How much revenue did Focalpoint Coaching collect in training fees during 2024?
Focalpoint_Coaching Franchise · 2025 FDDAnswer from 2025 FDD Document
Wightman & Company, CPAs, LLC
Las Vegas, Nevada
February 26, 2025
NET REVENUES Years Ended December 31, 2024 and 2023
| 2024 | 2023 | |||||
|---|---|---|---|---|---|---|
| Amount | Percent to Revenues | Amount | Percent to Revenues | |||
| Conference fee | $ 220,787 | 2.89% | $ | 174,681 | 2.85% | |
| Franchise fee | 2,367,359 | 31.03 | 2,181,700 | 35.64 | ||
| Marketing fee | 174,050 | 2.28 | 144,550 | 2.36 | ||
| Marketing fund | 48,645 | .64 | 42,428 | .69 | ||
| Royalty fee | 2,749,313 | 36.04 | 2,379,667 | 38.88 | ||
| Technology fee | 189,194 | 2.48 | 137,550 | 2.25 | ||
| Training |
Source: Item 21 — Financial Statements (FDD page 56)
What This Means (2025 FDD)
According to Focalpoint Coaching's 2025 Franchise Disclosure Document, the company collected $1,099,316 in training fees during the year 2024. This revenue accounted for 14.41% of Focalpoint Coaching's total revenues for that year.
Training fees are a significant revenue stream for Focalpoint Coaching. These fees are collected from both area representatives and unit franchisees for mandatory attendance of the initial training program. This is a one-time fee that is due upon the execution of the franchise agreement.
The revenue from training fees is recognized by Focalpoint Coaching when the training is completed. This means that the company only records the revenue after the training services have been provided to the franchisee. This policy ensures that the revenue recognition is aligned with the delivery of the training and the fulfillment of the company's obligations.
Prospective franchisees should consider the training fee revenue as a key indicator of the company's focus on initial franchisee support and the importance of training within the Focalpoint Coaching franchise system. The consistent percentage of revenue from training fees between 2023 and 2024 suggests a stable and ongoing emphasis on franchisee training.