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What was the total value of current assets for Focalpoint Coaching in 2024?

Focalpoint_Coaching Franchise · 2025 FDD

Answer from 2025 FDD Document

Wightman & Company, CPAs, LLC

Las Vegas, Nevada

February 26, 2025

BALANCE SHEETS December 31, 2024 and 2023

ASSETS

CURRENT ASSETS $ 117,881 $ 102,789
Cash
Accounts receivable, including $18,184 and
$18,334 of allowances for doubtfu

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 total current assets in 2024 were $276,450. This figure represents the sum of Focalpoint Coaching's cash, accounts receivable (less allowances for doubtful accounts), and prepaid expenses as of December 31, 2024. Understanding the composition and value of current assets is crucial for assessing the company's short-term financial health and ability to meet its immediate obligations.

For a prospective franchisee, this information provides insight into Focalpoint Coaching's financial stability. Current assets are those that can be readily converted into cash within a year. A higher value of current assets relative to current liabilities generally indicates a stronger liquidity position. Reviewing these figures over multiple years, as presented in the FDD, can reveal trends in Focalpoint Coaching's working capital management.

It is important to note that the accounts receivable are presented net of allowances for doubtful accounts, which reflects Focalpoint Coaching's estimate of uncollectible receivables. Prepaid expenses represent payments made in advance for goods or services, such as insurance or rent, that will be used in the future. Analyzing these components of current assets can provide a more detailed understanding of Focalpoint Coaching's financial condition.

Franchisees should compare these figures with industry benchmarks and with the financial statements of other franchise systems to assess the relative financial health of Focalpoint Coaching. Additionally, it would be prudent to inquire about the company's strategies for managing its current assets and ensuring sufficient liquidity to support its operations and growth.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.