What was the balance as of the beginning of the period for Focus Cfo in 2024?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| REVENUE | |||
| CFO services | $ 25,903,981 | $ 20,061,315 | $ 16,192,779 |
| Franchise and License fees | 611,345 | 416,000 | 308,000 |
| TOTAL REVENUE | 26,515,326 | 20,477,315 | 16,500,779 |
| COMMISSION EXPENSE | 21,147,246 | 16,047,125 | 12,769,451 |
| GROSS PROFIT | 5,368,080 | 4,430,190 | 3,731,328 |
| OPERATING EXPENSES | |||
| Regional administration | 70,804 | 40,386 | 21,707 |
| Marketing | 232,110 | 168,377 | 133,904 |
| Recruiting | 533,684 | 528,916 | 353,297 |
| Office expenses | 54,593 | 55,110 | 48,009 |
| Salaries and wages | 2,071,747 | 1,897,966 | 1,492,794 |
| Insurance and taxes | 115,263 | 126,131 | 105,385 |
| Outside services | 424,360 | 264,903 | 176,937 |
| Training | 509,785 | 385,752 | 289,218 |
| Other | 150,805 | 147,862 | 119,934 |
| TOTAL OPERATING EXPENSES | 4,163,151 | 3,615,403 | 2,741,185 |
| INCOME FROM OPERATIONS | 1,204,929 | 814,787 | 990,143 |
| OTHER INCOME (EXPENSE) NET | 30,630 | 22,393 | (67) |
| NET INCOME (LOSS) | $ 1,235,559 | $ 837,180 | $ 990,076 |
CONSOLIDATED STATEM
Source: Item 23 — Receipts (FDD pages 37–126)
What This Means (2025 FDD)
According to Focus Cfo's 2025 Franchise Disclosure Document, the balance as of the beginning of the period in 2024 was $324,472. This figure represents the company's financial standing at the start of the fiscal year, which is a key indicator of its financial health and stability.
For a prospective franchisee, understanding the beginning balance is crucial as it provides context for evaluating the company's subsequent financial performance throughout the year. It serves as a benchmark against which to measure growth, profitability, and overall financial management. A healthy beginning balance suggests that Focus Cfo is starting from a position of strength, which can be reassuring for those considering investing in the franchise.
The FDD also includes additional financial data, such as net income, contributions, and distributions, which, when analyzed in conjunction with the beginning balance, offer a comprehensive view of Focus Cfo's financial activities. Reviewing these figures allows potential franchisees to assess the company's ability to generate profits, manage cash flow, and allocate resources effectively. This information is vital for making an informed decision about whether to invest in a Focus Cfo franchise.