What was the gross profit for Focus Cfo in 2022?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
ITY | 723,721 | 324,472 | | TOTAL LIABILITIES AND MEMBERS' EQUITY | $ 2,595,673 | $ 1,768,094 |
The accompanying notes are an integral part of these financial statements.
CONSOLIDATED STATEMENTS OF INCOME
Years Ending December 31, 2024, 2023 and 2022
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| REVENUE | |||
| CFO services | $ 25,903,981 | $ 20,061,315 | $ 16,192,779 |
| Fr |
Source: Item 23 — Receipts (FDD pages 37–126)
What This Means (2025 FDD)
According to Focus Cfo's 2025 Franchise Disclosure Document, the company's gross profit for the year 2022 was $3,731,328. This figure is derived from the company's total revenue of $16,500,779 less the commission expenses of $12,769,451 for that year.
Gross profit is a key indicator of a company's profitability, representing the revenue remaining after deducting the direct costs associated with providing services. For a prospective Focus Cfo franchisee, understanding the gross profit trend is crucial for assessing the financial health and potential of the franchise system. A growing gross profit indicates that the company is efficiently managing its direct costs and increasing its revenue-generating capacity.
It's important to note that while gross profit provides insight into operational efficiency, it does not account for other operating expenses such as regional administration, marketing, recruiting, office expenses, salaries, insurance, outside services, and training. These additional expenses are deducted to arrive at the net income, which offers a more comprehensive view of the company's overall profitability. Franchisees should consider both gross profit and net income when evaluating the financial performance of Focus Cfo.