What was the tuition revenue for Affiliate Center 3 of Casa De Corazon?
Casa_De_Corazon Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 | 111 | 142 | 100 | 113 | 121 |
| Equivalent Enrollment1 | |||||
| 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 |
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, Affiliate Center 3 had a tuition revenue of $2,343,521 for the year 2024. This figure represents the income generated specifically from tuition fees collected at that particular center. It is important to note that this revenue does not include early childcare education grants, tuition discounts, or photography rebates, as these were excluded from the reported tuition revenue.
For a prospective franchisee, understanding the tuition revenue of existing affiliate centers provides a benchmark for potential earnings. However, it's crucial to consider that these figures are based on an affiliate-owned center and may not directly translate to a franchised location due to differences in operational costs, local market conditions, and management practices. The FDD also mentions that it takes 2-3 years for a Casa De Corazon center to reach maturity, which means that the revenue may fluctuate during the initial years of operation.
It is also important to note that the occupancy rate for Affiliate Center 3 was 73% as of December 31, 2024. The FDD states that this occupancy rate was affected due to the completion of construction adding additional classrooms during 2024 leading to an increase in capacity before the end of 2024. This means that the center was not operating at full capacity, which could have impacted the tuition revenue. A franchisee should investigate the reasons behind the occupancy rate and consider the potential for increasing enrollment to maximize revenue.
Overall, while the tuition revenue of Affiliate Center 3 offers valuable insight, prospective franchisees should conduct thorough due diligence, including analyzing local market demographics, competition, and potential operating costs, to develop realistic financial projections for their own Casa De Corazon center. Additionally, they should speak with existing franchisees to gain a better understanding of the factors that can influence revenue and profitability.