What was the net change in cash and cash equivalents for Focus Cfo in 2024?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Net change in cash and cash equivalents | 836,613 | (114,477) | 403,070 |
| Cash and cash equivalents, beginning | 1,309,207 | 1,423,684 | 1,020,614 |
| Cash and cash equivalents, ending | $ 2,145,820 | $ 1,309,207 | $ 1,423,684 |
| Net cash provided by operating activities | 1,672,923 | 1,157,852 | 1,102,997 |
| Net cash used by financing activities | (836,310) | (1,253,807) | (665,158) |
Source: Item 23 — Receipts (FDD pages 37–126)
What This Means (2025 FDD)
According to Focus Cfo's 2025 Franchise Disclosure Document, the net change in cash and cash equivalents for the company in 2024 was $836,613. This represents the increase or decrease in Focus Cfo's cash holdings during that year. At the beginning of 2024, Focus Cfo had $1,309,207 in cash and cash equivalents, and by the end of the year, this amount increased to $2,145,820.
This increase in cash and cash equivalents could be due to several factors, such as increased revenue, decreased expenses, or investments made by members. For instance, Focus Cfo's net cash provided by operating activities was $1,672,923 in 2024, while net cash used by financing activities was ($836,310). This indicates that the company generated a significant amount of cash from its operations, but also used a portion of it for financing activities, such as members' distributions.
For a prospective franchisee, this information is relevant because it provides insight into the financial health and stability of Focus Cfo. A positive net change in cash and cash equivalents suggests that the company is managing its finances effectively and has the resources to support its franchisees. However, it is important to consider the factors that contributed to this change, as well as the company's overall financial performance, before making a decision about investing in a franchise.