How many company-owned Focus Cfo outlets were closed in 2022?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
EE INFORMATION**
SYSTEM WIDE OUTLET SUMMARY FOR YEARS 2022-2024
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| 2022 | 105 | 126 | +21 | |
| Franchised | 2023 | 126 | 82 | -44 |
| 2024 | 82 | 5 |
Source: Item 20 — Outlets and Franchisee Information (FDD pages 33–37)
What This Means (2025 FDD)
According to Focus Cfo's 2025 Franchise Disclosure Document, there were no company-owned outlets closed in 2022. The provided table regarding the status of company-owned outlets for the years 2022-2024 indicates that the number of company-owned outlets remained at zero for the entire year of 2022. There were zero outlets at the start of the year and zero at the end of the year, resulting in a net change of zero.
This information is crucial for potential franchisees as it provides insight into the company's operational model. The fact that Focus Cfo does not operate any company-owned outlets suggests that their growth strategy relies solely on franchising. This could mean that Focus Cfo's revenue is primarily generated through franchise fees and royalties, rather than direct sales from company-operated locations.
For a prospective franchisee, this may indicate that Focus Cfo is heavily invested in supporting its franchisees, as their success directly impacts the franchisor's revenue. However, it also means that franchisees cannot rely on the franchisor's experience in operating their own outlets, as Focus Cfo does not have any. Therefore, it is essential for potential franchisees to carefully evaluate the training and support provided by Focus Cfo, as well as the success rate of existing franchisees.
It is also important to note that Focus Cfo's strategic shift away from the CFO franchise model, as mentioned in the FDD, may impact the future growth and direction of the company. Potential franchisees should inquire about the long-term vision for the Area President franchise model and how Focus Cfo plans to support and expand this aspect of the business.