What were the total operating expenses for Focus Cfo 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 total operating expenses for the company in 2024 were $4,163,151. This figure encompasses several categories of expenses, providing insight into where Focus Cfo allocates its resources. Understanding these expenses can help a prospective franchisee evaluate the financial health and operational efficiency of the franchisor.
The operating expenses are broken down into several categories. These include regional administration expenses which totaled $70,804, marketing expenses of $232,110, recruiting expenses amounting to $533,684, and office expenses of $54,593. Additionally, Focus Cfo had salaries and wages expenses of $2,071,747, insurance and taxes expenses of $115,263, outside services expenses of $424,360, training expenses of $509,785, and other expenses totaling $150,805.
For a prospective Focus Cfo franchisee, this detailed breakdown of operating expenses offers transparency into the franchisor's cost structure. It allows potential franchisees to assess how efficiently Focus Cfo manages its resources and to understand the relative importance of different operational areas. Reviewing these figures in comparison to previous years (2023 and 2022 are also provided in the table) can further reveal trends and potential areas of growth or concern.