How many company-owned Focus Cfo outlets were at the end of 2023?
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, the number of company-owned outlets at the end of 2023 was zero. The table provided in Item 20 outlines the status of company-owned outlets for the years 2022-2024. For 2023, the table indicates that the number of company-owned outlets at the start of the year was zero, and the number at the end of the year remained zero, with a net change of zero.
This information is crucial for potential franchisees as it provides insight into Focus Cfo's business 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 franchisees receive less direct competition from the franchisor, but it also means that Focus Cfo may have less direct experience in operating the business, potentially impacting the support and guidance they can offer.
For a prospective franchisee, this information highlights the importance of evaluating the support and training provided by Focus Cfo, as they will not have the opportunity to learn from company-owned operations. It also emphasizes the need to carefully assess the performance of existing franchisees and understand the level of competition in their desired territory, as the success of the franchise will depend heavily on the franchisee's own efforts and market conditions.
It is also worth noting that the trend for company-owned stores has remained at zero for the entire period of 2022-2024. This consistent lack of company-owned stores indicates a long-term strategy for Focus Cfo, and prospective franchisees should consider this when evaluating the franchise opportunity.