To whom can a Focus Cfo Area President transfer their franchise?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
| l. Focus CFO's approval of transfer by Franchisee | Section 12.1 | Area Presidents are permitted to transfer their franchise to another Area President under certain conditions. | | m. Conditions for Focus CFO approval of assignment | Section 12.1 | (i) Focus CFO provides consent in writing to the transfer; (ii) Area President who desires to transfer their franchise ("Transferring Area President") has been a Franchisee for at least two (2) years and developed a Book of Business of at least $500,000 of collected (cash basis) revenue during the twelve (12) months preceding the desired transfer; (iii) Transferring Area President has identified another individual who is either an existing Focus CFO Franchisee prior to the transfer and not in breach of his or her Franchise Agreement or is willing to enter into the then current Franchise Agreement; (iv) Transferring Area President provides at least 90 days' written notice of Transfer to Focus CFO if the Transfer is to an existing Franchisee and at least 120 days' notice if to a new Franchisee; (v) Transferring Area President and Recipient Area President shall provide Focus CFO a summary of all the material terms and conditions upon which the Transfer is to be made; (v) Transferring Area President executes a general release. Transferring Area President's Franchise Agreement automatically terminates twelve (12) months from the date of transfer, if not terminated by the Transferring Area President at the date of transfer. |
Source: Item 17 — Renewal, Termination, Transfer, and Dispute Resolution (FDD pages 27–32)
What This Means (2025 FDD)
According to Focus Cfo's 2025 Franchise Disclosure Document, an Area President is permitted to transfer their franchise under specific conditions. Specifically, a Focus Cfo Area President can transfer their franchise to another existing Focus Cfo franchisee or to a new franchisee, provided certain requirements are met.
For a transfer to be approved by Focus Cfo, several conditions must be satisfied. First, Focus Cfo must provide written consent to the transfer. Second, the transferring Area President must have been a franchisee for at least two years and have developed a Book of Business generating at least $500,000 in collected revenue during the 12 months preceding the desired transfer. Third, the individual to whom the franchise is being transferred must either be an existing Focus Cfo franchisee in good standing or be willing to enter into the then-current Focus Cfo Franchise Agreement.
Additionally, the transferring Area President must provide written notice to Focus Cfo of the intended transfer. The notice period is 90 days if the transfer is to an existing franchisee and 120 days if the transfer is to a new franchisee. Both the transferring Area President and the recipient Area President must provide Focus Cfo with a summary of all material terms and conditions of the transfer. The transferring Area President must also execute a general release. The Franchise Agreement of the transferring Area President automatically terminates twelve months from the date of transfer, unless terminated earlier by the transferring Area President.