What is the dependency between Focus Cfo's pre-opening obligations and the payment of initial fees?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
e supplies and equipment necessary to operate the Franchise is discussed in Section 9 of this Agreement.
4. FRANCHISE FEE AND ONGOING FEES
- 4.1. Upon execution of this Agreement, Franchisee shall pay Focus CFO a lump sum initial franchise fee (the "Franchise Fee"). The Franchise Fee consists of (i) a payment of Seventeen Thousand Dollars ($17,000) to obtain this Franchise; and (ii) a one-time initial training fee of Eighteen Thousand Dollars ($18,000). This Franchise Fee is payment for authorizing Franchisee to join the Focus CFO System and receive initial training through Playbook and other required training as set forth in Attachment C of this Agreement. In exchange for the Franchise Fee, Franchisee will receive ongoing direction and support from Focus CFO as set forth in this Agreement and be permitted to utilize the Focus CFO System and the Focus CFO Marks.
- 4.2. The Franchise Fee will not be financed by Focus CFO and cannot be paid in installments, deferred or deducted from future compensation payments. Franchisee will not be permitted to engage with Focus CFO, use the Focus CFO Marks or provide services to Focus CFO clients until the full Franchise Fee is received by Focus CFO.
- 4.3. This Agreement is hereby void if payment of the Franchise Fee in its entirety is not made within three (3) business days of signing the Franchise Agreement by the Franchisee.
5. REFUNDS
- 5.1. If this Agreement terminates because of an unsuccessful background check as determined by Focus CFO in its discretion as described in Section 1.7, above, Focus CFO will refund the Franchise Fee in full.
- 5.2. If Franchisee terminates this Agreement as set forth in Section 11.1, the Franchise Fee will not be refunded.
- 5.3. If Focus CFO terminates this Agreement for "Cause" as defined in Section 11.2, Focus CFO will not refund the Franchise Fee.
- 5.4.
Source: Item 23 — Receipts (FDD pages 37–126)
What This Means (2025 FDD)
According to Focus Cfo's 2025 Franchise Disclosure Document, a franchisee's pre-opening obligations are directly tied to the payment of the initial franchise fee. Specifically, Focus Cfo requires the franchisee to pay the franchise fee in full before they can engage with Focus Cfo, use the Focus Cfo Marks, or provide services to Focus Cfo clients. If the franchise fee is not paid within three business days of signing the Franchise Agreement, the agreement is considered void. The franchise fee is a lump sum that consists of $17,000 to obtain the franchise and $18,000 for the one-time initial training fee, totaling $35,000.
Furthermore, the franchisee gains access to Focus CFO's Playbook within two business days of signing the agreement and paying the franchise fee. The franchisee must complete required sections of the Playbook within two weeks of signing the agreement as part of their initial training. Until this initial training is completed, the franchisee is not authorized to participate in group marketing activities or meetings with current or potential Focus Cfo clients.
In summary, prompt payment of the franchise fee is crucial for a Focus Cfo franchisee. Failure to pay on time not only voids the agreement but also delays access to essential training materials and prevents participation in key business development activities. This dependency highlights the importance of having the necessary funds readily available when signing the franchise agreement.