What were the net revenues for Focalpoint Coaching for the year ended December 31, 2024?
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 company's audited financial statements include the net revenues for the years ended December 31, 2024, and 2023. These financial statements offer an overview of the company's financial performance during those periods. The independent auditor's report on the supplementary information also covers the net revenues for these years, attesting to their fair presentation in relation to the basic financial statements. This information is derived from the company's accounting records and has been subjected to auditing procedures.
Specifically, the auditor's report confirms that the audits of Focalpoint Coaching's financial statements for the years ended December 31, 2024, and 2023, were conducted to form an opinion on the basic financial statements taken as a whole. The schedules of net revenues are considered supplementary information required by accounting principles generally accepted in the United States of America. Management is responsible for this information, which is derived directly from the underlying accounting records.
Prospective franchisees can use this data to understand Focalpoint Coaching's revenue trends and overall financial health. Reviewing these audited financial statements and the auditor's report can provide insights into the stability and performance of the franchisor, which is crucial for making an informed investment decision. While the excerpt confirms that net revenues for 2024 and 2023 are included in the financial statements, the specific revenue figures are not provided in this excerpt.