How many Focus Cfo outlets were sold to franchisees in 2023?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Outlets | Outlets | Outlets | Outlets | Outlets | Outlets |
|---|---|---|---|---|---|---|---|
| at Start | Opened | Reacquired | Closed | Sold to | at End of | ||
| of Year | from | Franchisee | the Year | ||||
| Franchisee | |||||||
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Total | 2023 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2024 | 0 | 0 | 0 | 0 | 0 | 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 transfers of Focus Cfo outlets to new franchisees in 2023. The FDD indicates that the total number of franchise outlets decreased from 126 at the start of 2023 to 82 by the end of the year. This decrease is attributed to existing franchisees terminating their agreements and transitioning to license agreements rather than sales to new franchisees.
Specifically, the FDD mentions that Focus Cfo offered existing franchisees operating as CFOs the opportunity to terminate their franchise agreements and execute license agreements starting April 1, 2023. From April 1 through December 31, 2023, 43 CFOs transitioned from franchise agreements to license agreements. This shift in business model explains the reduction in the number of franchise outlets without any recorded sales to new franchisees.
This information is crucial for potential franchisees as it highlights a strategic shift within Focus Cfo away from traditional franchising for CFOs towards licensing agreements. This transition may impact the long-term growth and support structure for franchisees, as the focus seems to be changing. A prospective franchisee should inquire about the reasons behind this shift and how it might affect their investment and operational model.