What was the total amount Focalpoint Coaching spent on conference expenses in 2024?
Focalpoint_Coaching Franchise · 2025 FDDAnswer from 2025 FDD Document
1,385 | 49.17% | $ | 3,168,080 | 51.76% | |
GENERAL AND ADMINISTRATIVE EXPENSES Years Ended December 31, 2024 and 2023
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Amount | Percent to Revenues | Amount | Percent to Revenues | ||
| Advertising | $ 76,025 | 1.00% | $ | 82,590 | 1.35% |
| Amortization | 1,167 | .02 | 0 | 0 | |
| Assessment fee | 76,128 | 1.00 | 105,807 | 1.73 | |
| Automotive expenses | 14,231 | .19 | 7,396 | .12 | |
| Bad debt | 16,260 | .21 | 45,020 | .74 | |
| Banking costs | 35,539 | .47 | 18,139 | .30 | |
| Computer support | 150,790 | 1.98 | 133,274 | 2.18 | |
| Conference | 321,862 | 4.22 | 169,908 | 2.78 | |
| Depreciation | 11,108 | .14 | 9,023 | .15 | |
| Donations | 1,548 | .02 | 553 | .01 | |
| Dues and subscriptions | 19,914 | .26 | 4,933 | .08 | |
| Insurance | 10,556 | .14 | 34,243 | .56 | |
| Management fee | 1,263,161 | 16.56 | 1,004,506 | 16.41 | |
| Meals and entertainment | 99,971 | 1.31 | 98,599 | 1.61 | |
| Office expense | 16,715 | .20 | 17,759 | .29 | |
| Payroll taxes | 67,708 | .89 | 36,524 | .60 | |
| Penalties | 31,924 | .42 | 39,386 | .64 | |
| Postage | 3,827 | .05 | 4,365 | .07 | |
| Professional services | 282,302 | 3.70 | 183,007 | 2.99 | |
| Rent | 1,500 | .02 | 1,500 | .02 | |
| Salaries and wages | 255,393 | 3.35 | 258,968 | 4.23 | |
| Taxes and licenses | 216,806 | 2.84 | 244,083 | 3.99 | |
| Telephone | 9,718 | .13 | 6,180 | .10 | |
| Traini |
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 conference expenses totaled $321,862 in 2024. This figure represents 4.22% of Focalpoint Coaching's revenues for that year.
For a prospective franchisee, this indicates the level of investment Focalpoint Coaching makes in conferences, which could be for training, networking, or promotional purposes. Understanding the purpose of these conferences would be a key consideration for a new franchisee.
By comparison, in 2023, Focalpoint Coaching spent $169,908 on conferences, which was 2.78% of revenues. The substantial increase in conference spending from 2023 to 2024 suggests a change in strategy or increased activity in this area. A potential franchisee may want to inquire about the reasons for this increase and whether it is expected to continue in the future.