What was the net change in the number of company-owned Casiola outlets during 2022?
Casiola Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| 2021 | 0 | 0 | 0 | |
| Franchised | 2022 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | |
| 2021 | 1 | 1 | 0 | |
| Company Owned | 2022 | 1 | 2 | +1 |
| 2023 | 2* | 2 | 0 | |
| 2021 | 1 | 1 | 0 | |
| Total Outlets | 2022 | 1 | 2 | +1 |
| 2023 | 2 | 2 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 45–46)
What This Means (2024 FDD)
According to Casiola's 2024 Franchise Disclosure Document, the net change in the number of company-owned outlets during 2022 was an increase of one outlet. At the start of 2022, Casiola had one company-owned outlet, and by the end of the year, it had two.
This indicates that Casiola expanded its company-owned operations during that year. This could be a positive sign for potential franchisees, as it demonstrates Casiola's willingness to invest in and operate its own locations, which can serve as models for franchisees.
However, it is important to note that the FDD also states that one company-owned outlet in Orlando, Florida, operates within the equivalent of three operating territories, and another in Miami, Florida, operates within the equivalent of two operating territories. This means that the actual number of territories covered by company-owned outlets is higher than the number of physical locations, which could impact the availability of territories for new franchisees.