What was the balance as of the end of the period for Focus Cfo in 2023?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
ONS | 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 STATEMENTS OF CHANGES IN MEMBERS' EQUITY
Years Ending December 31, 2024, 2023 and 2022
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Balance as of beginning of per |
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 end of the period in 2023 was $324,472. This figure represents the financial standing of Focus CFO Group, LLC at the close of the 2023 fiscal year, reflecting the cumulative effect of net income, contributions, and distributions throughout the year.
Understanding the balance at the end of a period is crucial for assessing the financial health and stability of Focus Cfo. For prospective franchisees, this number provides insight into the company's overall financial management and its ability to sustain operations and growth. It's a key indicator of the franchisor's financial responsibility and can influence a franchisee's confidence in the brand's long-term viability.
Reviewing these figures in comparison to previous years, such as 2022 and 2024, allows potential franchisees to identify trends and patterns in Focus Cfo's financial performance. Analyzing these trends can help in forecasting future financial outcomes and assessing the potential risks and rewards associated with investing in a Focus Cfo franchise. It is important to note that this balance reflects the overall financial position of the company and not necessarily the financial performance of individual franchise locations.
Therefore, while this figure provides a snapshot of Focus Cfo's financial health, prospective franchisees should also consider other financial metrics and consult with financial advisors to gain a comprehensive understanding of the investment opportunity. This includes evaluating the company's revenue streams, expense management, and overall profitability to make an informed decision about joining the Focus Cfo franchise system.