What were the net revenues for Focalpoint Coaching for the year ending 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 audited financial statements include the net revenues for the years ending December 31, 2024, and 2023. The financial statements and supplementary information were audited by Rich, Wightman & Company, CPAs, LLC, indicating that the net revenues presented are fairly stated in all material respects. These figures offer insight into the overall financial performance of Focalpoint Coaching.
The auditor's report on the supplementary information confirms that the schedules of net revenues are derived directly from the company's underlying accounting records. This provides a level of assurance that the reported revenues are accurate and reliable. Prospective franchisees can use this information to assess the financial health and stability of Focalpoint Coaching.
While the excerpt confirms that net revenues for the year ending December 31, 2024, are included in the financial statements, the specific revenue amount is not provided in this excerpt. To fully evaluate the opportunity, a prospective franchisee should carefully review the complete audited financial statements in Exhibit C of the FDD to ascertain the exact net revenues for both 2023 and 2024 and compare the revenues between the two years.