How many Focus Cfo franchise agreements were transferred to new franchisees in 2024?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| Total | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 0 |
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 franchise agreements transferred to new franchisees in 2024. The provided tables in Item 20 show the number of transfers for the years 2022, 2023, and 2024.
Specifically, one table provides a breakdown of outlet transfers, showing zero transfers in 2022, 2023, and 2024. Another table provides the same information, confirming that the total number of franchise agreement transfers to new owners was zero for each of those years.
This indicates that existing Focus Cfo franchise locations were not sold or transferred to new franchisees during this period. Instead, Focus CFO offered existing Franchisees who were operating as CFOs under a Franchise Agreement the opportunity to terminate their Franchise Agreement and execute a License Agreement. From January 1 through December 31, 2024, 29 CFOs who were Franchisees mutually terminated their Franchise Agreement with Focus CFO and signed new License Agreements.