What were the total assets reported for Focalpoint Coaching in 2024?
Focalpoint_Coaching Franchise · 2025 FDDAnswer from 2025 FDD Document
| ASSETS | ||||||
|---|---|---|---|---|---|---|
| 2024 | 2023 | |||||
| CURRENT ASSETS | ||||||
| Cash | $117,881 | $102,789 | ||||
| $18,334 | of | allowances for | doubtful | |||
| --- | --- | --- | --- | --- | --- | --- |
| accounts for 2024 and 2023, respectively | 113,702 | 191,057 | ||||
| Prepaid expenses | Total current assets | 44,867 $276,450 | 36,837 $330,683 | |||
| 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 | |||
| Less accumulated depreciation | (57,448) $43,760 | (46,340) $7,931 | ||||
| OTHER ASSETS | ||||||
| Intangible assets, net | $37,679 | $ | 0 | |||
| Other receivable | 465,051 $502,730 $822,940 | 303,083 $303,083 $641,697 |
Source: Item 23 — Receipts (FDD pages 57–259)
What This Means (2025 FDD)
According to Focalpoint Coaching's 2025 Franchise Disclosure Document, the company's total assets in 2024 were $822,940. This figure is comprised of several categories, including current assets, property and equipment, and other assets. Current assets totaled $276,450, which includes cash, accounts, and prepaid expenses. Property and equipment, after deducting accumulated depreciation, amounted to $43,760. Other assets, including intangible assets and other receivables, totaled $502,730.
When evaluating a franchise opportunity, a prospective franchisee should carefully examine the franchisor's balance sheet to assess its financial health and stability. A strong asset base can indicate the company's ability to support its franchisees and invest in the growth of the system. Reviewing the different asset categories can provide insights into the nature of the business and where its value lies. For Focalpoint Coaching, a significant portion of its assets are in the form of 'other receivables,' which could be an important area to investigate further to understand the nature and collectability of these receivables.
It is also useful to compare the asset figures from 2024 to those of the previous year, 2023, to identify any trends or significant changes. In this case, Focalpoint Coaching's total assets decreased from $641,697 in 2023 to $822,940 in 2024. This increase is primarily due to an increase in other assets. Monitoring these trends over time can help a franchisee understand the company's financial trajectory and potential risks or opportunities.
Overall, the asset information provides a snapshot of Focalpoint Coaching's financial position at a specific point in time. While it is just one piece of the puzzle, it is an important factor to consider when evaluating the franchise opportunity. Prospective franchisees should consult with a financial advisor to fully understand the implications of the franchisor's financial statements and how they may impact their investment.