What was the cash and cash equivalents at the beginning of 2023 for Focus Cfo?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
Contributions | 83,404 | 85,545 | 74,980 | | Distributions | (919,714) | (1,339,352) | (740,138) | | Balance as of end of period | $ 723,721 | $ 324,472 | $ 741,099 |
CONSOLIDATED STATEMENTS OF CASH FLOWS
Years Ending December 31, 2024, 2023 and 2022
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income | $ 1,235,559 | $ 837,180 | $ 990.076 |
| Adjustments to reconcile net income to net cash provided by operating activities | 4 1,200,000 | $ 007,100 | $ 000,070 |
| Depreciation and amortization | 10,395 | 7,796 | 1,667 |
| Changes in assets and liabilities: | • | , | |
| Decrease (increase) in accounts receivables | 21,701 | (9,392) | 56,245 |
| Decrease (increase) in other current assets | (42,342) | (35,739) | (24,311) |
| Decrease (increase) in other long term assets | 19,280 | 12,580 | |
| (Decrease) increase in accounts payable | 24,255 | (27,804) | 23,846 |
| Increase in accrued compensation | 121,379 | 265,620 | 35,457 |
| (Decrease) increase in other current liabilities | 91,265 | 2,179 | 20,017 |
| (Decrease) increase in other long term liabilities | 191,431 | 105,432 | - |
| Net cash provided by operating activities | 1,672,923 | 1,157,852 | 1,102,997 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Purchase of assets | (18,522) | (34,769) | |
| Net cash used by investing activities | (18,522) | (34,769) | |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Members' contributions | 83,404 | 85,545 | 74,980 |
| Members' distributions | (919,714) | (1,339,352) | (740,138) |
| Net cash used by financing activities | (836,310) | (1,253,807) | (665,158) |
| Net change in cash and cash equivalents | 836,613 | (114,477) | 40 |
Source: Item 23 — Receipts (FDD pages 37–126)
What This Means (2025 FDD)
According to Focus Cfo's 2025 Franchise Disclosure Document, the cash and cash equivalents at the beginning of 2023 was $1,423,684. This figure represents the amount of readily available funds Focus Cfo had at the start of the year, which can be used for day-to-day operations, investments, or other business activities.
For a prospective franchisee, understanding the franchisor's cash position is crucial. A healthy cash balance suggests financial stability and the ability to support franchisees. It indicates Focus Cfo's capacity to invest in system-wide improvements, marketing initiatives, and franchisee support programs.
However, it is important to consider this figure in the context of Focus Cfo's overall financial performance. Reviewing the complete financial statements, including revenues, expenses, and liabilities, will provide a more comprehensive understanding of the company's financial health. Additionally, comparing this cash balance to previous years and industry benchmarks can offer insights into Focus Cfo's financial trends and competitive position.