What was the net change in total 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 total outlets during 2023 was a decrease of 44. At the start of 2023, Focus Cfo had 126 total outlets, which decreased to 82 by the end of the year.
This significant decrease in outlets is further explained in the FDD, noting that beginning April 1, 2023, Focus CFO offered existing franchisees operating as CFOs the opportunity to terminate their franchise agreement and instead sign a license agreement. From April 1 through December 31, 2023, 43 CFOs transitioned from franchise agreements to license agreements.
Prospective franchisees should carefully consider the implications of this shift from franchise agreements to license agreements. It appears Focus Cfo is moving away from the franchise model for CFOs, which could impact the support, structure, and long-term strategy for franchisees in this role. Understanding the reasons behind this change and the differences between the franchise and license agreements is crucial for making an informed investment decision.