What were the total operating expenses for Focus Cfo in 2022?
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 total operating expenses for the company in 2022 were $2,741,185. The FDD provides a breakdown of these expenses, which include regional administration, marketing, recruiting, office expenses, salaries and wages, insurance and taxes, outside services, training, and other expenses.
Specifically, the detailed breakdown shows that regional administration expenses were $21,707, marketing expenses totaled $133,904, and recruiting expenses amounted to $353,297. Office expenses were $48,009, while salaries and wages reached $1,492,794. Insurance and taxes accounted for $105,385, outside services cost $176,937, and training expenses were $289,218. Other expenses totaled $119,934.
Prospective franchisees can use this information to understand the types and amounts of expenses Focus Cfo incurs at the corporate level. While franchisees will have their own operating expenses, this gives insight into how the franchisor manages its finances. Reviewing these figures over the three-year period (2022-2024) can also reveal trends in expense management and resource allocation within the Focus Cfo organization.