Under what conditions are Focus Cfo Area Presidents permitted to transfer their franchise?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
to transfer their franchise to another Area President under certain conditions. | | Provision | Agreement | Summary | |---------------------------------------------------------------------|----------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | m. Conditions for Focus CFO approval of assignment | Section 12.1 | (i) Focus CFO provides consent in writing to the transfer; (ii) Area President who desires to transfer their franchise ("Transferring Area President") has been a Franchisee for at least two (2) years and developed a Book of Business of at least $500,000 of collected (cash basis) revenue during the twelve (12) months preceding the desired transfer; (iii) Transferring Area President has identified another individual who is either an existing Focus CFO Franchisee prior to the transfer and not in breach of his or her Franchise Agreement or is willing to enter into the then current Franchise Agreement; (iv) Transferring Area President provides at least 90 days' written notice of Transfer to Focus CFO if the Transfer is to an existing Franchisee and at least 120 days' notice if to a new Franchisee; (v) Transferring Area President and Recipient Area President shall provide Focus CFO a summary of all the material terms and conditions upon which the Transfer is to be made; (v) Transferring Area President executes a general release. Transferring Area President's Franchise Agreement automatically terminates twelve (12) months from the date of transf
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, Area Presidents are permitted to transfer their franchise under specific conditions. Focus CFO must provide written consent for the transfer. 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 (cash basis) during the twelve months preceding the desired transfer.
The Transferring Area President must identify another individual who is either an existing Focus CFO franchisee in good standing or someone willing to enter into the then-current Franchise Agreement. The Transferring Area President must provide written notice to Focus CFO at least 90 days before the transfer if it's to an existing franchisee, and at least 120 days' notice if it's to a new franchisee. Both the Transferring Area President and the Recipient Area President must provide Focus CFO with a summary of all material terms and conditions of the transfer.
Finally, the Transferring Area President must execute a general release. The Franchise Agreement of the Transferring Area President automatically terminates twelve months from the date of transfer, unless terminated earlier by the Transferring Area President. These conditions ensure that Focus CFO maintains control over who operates franchises and that transfers occur in a way that protects the brand and existing franchisees.