What was the net change in the total number of Focus Cfo outlets during 2024?
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 total number of franchised outlets during 2024 was -23. This means that the total number of franchised Focus Cfo locations decreased by 23 during that year. At the start of 2024, there were 82 franchised outlets, and by the end of the year, the number had dropped to 59.
This decrease in franchised outlets could be due to several factors, such as franchisees not renewing their agreements, franchisees selling their businesses, or terminations of franchise agreements. For a prospective franchisee, this information highlights the importance of understanding the reasons behind outlet changes and the overall health and stability of the Focus Cfo franchise system. It would be prudent to investigate further into why these closures occurred.
It is also important to note that Focus Cfo transitioned some franchisees to license agreements during this period. This shift from franchise agreements to license agreements may account for some of the net decrease in franchise outlets. A potential franchisee should understand the differences between these two types of agreements and their implications for the business. Understanding the dynamics of these changes is crucial for making an informed investment decision.