What is the nature of the business that Focalpoint Coaching franchisees operate?
Focalpoint_Coaching Franchise · 2025 FDDAnswer from 2025 FDD Document
NOTES TO FINANCIAL STATEMENTS
Note 1. Nature of Business and Significant Accounting Policies
Nature of business:
FocalPoint Coaching, Inc. (the "Company") is a Nevada corporation formed on March 14, 2008 ("inception") and remained dormant until beginning operations in early March, 2011. The Company sells franchises to operate a professional coaching business, and use the "FocalPoint Coaching" name, design and system within a specified territory that is approved by the Company.
The Company's franchise system is characterized by certain trademarks and logos, operating systems, training and marketing concepts, the manual, distinctive color scheme, and other elements, and includes methods for marketing and operating territories in the franchise industry.
The Company has one affiliate, FocalPoint International, Inc., by common ownership and control which operates a business similar to that being offered as a franchise.
A summary of the Company's significant accounting policies follows:
Recognition of revenue:
The Company has revenue recognition policies for each of their major revenue components. They are classified as either an area representative or a unit franchise.
Source: Item 21 — Financial Statements (FDD page 56)
What This Means (2025 FDD)
According to the 2025 Focalpoint Coaching Franchise Disclosure Document, Focalpoint Coaching, Inc. sells franchises that operate a professional coaching business. Franchisees are authorized to use the "FocalPoint Coaching" name, design, and system within a specified territory approved by the company.
The Focalpoint Coaching franchise system is defined by trademarks and logos, operating systems, training and marketing concepts, a manual, a distinctive color scheme, and methods for marketing and operating territories within the franchise industry.
The company recognizes revenue from both area representatives and unit franchisees. Unit franchisees own and operate a FocalPoint Franchised Business, offering proprietary products and services authorized by Focalpoint Coaching, utilizing the franchisor's business formats, methods, procedures, signs, designs, layouts, standards, specifications, and marks, collectively known as the "Franchise System."