As of this FDD, how many years of audited financial statements does Casiola have?

According to Casiola's 2024 Franchise Disclosure Document, the company includes audited financial statements for the year 2023. The FDD states that Casiola was established on January 6, 2023, and its fiscal year concludes on December 31. Because Casiola has not been franchising for three years or more, the company does not have three years of audited financial statements.

This means that prospective franchisees reviewing the 2024 FDD will only see one year of financial history for Casiola itself. This is not uncommon for newer franchise systems, as it takes time to build up a longer financial track record. However, it also means there is less historical data available to assess the financial stability and performance of the franchisor.

Given the limited financial history, potential franchisees should conduct thorough due diligence. This includes carefully reviewing the single year of audited statements, asking detailed questions about Casiola's financial performance and projections, and seeking advice from financial professionals experienced in franchise evaluation. It would also be prudent to investigate the performance of the company-owned locations mentioned in Item 19 to gain further insight into the brand's potential.