Does Focus Cfo provide financial statements for 2022?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the accompanying consolidated balance sheets of Focus CFO Group, LLC and Subsidiary (the Company) (a Limited Liability Company) as of December 31, 2024 and 2023, and the related consolidated statements of income, members' equity, and cash flows for the three years ended December 31, 2024, 2023, and 2022, and the related notes to the consolidated financial statements. In our opinion the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Focus CFO Group, LLC and Subsidiary as of December 31, 2024, 2023, and 2022, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 21 — Financial Statements (FDD page 37)
What This Means (2025 FDD)
According to Focus Cfo's 2025 Franchise Disclosure Document, the company includes audited consolidated financial statements that cover the years 2022, 2023, and 2024. These statements include the consolidated balance sheets as of December 31, 2024 and 2023, and the related consolidated statements of income, members' equity, and cash flows for the three years ended December 31, 2024, 2023, and 2022, along with related notes.
The inclusion of these financial statements is confirmed by the independent auditor's report, which states that the financial statements present fairly the financial position of Focus CFO Group, LLC and Subsidiary as of December 31, 2024, 2023, and 2022. The auditor's report also mentions that certain errors were discovered by management, leading to a restatement of the 2023 financial statements, but this does not modify the auditor's opinion on the accuracy of the statements.
Prospective franchisees should carefully review these audited financial statements and the accompanying notes to understand Focus Cfo's financial performance, including revenues, expenses, assets, liabilities, and cash flows, over the past three years. This information can help potential franchisees assess the financial stability and historical performance of Focus Cfo, which is a crucial part of their due diligence before investing in a franchise.