What was the net revenue for Focalpoint Coaching for the year ending December 31, 2023?
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, the financial statements include an independent auditor's report on supplementary information, including net revenues for the years ended December 31, 2024 and 2023. These figures are derived from the company's underlying accounting records and are the responsibility of the management. The report indicates that the net revenues have been subjected to auditing procedures and are fairly stated in relation to the basic financial statements.
However, the excerpt does not include the actual net revenue figures for either 2023 or 2024. The document only references that these figures are present on pages 17-18 for the years 2023 and 2022, and pages 18-19 for the years 2024 and 2023, but those pages are not included in this excerpt.
A prospective Focalpoint Coaching franchisee should carefully review the complete financial statements, including the specific net revenue figures, to understand the company's financial performance. Understanding Focalpoint Coaching's revenue trends is essential for assessing the potential profitability and stability of the franchise system. It would be prudent to ask the franchisor for the complete audited financial statements to make an informed investment decision.