What must Focus Cfo complete before receiving initial fees and payments from franchisees in Maryland?

According to Focus Cfo's 2025 Franchise Disclosure Document, Focus Cfo must complete its pre-opening obligations under the franchise agreement before receiving initial fees and payments from franchisees in Maryland. This requirement is due to the Maryland Securities Commissioner mandating a financial assurance based on Focus Cfo's financial condition.

This deferral of initial fees and payments provides a level of financial protection for franchisees in Maryland. It ensures that Focus Cfo fulfills its initial obligations, such as providing training and resources, before the franchisee is required to pay the initial franchise fee. This arrangement reduces the risk for the franchisee, as they are not paying for services that have not yet been delivered.

This condition applies specifically to franchisees who are residents of Maryland or who will locate their franchise in Maryland. It is important for prospective franchisees in Maryland to understand this deferral and to confirm with Focus Cfo exactly what constitutes the completion of pre-opening obligations. This will help ensure a clear understanding of when the initial fees and payments will be due.