What was the total amount Focalpoint Coaching paid to suppliers and employees in 2022?
Focalpoint_Coaching Franchise · 2025 FDDAnswer from 2025 FDD Document
| Balance, ending (deficit) | $ | (249,741) | $ | (266,798) |
STATEMENTS OF CASH FLOWS Years Ended December 31, 2023 and 2022
| 2023 | 2022 | |
|---|---|---|
| Cash flows from operating activities: | ||
| Cash received from customers | $ 5,935,922 | $ 5,079,501 |
| Cash paid to suppliers and employees | (5,937,550) | (5,037,342) |
| Interest received | 1 | 0 |
| Interest paid | (316) | (498) |
| Other income | 39,416 | 29,613 |
| Income tax paid | (1,444) | (48,514) |
| Net cash provided by operating activities | $ 36,029 | $ 22,760 |
| Cash flows from investing activities: | ||
| Net cash applied to investing activities, | ||
| capital expenditures | $ (7,662) | $ (9,923) |
| Net increase in cash and cash equivalents |
Source: Item 21 — Financial Statements (FDD page 56)
What This Means (2025 FDD)
According to Focalpoint Coaching's 2025 Franchise Disclosure Document, the total cash paid to suppliers and employees in 2022 was $5,037,342. This figure is derived from the statement of cash flows, which details the movement of cash both into and out of the company. This number represents the total outflow of cash for operating activities related to suppliers and employees.
For a prospective franchisee, this indicates the scale of Focalpoint Coaching's operational expenses related to its supply chain and workforce. It is important to note that this figure reflects the expenses of the franchisor, Focalpoint Coaching, Inc., and not the expenses of an individual franchisee. Understanding the franchisor's financial obligations can provide insight into the overall financial health and stability of the franchise system.
It is also important to consider this figure in relation to Focalpoint Coaching's cash received from customers, which was $5,079,501 in 2022. Comparing these two figures provides a basic understanding of the company's cash flow from operations. A significant difference between cash inflows and outflows could indicate potential financial challenges or opportunities for growth and efficiency improvements.
Prospective franchisees should review the complete financial statements and consult with a financial advisor to fully understand the implications of these figures. Analyzing trends over multiple years, as well as comparing these figures to industry benchmarks, can provide a more comprehensive assessment of the financial performance of Focalpoint Coaching.