Where are the Performance Standards for Focus Cfo franchisees outlined in the Franchise Agreement?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
ould read these provisions in the agreements attached to this Disclosure Document.
| Provision | Section in Franchise Agreement | Summary |
|---|---|---|
| a. Term of the franchise | Section 2.1 | Term is 10 years. |
| b. Renewal or extension | Section 2.2 | If, upon expiration of the Initial Term of the |
| of the term | franchise, you are still performing as an Area | |
| Provision | Section in Franchise Agreement | Summary |
| Agreement | President then you shall have the right to renew the franchise if certain conditions are met. | |
| c. Requirements for you to | Section 2.3 | (i) subject to state law, you execute general releases in a form similar to that in Exhibit G; (ii) you have complied with all provisions of the Franchise Agreement; (iii) you have satisfied all Performance Standards as set forth in Attachment E to the Franchise Agreement; (iv) you are not in default of any provisions of the Franchise Agreement or any other agreement between Franchisee and Focus CFO; and (v) we reserve the right to have you sign a new Franchise Agreement which may have terms that are materially different and may require additional training and certification requirements. A renewal fee of $2,500 is required to be paid by you to renew your franchise. |
| renew or extend | ||
| d. Termination by you | Section 11.1 | If you decide to terminate the Franchise Agreement, you will give at least sixty (60) days' notice prior to such termination. |
| e. Termination by Focus | None | Focus CFO does not have the right to terminate without cause. |
| CFO without cause | ||
| f. Termination by Focus | Section 11.2, 11.3 | We may terminate the Franchise Agreement if you default. If we terminate the Franchise Agreement following a default, your interest in the franchise will terminate. |
| CFO with cause | ||
| g. "Cause" defined - | Section 11.3 | You breach any provision of the Franchise Agreement or any other agreement with Focus CFO or any Focus CFO affiliate and you fail to cure the breach within thirty (30) days. You fail to meet Focus CFO's Performance Standards and such failure continues after receiving thirty (30) days' notice from Focus CFO of such failure to meet the standard, or you accumulate three (3) violations of any individual or combination of the standards, which include: (i) you must comply with Focus CFO's policies as outlined in the Playbook; (ii) you must participate in, or attend, at least 75% of the total required training sessions held by Focus CFO; |
| defaults which can be | ||
| cured | ||
| Provision | Section in Franchise Agreement | Summary |
| -------------------------------------------------------------- | ----------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| (iii) you must consistently demonstrate, follow, | ||
| and abide by, the Company's Core Values as | ||
| outlined on Focus CFO's website and in the | ||
| Playbook; (iv) you must regularly collaborate | ||
| with other Area Presidents and CFOs in your | ||
| territory; |
Source: Item 17 — Renewal, Termination, Transfer, and Dispute Resolution (FDD pages 27–32)
What This Means (2025 FDD)
According to Focus Cfo's 2025 Franchise Disclosure Document, the Performance Standards for franchisees are detailed in Attachment E to the Franchise Agreement. These standards are crucial for several reasons, including the franchisee's ability to renew their franchise agreement.
Specifically, Section 2.3 of the Franchise Agreement states that a franchisee must have satisfied all Performance Standards as outlined in Attachment E to be eligible for renewal. This means that a Focus Cfo franchisee needs to be fully aware of and compliant with these standards throughout the term of their agreement.
Furthermore, failure to meet Focus Cfo's Performance Standards can lead to termination of the Franchise Agreement if the franchisee fails to correct the deficiencies within thirty days of receiving notice from Focus Cfo. Accumulating three violations of any combination of the standards can also result in termination. These standards include compliance with Focus Cfo's policies in the Playbook, participation in at least 75% of required training sessions, adherence to the company's core values, regular collaboration with other Area Presidents and CFOs, following core processes, avoiding negligence in duty performance, and following Focus CFO's policies and directives.
Therefore, prospective Focus Cfo franchisees should carefully review Attachment E to fully understand the Performance Standards and their implications for both renewal and potential termination of the agreement. Understanding and meeting these standards is essential for maintaining a successful and long-term relationship with Focus Cfo.