What was the reported cost of software for Focalpoint Coaching in 2024?
Focalpoint_Coaching Franchise · 2025 FDDAnswer from 2025 FDD Document
| PROPERTY AND EQUIPMENT, at cost | ||||||
|---|---|---|---|---|---|---|
| Computer equipment | $47,510 | $32,573 | ||||
| Furniture and fixtures | 21,698 | 21,698 | ||||
| Software | 32,000 $101,208 | $54,271 | 0 |
Source: Item 23 — Receipts (FDD pages 57–259)
What This Means (2025 FDD)
According to Focalpoint Coaching's 2025 Franchise Disclosure Document, the reported cost of software in 2024 was $32,000. This figure is part of the company's assets, specifically listed under property and equipment at cost. The document also lists software costs for 2023, which totaled $54,271.
This information is relevant for prospective franchisees as it provides insight into Focalpoint Coaching's investment in software and how that investment has changed year-over-year. It's important to note that this figure represents the cost of the software to the company, not necessarily the cost a franchisee would incur.
Franchisees may want to inquire about what software is included in this cost, whether it is proprietary software developed by Focalpoint Coaching or third-party software, and how frequently the software is updated or replaced. Understanding these details can help a franchisee better assess the technology resources available to them and plan for any potential future software-related expenses.