What was the net change in total 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 | |---------------|------|----------------------------------------|-----------------------------------|------------| | | 2024 | 82 | 59 | -23 | | Total Outlets | 2024 | 82 | 59** | -23* | From January 1 through December 31, 2024, 29 CFOs who were Franchisees mutually terminated their Franchise Agreement with Focus CFO and signed new License Agreements.
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 2024 was a decrease of 23. At the start of 2024, Focus Cfo had 82 total outlets, which decreased to 59 by the end of the year.
It is important to note that this decrease in franchise outlets is related to Focus Cfo's strategic shift. As of April 1, 2023, Focus Cfo stopped offering franchise opportunities for individuals to operate as CFOs. Instead, existing CFO franchisees were given the option to terminate their franchise agreements and transition to a license agreement. In 2024, 29 CFOs transitioned from franchise agreements to license agreements.
For a prospective franchisee, this indicates a significant shift in Focus Cfo's business model. The company is moving away from franchising CFO roles and focusing more on Area President franchises. This shift could impact the support, training, and overall business strategy for new franchisees, as the company's focus is now more on the Area President model.