FocalPoint Coaching Franchise FDD, Costs & Fees (2024)
KEY FRANCHISE STATS
All you need to know about this franchise in a snapshot
Initial franchise fee
$45,000
Investment required
$34,000 – $133,000
Royalty fee
$1,950 per month
FocalPoint Coaching: Elevating Business Success Through Proven Strategies
FocalPoint Coaching is a prominent business coaching franchise that was co-founded in 2000 by renowned business expert Brian Tracy and his partner Campbell Fraser. The franchise specializes in providing coaching and consulting services aimed at helping entrepreneurs, executives, and business owners achieve their personal and professional goals.
Leveraging over 30 years of proven business strategies, FocalPoint Coaching stands out by offering a structured yet flexible approach to coaching, allowing franchisees to tailor their services to meet the specific needs of their clients.
Headquartered in Henderson, Nevada, FocalPoint Coaching began offering franchise opportunities in 2011. The franchise's differentiation lies in its robust system rooted in Brian Tracy's methodologies, coupled with the flexibility it offers to its franchisees in terms of service delivery and business operations.
As of today, FocalPoint Coaching has established itself as a leading name in the business coaching industry, with a presence that continues to expand as more professionals seek to join its network and make a meaningful impact in their communities.
Initial investment
Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.
Type of Expenditure | Amount |
Initial Franchise Fee | $0 – $45,000 |
Regional Setup Fee | $3,950 |
Real Estate/Rent | $0 - $10,000 |
Computer System and Telephone | $500 - $5,000 |
Initial Training Fee | $16,950 |
Initial Marketing Fee | $2,950 |
Technology Fee | $0 - $1,250 |
Conference Registration Fee (for 1 person) | $0 - $1,800 |
Professional Fees | $0 - $4,000 |
Furniture, Equipment and Signs | $0 - $9,000 |
Business License and Permits | $0 - $2,000 |
Opening Inventory and Supplies | $100 - $3,000 |
Training Expenses (out-of-pocket costs for 1 person) | $500 - $1,500 |
Insurance – 3 months | $500- $7,000 |
Additional Funds - 3 months | $9,000- $20,000 |
TOTAL ESTIMATED INITIAL INVESTMENT | $34,000 – $133,400 |
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Franchise Disclosure Document
Training
FocalPoint Coaching Franchise provides a comprehensive training program designed to equip new franchisees with the skills and knowledge needed to succeed in the business coaching industry. The training is divided into several key components:
- Initial Training Program: New franchisees undergo an extensive initial training program, typically lasting several weeks. This program covers the foundational aspects of business coaching, including the methodologies developed by co-founder Brian Tracy. Franchisees learn how to apply these methods in real-world scenarios, ensuring they are prepared to deliver high-quality coaching services to their clients.
- Ongoing Support and Education: FocalPoint places a strong emphasis on continuous learning. After the initial training, franchisees have access to ongoing support, including webinars, workshops, and conferences. This ensures they stay up-to-date with the latest business trends and coaching techniques.
- Mentorship and Peer Support: FocalPoint fosters a strong community of coaches who support each other. New franchisees are often paired with experienced mentors who guide them through the early stages of their business. This mentorship is crucial in helping new franchisees navigate challenges and build a successful practice.
- Marketing and Sales Training: In addition to coaching techniques, FocalPoint provides training in marketing and sales, teaching franchisees how to attract and retain clients. This includes guidance on how to effectively use the brand's marketing materials and strategies to grow their business.
Territory Protection
FocalPoint Coaching does not offer traditional territory protection to its franchisees. Instead, the franchise operates on a model without exclusive territories, allowing coaches to work with clients in any geographic area.
This approach is designed to foster collaboration among franchisees, rather than competition, as it encourages sharing of clients and resources within the FocalPoint network.
While this lack of territory exclusivity might seem limiting, it provides franchisees with the flexibility to expand their client base beyond regional boundaries.