How many Casiola outlets were sold to franchisees in 2021?
Casiola Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Outlets at Start of Year | Outlets Opened | Outlets Reacquired by Franchisor | Outlets Closed | Outlets Sold to Franchisee | Outlets at End of Year |
|---|---|---|---|---|---|---|---|
| 2021 | 1 | 0 | 0 | 0 | 0 | 1 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 45–46)
What This Means (2024 FDD)
According to Casiola's 2024 Franchise Disclosure Document, there were no outlets sold to franchisees in 2021. The provided table in Item 20 outlines the systemwide outlet summary for the years 2021 to 2023. Specifically, for the year 2021, the table indicates that the number of Casiola outlets sold to franchisees was zero.
This information is crucial for potential franchisees as it provides insight into the transfer of ownership within the Casiola franchise system. A consistent record of zero outlets being sold to franchisees might suggest stability in ownership or a preference for other methods of outlet management, such as direct ownership or closures, rather than transfers to new franchisees.
Prospective franchisees should consider this data point in conjunction with other information in the FDD, such as the number of terminations, non-renewals, and re acquisitions by the franchisor, to gain a comprehensive understanding of outlet transitions within the Casiola system. Further investigation into the reasons behind the lack of franchisee sales could be a valuable part of the due diligence process.