When did the lease for other office space utilized by Focus Cfo in 2022 end?
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 the 2025 Focus Cfo Franchise Disclosure Document, the lease for other office space utilized by Focus Cfo in 2022 ended in November of 2022. The lease was executed by the Majority Owner and was not considered a formal lease. Focus Cfo paid 50% of the monthly rent expense under the lease for its use of the space.
For prospective franchisees, this indicates that Focus Cfo's corporate structure involves related-party transactions, specifically with its Majority Owner. The arrangement for office space in 2022 was informal, with Focus Cfo paying a portion of the rent to the Majority Owner.
While this specific lease is no longer active, it highlights the importance of understanding the financial relationships between Focus Cfo and its owners. A potential franchisee should inquire about current related-party transactions and ensure they are conducted at arm's length and are beneficial to the franchise system.