What was the total value of property and equipment, at cost, for Focalpoint Coaching in 2023?
Focalpoint_Coaching Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2023 | 2022 | |
|---|---|---|
| PROPERTY AND EQUIPMENT, at cost | ||
| Computer equipment | $ 32,573 | $ 31,036 |
| Furniture and fixtures | 21,698 | 15,573 |
| Website design | 0 | 108,360 |
| $ 54,271 | $ 154,969 | |
| Less accumulated depreciation | (46,340) | (145,677) |
| $ 7,931 | $ 9,292 |
Source: Item 21 — Financial Statements (FDD page 56)
What This Means (2025 FDD)
According to Focalpoint Coaching's 2025 Franchise Disclosure Document, the total value of property and equipment at cost for 2023 was $54,271. This figure represents the sum of the cost of computer equipment ($32,573), furniture and fixtures ($21,698), and website design ($0).
It is important to note that this is the 'at cost' value, meaning the original purchase price of these assets. The net value of property and equipment is lower due to accumulated depreciation, which is a reduction in value over time. For 2023, the accumulated depreciation was ($46,340), resulting in a net value of $7,931 for property and equipment.
A prospective Focalpoint Coaching franchisee should understand how these assets are used in the business and how depreciation affects the company's financial statements. It's also worth comparing these figures to previous years to identify any trends in capital investment. In 2022, the total property and equipment at cost was $154,969, indicating a significant decrease in 2023. This could be due to various factors, such as asset disposal or changes in investment strategy. A franchisee may want to inquire about the reasons for this change to better understand the company's financial management.