What was the total amount Focalpoint Coaching spent on professional services in 2024?
Focalpoint_Coaching Franchise · 2025 FDDAnswer from 2025 FDD Document
om companies affiliated through common ownership totaling $465,051 and $303,083, respectively. There are no specific repayment terms or interest noted.
Included in general and administrative expenses for the year ended December 31, 2024 and 2023 are amounts paid as management fees to companies affiliated through common ownership totaling $1,263,161 and $1,004,506, respectively. Management fees are charged to the Company by a
Source: Item 21 — Financial Statements (FDD page 56)
What This Means (2025 FDD)
According to Focalpoint Coaching's 2025 Franchise Disclosure Document, the exact amount spent on professional services in 2024 is not explicitly detailed. However, the document does mention management fees paid to affiliated companies and third-party advisors.
The FDD states that included in general and administrative expenses for the year ended December 31, 2024, are amounts paid as management fees totaling $1,263,161. These fees were paid to companies affiliated through common ownership, specifically FocalPoint International, Inc., along with unrelated third-party advisors.
While this figure includes payments to third-party advisors, it is not broken down to show the specific portion allocated to professional services versus management fees. A prospective franchisee should inquire with Focalpoint Coaching about a detailed breakdown of these expenses to understand the specific costs associated with professional services.