What was the reported gross profit for Focus Cfo in the later of the two years presented?
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 23 — Receipts (FDD pages 37–126)
What This Means (2025 FDD)
I am unable to provide the gross profit for Focus CFO in 2024. While the 2025 Franchise Disclosure Document includes 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, the provided excerpts do not contain the specific gross profit figures from these financial statements.
To obtain this information, a prospective franchisee should carefully review the full Item 23 of the 2025 FDD, which contains the complete audited financial statements. If the gross profit is not explicitly stated, it may be possible to derive it from the revenue and cost of goods sold figures, if those are provided.
It is essential to understand Focus CFO's financial performance to assess the financial stability and potential profitability of the franchise. If the information is still unclear, a candidate should consider consulting with a financial advisor to help interpret the financial statements and understand the underlying profitability of Focus CFO.