Does Casiola provide three years of audited financial statements?

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

This is typical for newer franchise systems. The FDD includes audited financial statements for the most recent fiscal year, which in this case is for the period from January 6, 2023, to December 31, 2023. These financial statements include a balance sheet, statements of operations, members' equity (deficit), and cash flows, along with related notes.

Prospective franchisees should carefully review these financial statements and notes to understand Casiola's financial condition and performance. Since there are no prior years to compare against, it will be important to ask detailed questions about the assumptions and projections underlying Casiola's financial model and growth plans. Understanding the franchisor's financial stability and performance is crucial for assessing the risks and potential rewards of investing in a Casiola franchise.