What was the net change in the total number of Focus Cfo outlets during 2023?

According to Focus Cfo's 2025 Franchise Disclosure Document, the net change in the total number of franchised outlets in 2023 was -44. The total number of franchised Focus Cfo outlets started at 126 at the beginning of 2023 and ended the year at 82. The net change in total outlets, including both franchised and company-owned, was also -44, with the same beginning and ending numbers as the franchised outlets, indicating that there were no company-owned outlets during this period.

This significant decrease in franchised outlets is further explained in the FDD, noting that effective April 1, 2023, Focus CFO no longer offered franchise opportunities to individuals wishing to operate as CFOs. 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.

For a prospective franchisee, this information is crucial as it highlights a major shift in Focus Cfo's business model. The move away from franchising CFO roles to licensing agreements suggests a strategic change in how Focus Cfo intends to operate and expand its business. Potential franchisees should investigate the reasons behind this shift and understand the differences between the franchise and license models, including the rights, responsibilities, and financial implications of each.