What was the gross profit for Focus Cfo in 2024?
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 2024 was $5,368,080. This figure represents the revenue remaining after deducting commission expenses. For a prospective franchisee, this indicates the financial performance of Focus Cfo as a whole, before considering operating expenses.
Focus Cfo's FDD also shows the gross profit for the two prior years, allowing potential franchisees to assess trends. In 2023, the gross profit was $4,430,190, and in 2022, it was $3,731,328. This demonstrates a year-over-year increase in gross profit, which could be a positive indicator of the company's growth and financial health.
It is important to note that the gross profit does not reflect the complete financial picture, as it does not account for operating expenses such as regional administration, marketing, recruiting, office expenses, salaries, insurance, outside services, and training. A prospective franchisee should carefully review the complete financial statements, including all revenue and expenses, to gain a comprehensive understanding of Focus Cfo's profitability and financial stability.