What was the total amount Focus Cfo spent on recruiting 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 |
| Franchise and License fees | 611,345 | 416,000 | 308,000 |
| TOTAL REVENUE | 26,515,326 | 20,477,315 | 16,500,779 |
| COMMISSION EXPENSE | 21,147,246 | 16,047,125 | 12,769,451 |
| GROSS PROFIT | 5,368,080 | 4,430,190 | 3,731,328 |
| OPERATING EXPENSES | |||
| Regional administration | 70,804 | 40,386 | 21,707 |
| Marketing | 232,110 | 168,377 | 133,904 |
| Recruiting | 533,684 | 528,916 | 353,297 |
| Office expenses | 54,593 | 55,110 | 48,009 |
| Salaries and wages | 2,071,747 | 1,897,966 | 1,492,794 |
| Insurance and taxes | 115,263 | 126,131 | 105,385 |
| Outside services | 424,360 | 264,903 | 176,937 |
| Training | 509,785 | 385,752 | 289,218 |
| Other | 150,805 | 14 |
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 recruiting expenses for the year 2024 totaled $533,684. This figure is part of the operating expenses detailed in the consolidated financial statements. Reviewing these expenses can provide insight into the financial management and resource allocation within Focus Cfo.
Focus Cfo's investment in recruiting reflects the company's efforts to attract and onboard new franchisees and licensees. These individuals are crucial for expanding the company's reach and service capabilities. The recruiting expenses may cover costs related to advertising, screening, interviewing, and training new personnel.
Understanding the specific components of these recruiting expenses can be valuable for potential franchisees. It can highlight the resources Focus Cfo dedicates to supporting its network and maintaining its service quality. It's also worth noting that recruiting expenses can fluctuate depending on the company's growth strategy and market conditions. Comparing these expenses over multiple years, as presented in the table, can reveal trends and patterns in Focus Cfo's approach to talent acquisition.