What was the operating income (loss) for Focalpoint Coaching for the year ended 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)
The 2025 FocalPoint Coaching Franchise Disclosure Document includes audited financial statements. However, the excerpt does not contain a specific line item labeled "operating income (loss)" for the year ended December 31, 2023.
While the auditor's report confirms that the financial statements present fairly the results of FocalPoint Coaching's operations, the provided excerpts do not break down the income statement to the level of detail required to identify operating income. The financial statements include items such as net revenues, cost of revenues, and general and administrative expenses, but these would need to be further analyzed to derive operating income.
A prospective FocalPoint Coaching franchisee should carefully review the complete audited financial statements in the FDD, specifically the income statement, to determine the company's operating income or loss for the stated period. If this information is not clearly presented, they should request clarification from FocalPoint Coaching's management or consult with a financial advisor to fully understand the company's financial performance.