What was the net change in the number of franchised Focus Cfo outlets during 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, the net change in the number of franchised outlets during 2023 was a decrease of 44. At the start of 2023, there were 126 franchised outlets, which decreased to 82 by the end of the year.
This significant decrease in franchised outlets is further explained in the FDD. Effective April 1, 2023, Focus CFO stopped offering franchise opportunities to individuals wishing to operate as a CFO. Instead, Focus CFO offered existing franchisees operating as CFOs the opportunity to terminate their Franchise Agreement and execute a License Agreement. From April 1 through December 31, 2023, 43 CFOs who were franchisees mutually terminated their Franchise Agreement with Focus CFO and signed new License Agreements.
This change in business model from franchising to licensing for CFOs appears to be a strategic shift by Focus CFO. A prospective franchisee should investigate the implications of this shift, understanding the differences between a franchise agreement and a license agreement, and how this change may affect their potential business operations and relationship with the franchisor. Understanding the reasons behind this change and its potential long-term effects is crucial for making an informed decision about investing in a Focus CFO franchise.