What was the total revenue for Focus Cfo in the earlier of the two years presented in the table?
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, |
Source: Item 23 — Receipts (FDD pages 37–126)
What This Means (2025 FDD)
According to Focus Cfo's 2025 Franchise Disclosure Document, the earliest year for which total revenue is listed is 2022. In 2022, Focus Cfo had a total revenue of $16,500,779. This total revenue is comprised of $16,192,779 in CFO services and $308,000 in franchise and license fees.
Focus Cfo generates revenue through two primary channels: CFO services provided to clients and franchise and license fees collected from franchisees. The CFO services revenue is earned under Professional Service Agreements (PSAs) with clients, where the price is determined by the number of service days required per month. Revenue from CFO services is recognized monthly as services are delivered. Franchise and license fees are collected when new franchises are sold.
Prospective franchisees should consider these revenue streams when evaluating the financial performance of Focus Cfo. Understanding the mix of revenue from CFO services versus franchise fees can provide insights into the company's operational strengths and growth strategies. Additionally, it's important to note that these figures reflect the consolidated performance of Focus CFO Group, LLC and its subsidiary, offering a comprehensive view of the company's financial health.