What was the lowest commission fee for an individual unit rental property for Casiola in Orlando 1?
Casiola Franchise · 2024 FDDAnswer from 2024 FDD Document
| Orlando 11 | ||
|---|---|---|
| $941,428 | $678,919 | |
| $256,520 | $244,861 | |
| $1,197,948 | $923,780 | |
| Select Performance Data | ||
| Number of Individual Unit Rental Properties Under | 126 | 125 |
| Management During Calendar Year | ||
| Aggregate Gross Rental Revenues Collected on | $4,877,629 | $3,375,022 |
| Behalf of Customers | ||
| Average Commission Fees per Individual Unit | $7,471.65 | $5,431.35 |
| Rental Property | ||
| Median Commission Fees per Individual Unit Rental | $7,808.26 | $5,123.39 |
| Property | ||
| High Commission Fees for Individual Unit Rental | $26,634.01 | $25,622.45 |
| Property | ||
| Low Commission Fees for Individual Unit Rental | $74.38 | $52.26 |
| Property | ||
| Damage Waiver Fee Margin for Individual Unit | $2,035.87 | $1,958.89 |
| Rental Property | ||
| 1Outlet Information: Orlando 1 operates within an Operating Market that includes the equivalent of one | ||
| Territory with approximately 5,500 potential rentable individual unit vacation properties comprised of the | ||
| following market: Encore Resort, Paradise Palms Resort, Solara Resort, Storey Lake Resort, Windsor at | ||
| Westlake Resort, Windsor Hills Resort, and Windsor Palms Resort. |
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 39–45)
What This Means (2024 FDD)
According to Casiola's 2024 Franchise Disclosure Document, the lowest commission fee for an individual unit rental property in Orlando 1 was $74.38 during the 2022 calendar year and $52.26 during the 2023 calendar year. This data reflects the performance of a company-owned outlet, not a franchised location.
This figure represents the lowest commission earned from a single rental property within the Orlando 1 territory during those years. It is important to note that this is just one data point and does not represent the typical commission earned. The average and median commission fees are significantly higher, suggesting that most properties generate considerably more commission income for Casiola.
A prospective franchisee should consider this low commission fee as an outlier and focus on the average and median commission fees to get a more realistic expectation of potential earnings. Understanding the factors that contribute to such low commissions, such as property size, rental rates, or occupancy rates, would be beneficial in assessing the potential risks and rewards of investing in a Casiola franchise.