What was the value of computer equipment, at cost, for Focalpoint Coaching in 2023?
Focalpoint_Coaching Franchise · 2025 FDDAnswer from 2025 FDD Document
f the total amount received is contributed to the fund and 15% is the Franchisor fee for the administration of the fund and marketing of the franchise.
Training fees
For both area representatives and unit franchisees there is a fee for the mandatory attendance of the FocalPoint Franchised Business initial training program. This is a one-time fee due upon execution of the franchise agreement and is recognized as revenue when training is completed.
Note 1. Nature of Business and Significant Accounting Policies (continued)
Technology fees
For both area representatives and Unit Franchisees there is an annual fee paid by the Franchisee's to the Franchisor for the Franchisor's costs associated with the creation, maintenance, and ongoing development of the intranet site and other technology used for the Franchise System.
Conference registration fee
For both area representatives and Unit Franchisees an annual fee paid by the Franchisees for the Franchisor's costs associated with the annual national and/or regional conferences for Franchisees. This fee is due beginning the thirteenth month from the execution of the franchise agreement.
Other
Unit Franchise – Non-refundable regional setup fee used to support Franchisor's initial setup procedures based on territory specific to the Franchisor's franchised business. This is a one-time fee upon execution of the franchise agreement.
A monthly subscription fee is charged and recognized as revenue from Franchisees for use of various platforms.
Cash equivalents:
For purposes of the statement of cash flows, the Company considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents.
Concentrations of credit risk:
The Company maintains its cash and cash equivalents in financial institutions which are insured by the Federal Deposit Insurance Corporation up to $250,000.
Fair value of financial instruments and accruals:
The carrying amounts of cash, short-term investments and accruals approximate fair value because of the short maturity of those instruments and accruals.
Note 1. Nature of Business and Significant Accounting Policies (continued)
Depreci
Source: Item 21 — Financial Statements (FDD page 56)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the financial statements of FocalPoint Coaching do not explicitly state the value of computer equipment at cost for the year ended December 31, 2023. While the document includes audited financial statements, notes on accounting policies, and supplementary information, it does not break down the specific cost of computer equipment as a separate line item. The financial statements provide details on revenue recognition, franchise fees, technology fees, and other financial activities, but not the specific value of computer equipment.
Prospective franchisees should note that the absence of this information in the FDD means they will need to seek clarification from FocalPoint Coaching directly. Understanding the value of computer equipment is important for assessing the overall capital investment required to start the franchise. This information can help franchisees plan their budget and understand potential depreciation expenses.
To gain a clearer understanding, potential franchisees should ask FocalPoint Coaching for a detailed breakdown of assets, including computer equipment, and their associated costs. This inquiry should extend to understanding the depreciation methods used for these assets, as mentioned in the accounting policies. Additionally, it would be beneficial to understand if there are specific technology requirements or standards that franchisees must adhere to, which could impact the type and cost of computer equipment needed.