What were the net revenues for Focalpoint Coaching for the year ended December 31, 2023?
Focalpoint_Coaching Franchise · 2025 FDDAnswer from 2025 FDD Document
INDEPENDENT AUDITOR'S REPORT ON THE SUPPLEMENTARY INFORMATION
To the Board of Directors FocalPoint Coaching, Inc. Henderson, Nevada
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.
Rich, Wightman & Company, CPAs, LLC
Las Vegas, Nevada
February 26, 2025
Source: Item 21 — Financial Statements (FDD page 56)
What This Means (2025 FDD)
According to FocalPoint Coaching's 2025 Franchise Disclosure Document, the document includes an Independent Auditor's Report on the supplementary information regarding net revenues for the years ended December 31, 2024 and 2023. This report indicates that the schedules of net revenues are supplementary information derived from the company's underlying accounting records and have been subjected to auditing procedures. The auditor's opinion is that the net revenues are fairly stated in all material respects in relation to the basic financial statements taken as a whole. However, the specific net revenues for the year ended December 31, 2023 are not present in the provided excerpts.
While the auditor's report confirms the accuracy of the net revenue figures, the actual figures are not disclosed in this excerpt. A prospective franchisee would need to consult the full financial statements within the FDD to determine the exact net revenues for FocalPoint Coaching for the year ended December 31, 2023.
To gain a comprehensive understanding of FocalPoint Coaching's financial performance, a potential franchisee should review the complete audited financial statements, paying close attention to the net revenue figures and any trends or fluctuations in revenue over the reported periods. This information is crucial for assessing the financial health and stability of the franchisor.