Does the Casiola FDD include an income statement?
Casiola Franchise · 2024 FDDAnswer from 2024 FDD Document
LLC. At December 31, 2023, the Company had a payable to the related party in the amount of $36,001 which represents payroll cost and other operating cost paid by the related party in behalf of this Company.
The Company collects royalty revenue from a location owned and operated by Casiola Miami, LLC under a rental franchise agreement that requires Casiola Miami, LLC to pay a 20% Commission on net rental revenue and 4.9% royalties from marketing and booking fees to the Company. The Company recognized $11,192 of royalty income from Casiola Miami, LLC during the period from January 6, 2023 to December 31, 2023 which is included in the statement of operations. T
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 46–47)
What This Means (2024 FDD)
Yes, the 2024 Casiola FDD includes a statement of operations which functions as an income statement. According to the FDD, Casiola recognized $11,192 of royalty income from Casiola Miami, LLC during the period from January 6, 2023 to December 31, 2023. This income is included in the statement of operations.
The inclusion of this statement is important for prospective franchisees as it provides insight into Casiola's revenue streams and overall financial performance during its initial period of operations. By examining the statement of operations, potential franchisees can gain a better understanding of how Casiola generates revenue and manages its expenses.
It is important to note that the statement covers a limited period from January 6, 2023, to December 31, 2023, which is less than a full year. Therefore, franchisees should consider this when evaluating the financial data and should request more current and comprehensive financial statements to make an informed decision.