What was the occupancy rate for Franchised Center 1 of Casa De Corazon?
Casa_De_Corazon Franchise · 2025 FDDAnswer from 2025 FDD Document
to omit costs incurred by the affiliateowned Centers that a franchisee would not have incurred, and to add costs that we reasonably expect a franchisee would incur.
| Affiliate Center 1 | Affiliate Center 2 | Affiliate Center 3 | Franchised Center 1 | Franchised Center 2 | |
|---|---|---|---|---|---|
| Year Opened | 2010 | 2014 | 2018 | 2019 | 2020 |
| Full-Time Student | |||||
| Equivalent Enrollment1 | 111 | 142 | 100 | 113 | 121 |
| Occupancy Rate2 | 94% | 76% | 73% | 95% | 96% |
| Revenues | |||||
| Tuition | $2,790,351 | $3,290,121 | $2,343,521 | $2,650,896 | $2,844,360 |
| Photography Rebates | $350 | $567 | $0 | $246 | $333 |
| Total Revenues3,4 | $2,790,701 | $3,290,688 | $2,343,521 | $2,651,142 | $2,844,693 |
| Direct Expenses | |||||
| Educational and | |||||
| Childcare Expenses | $32,661 | $32,220 | $23,052 | $26,441 | $29,779 |
| Child Assessment | $2,759 | $2,966 | $2,580 | $2,120 | $2,025 |
| Tools5 | |||||
| CPR/First Aid | |||||
| Training | $1,132 | $834 | $657 | $2,085 | $2,229 |
| Field Trips and | |||||
| Activities | $13,739 | $14,592 | $7,238 | $24,025 | $13,365 |
| Furniture/Equipment | $9,020 | $10,692 | $1,400 | $348 | $240 |
| Food | $96,327 | $99,446 | $59,092 | $98,398 | $73,315 |
| Hiring/Training6 | $4,973 | $8,335 | $5,922 | $14,792 | $6,425 |
| Janitorial and Kitchen | |||||
| Supplies | $19,010 | $22,346 | $12,660 | $13,603 | $13,825 |
| Licenses & Permits | $852 | $1,055 | $1,960 | $3,422 | $2,545 |
| Staff Payroll, Benefits | $1,506,577 | $1,800,954 | $1,239,037 | $1,173,777 | $1,541,734 |
| and Payroll Taxes7 | |||||
| Payroll Processing | $10,085 | $10,085 | $7,203 | $10,048 | $4,560 |
| Uniforms | $926 | $1,422 | $1,253 | $3,176 | $2,513 |
| Total Direct Expenses | $1,698,061 | $2,004,947 | $1,362,054 | $1,372,236 | 1,692,555 |
| Gross Profit | $1,092,640 | $1,285,742 | $981,467 | $1,278,906 | 1,152,138 |
| Other Expenses | |||||
| Accounting8 | $12,000 | $12,000 | $12,000 | $12,128 | $520 |
| Computer, IT, | |||||
| Software & Website | $17,693 | $16,982 | $6,084 | $7,518 | $830 |
| Human Resources9 | $1,000 | $1,000 | $1,000 | $0 | $0 |
| Insurance | $34,556 | $34,556 | $50,068 | $35,306 | $29,543 |
| Legal & | |||||
| Professional10 | $5,839 | $5,839 | $5,839 | $14,526 | $9,423 |
| Brand Fund | $55, |
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 43–48)
What This Means (2025 FDD)
According to Casa De Corazon's 2025 Franchise Disclosure Document, Franchised Center 1 had an occupancy rate of 95% as of December 31, 2024. This rate is calculated by dividing the student enrollment number applicable to the center by the center's enrollment capacity, which is determined by the center's childcare license.
For a prospective franchisee, a 95% occupancy rate suggests that Franchised Center 1 was operating near its maximum capacity. This high occupancy rate can be seen as a positive indicator of demand for Casa De Corazon's services in the area where Franchised Center 1 is located. It also indicates efficient management in maintaining high enrollment.
It is important to note that the occupancy rate is a snapshot in time (December 31, 2024) and may not reflect the average occupancy rate throughout the entire year. Factors such as seasonal enrollment fluctuations or local market conditions could influence occupancy rates. Additionally, the FDD mentions that the Occupancy Rate for Affiliate Centers 2 and 3 was affected due to construction, which increased capacity before the end of 2024. This highlights that changes in capacity can impact occupancy rates.
Prospective franchisees should consider the factors that could influence occupancy rates in their target market and conduct their own due diligence to assess the potential for maintaining high occupancy. They should also inquire about the strategies Casa De Corazon uses to maintain high occupancy rates and manage enrollment.