpoint Coaching's management and are derived from the company's underlying accounting records. The auditor's report states that the information presented in these schedules has been subjected to auditing procedures and, in the auditor's opinion, is fairly stated in all material respects in relation to the basic financial statements.
Prospective franchisees can review these schedules to understand Focalpoint Coaching's general and administrative expenses, which can provide insights into the company's operational costs and financial performance. Reviewing these expenses can help a franchisee understand how the franchisor is allocating resources and managing costs, which can be a factor in assessing the financial health and stability of the franchise system.