Does the Focus Cfo Franchise Agreement include a franchisee disclosure questionnaire?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
I HAVE RECEIVED A UNIFORM FRANCHISE DISCLOSURE DOCUMENT INCLUDING THE FOLLOWING EXHIBITS ON THE DATE LISTED BELOW:
- A. LIST OF STATE ADMINISTRATORS; STATE DISCLOSURE DOCUMENT EFFECTIVE DATES
- B. LIST OF STATE AGENTS FOR SERVICE OF PROCESS
- C. FRANCHISE AGREEMENT
- D. FINANCIAL STATEMENTS
- E. FRANCHISEE DISCLOSURE QUESTIONNAIRE
IN WITNESS WHEREOF, the undersigned have executed this Release as of the date written above.
Focus CFO Group, LLC Printed: [INSERT FRANCHISEE NAME] Printed: THE INDIVIDUAL PROVIDING AREA PRESIDENT SERVICES Printed:
EXHIBIT H TO DISCLOSURE DOCUMENT
FRANCHISEE DISCLOSURE QUESTIONNAIRE
As you know, Focus CFO Group, LLC and you are preparing to enter into a Franchise Agreement for the operation of a Focus CFO business. In this Franchisee Disclosure Questionnaire, Focus CFO Group, LLC will be referred to as "we" or "us." Please review each of the following questions carefully and provide honest and complete responses to each question.
No statement, questionnaire, or acknowledgment signed or agreed to by you in connection with the commencement of the franchise relationship shall have the effect of (i) waiving any claims under any applicable state franchise law, including fraud in the inducement, or (ii) disclaiming reliance on any statement made by Focus CFO, and any franchise seller, or other person acting on behalf of Focus CFO. This provision supersedes any other term of any document executed in connection with the Focus CFO franchise.
- Have you received the Focus CFO Group, LLC Franchise Agreement and each exhibit, addendum and schedule attached to it? Yes No 2. Have you received our Disclosure Document we provided to you? Yes No 3. Do you understand that in all dealings with you, our officers, directors, employees and agents act only in a representative capacity and not in an individual capacity and these dealings are solely between you and us? Yes No truthfully to the above questions. You understand that your answers are important to us and that we will rely on them. By signing this Franchisee Disclosure Questionnaire, you are representing that you have responded Name of Franchisee/Applicant Date: , 20 Signature Name and Title of Person Signing
- 1.7. As a condition to executing this Agreement, Focus CFO will conduct a background check on Franchisee and its Equity Owner. The background check generally takes seven (7) days to process, but it may take longer. Focus CFO will initiate the background check concurrent with providing Franchisee with a copy of the Franchise Disclosure Document. If Focus CFO receives an unsatisfactory background check prior to Franchisee executing this Agreement, Focus CFO's offer for Franchisee to execute this Agreement will be null and void. If Focus CFO receives an unsatisfactory background check after Franchisee executes this Agreement, the Agreement shall terminate immediately, and Franchisee's Franchise Fee will be fully refunded.
Source: Item 22 — Contracts (FDD page 37)
What This Means (2025 FDD)
Yes, according to the 2025 Focus Cfo Franchise Disclosure Document, Exhibit E to the Disclosure Document is a Franchisee Disclosure Questionnaire. Additionally, Exhibit H to the Disclosure Document is also a Franchisee Disclosure Questionnaire.
The Franchisee Disclosure Questionnaire requires prospective franchisees to answer questions truthfully, acknowledging that Focus Cfo will rely on these answers. Some of the questions include whether the franchisee has received the Focus CFO Group, LLC Franchise Agreement and all associated documents, and whether they have received the Disclosure Document. The franchisee must sign and date the questionnaire to confirm their responses.
Furthermore, the Franchise Agreement includes a clause stating that no statement, questionnaire, or acknowledgment signed by the franchisee can waive claims under state franchise law or disclaim reliance on statements made by Focus Cfo. This provision is designed to protect the franchisee's rights and ensures that Focus Cfo cannot use the questionnaire to circumvent franchise laws.
Focus Cfo also conducts a background check on the franchisee and its Equity Owner as a condition of executing the Franchise Agreement. This background check typically takes seven days to process and is initiated when the Franchise Disclosure Document is provided. If the background check is unsatisfactory, Focus Cfo can void the offer or terminate the agreement, with a full refund of the Franchise Fee if the termination occurs after the agreement is signed.