What is the total estimated initial investment for a Casiola franchise, considering the fees in Item 5 and the expenditures in Item 7?
Casiola Franchise · 2024 FDDAnswer from 2024 FDD Document
| Type of Expenditure | Amount | Method of Payment | When Due |
|---|---|---|---|
| To Whom Payment is Made | |||
| Initial Franchise Fee (Note 1) | $65,000 – $140,000 | Lump sum | When Franchise Agreement is signed with Multi-Franchise Addendum |
| Estimated Initial Investment to Open Single Territory | $29,500 – $65,750 $94,500 – $205,750 | Estimated Initial Investment is based on the estimate contained in Table A, above, of this Item 7, for a single Territory, but less the Initial Franchise Fee reported in Table A. | |
What This Means (2024 FDD)
According to Casiola's 2024 Franchise Disclosure Document, the estimated initial investment to open a single territory ranges from $29,500 to $65,750, excluding the initial franchise fee. When including the initial franchise fee, the total estimated initial investment ranges from $94,500 to $205,750. This investment covers various expenditures, including the initial franchise fee, initial training fee, equipment, computer and software, a vehicle, start-up marketing, insurance deposits, travel for initial training, professional fees, licenses and permits, and additional funds for the first three months of operation.
The initial franchise fee is $35,000 for a single territory. The initial training fee is $7,500. Other costs include equipment ($1,000 - $3,000), computer, software, and bookings management system ($1,500 - $3,000), a vehicle ($250 - $4,250), start-up marketing ($1,000), insurance deposits for three months ($1,000 - $3,000), travel for initial training ($1,000 - $3,000), professional fees ($250 - $3,000), licenses and permits ($1,000 - $3,000), and additional funds for three months ($15,000 - $35,000).
Prospective Casiola franchisees should note that these figures are estimates and the actual costs may vary. The estimates do not include interest and financing charges or management-level compensation. The initial investment can increase if the franchisee expands the operating market by adding additional territories. The FDD advises consulting with professional advisors when evaluating the franchise opportunity and reviewing contracts.