Does Focus Cfo require a renewal fee to extend the franchise term?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD 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 $2,5 |
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, franchisees are required to pay a renewal fee to extend the franchise term. Specifically, a renewal fee of $2,500 is required to be paid to Focus Cfo when renewing the franchise agreement.
To renew the Focus Cfo franchise, franchisees must meet several conditions. These include executing general releases, complying with all provisions of the Franchise Agreement, satisfying all Performance Standards, and not being in default of any agreements with Focus Cfo. Additionally, Focus Cfo reserves the right to require franchisees to sign a new Franchise Agreement with potentially different terms, additional training, and certification requirements.
This renewal fee is relatively low compared to other franchise systems, where renewal fees can sometimes equal a significant percentage of the initial franchise fee. However, the other conditions for renewal, such as meeting performance standards and complying with all agreement provisions, highlight the importance of maintaining a strong operational record throughout the initial franchise term with Focus Cfo.