Must the Recipient Area President be an existing Focus Cfo franchisee prior to the transfer?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
itted by applicable law, Focus CFO has the right to require Franchisee to sign a release in connection with any refund of the Franchisee Fee.
12. TRANSFER
12.1. Franchisee may sell, convey, or otherwise transfer its Franchise ("Transferring Area President") to another individual ("Recipient Area President") so long as the following conditions are satisfied:
Conditions to Transfer by Franchisee:
- 12.1.1. All transfers are required to be approved by Focus CFO in writing prior to the transfer occurring.
- 12.1.2. The Transferring Area President must have been a Franchisee for at least (2) years and developed a Book of Business, as defined in Attachment A of this Agreement, with at least Five Hundred Thousand Dollars ($500,000) of collected (cash basis) revenue during the twelve (12) months preceding the desired Transfer;
- 12.1.3. The Recipient Area President (i) must be an existing Focus CFO franchisee prior to the Transfer and not be in breach of his or her Franchise Agreement or (ii) an
individual interested in becoming a franchisee who enters into the then-current Franchise Agreement with Focus CFO;
- 12.1.4. The Transferring Area President provides to Focus CFO at least ninety (90) days' advance written notice of the Transfer if to an existing franchisee and at least 120 days' notice if to a new franchisee;
- 12.1.5.
Source: Item 23 — Receipts (FDD pages 37–126)
What This Means (2025 FDD)
According to Focus Cfo's 2025 Franchise Disclosure Document, a Transferring Area President can transfer their franchise to a Recipient Area President under certain conditions. The Recipient Area President can be either an existing Focus Cfo franchisee or an individual interested in becoming a franchisee.
If the Recipient Area President is not an existing franchisee, they must enter into the then-current Franchise Agreement with Focus Cfo. This means that a new individual can become a Focus Cfo franchisee through a transfer, provided they meet the franchisor's requirements and sign the necessary agreements.
Additionally, the Transferring Area President must have been a franchisee for at least two years and developed a Book of Business with at least $500,000 of collected revenue during the 12 months before the desired transfer. Focus Cfo also requires at least 90 days' advance written notice of the transfer if the recipient is an existing franchisee, and at least 120 days' notice if the recipient is a new franchisee. All transfers require Focus Cfo's written approval before they occur.