How many Focus Cfo outlets were closed in 2023?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 | 59 | -23 | |
| 2022 | 0 | 0 | 0 | |
| Company Owned | 2023 | 0 | 0 | 0 |
| 2024 | 0 | 0 | 0 | |
| 2022 | 105 | 126 | +21 | |
| Total Outlets | 2023 | 126 | 82** | -44* |
| 2024 | 82 | 59** | -23* |
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 outlets closed in 2023. However, the FDD indicates a net decrease of 44 franchised outlets during 2023.
Specifically, the document states that as of April 1, 2023, Focus CFO shifted its business model, offering existing CFO franchisees the option to terminate their franchise agreements and instead operate under a license agreement. During the period from April 1 to December 31, 2023, 43 CFO franchisees chose to terminate their franchise agreements and sign new license agreements.
While these franchise agreements were terminated, the locations were not technically 'closed' but rather transitioned to a different type of agreement. This distinction is important for prospective franchisees to understand, as it reflects a strategic shift in Focus CFO's operational structure rather than a failure of existing franchise locations. The FDD also indicates that there were 126 franchised outlets at the start of 2023 and 82 at the end of 2023.