Who executed the lease for other office space which Focus Cfo utilized in 2022?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
um operating lease payments through the lease expiration date:
| 2025 | 23,917 |
|---|---|
| 2026 | 23,917 |
| 2027 | 21,923 |
| Total lease payments | 69,757 |
| Less: interest | (7,277) |
| Right of use liability | $ 62,480 |
The lease for other office space which the Company utilized in 2022 was executed by the Majority Owner and was not considered a formal lease. The M
Source: Item 23 — Receipts (FDD pages 37–126)
What This Means (2025 FDD)
According to Focus Cfo's 2025 Franchise Disclosure Document, the lease for the office space utilized in 2022 was executed by the Majority Owner. This lease was not considered a formal lease agreement. Focus Cfo paid 50% of the monthly rent expense to the Majority Owner for the use of the space.
For the period ending December 31, 2022, Focus Cfo paid $17,457 in rent expense to the Majority Owner. The lease agreement concluded in November 2022.
This arrangement indicates a related-party transaction, which prospective franchisees should carefully consider. It's important to understand the terms of any such arrangements and how they might affect the financial performance of Focus Cfo and, by extension, the franchisees.