What was the total expenses 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, Item 19 provides financial performance representations for company-owned outlets, including Orlando 1. However, the document does not explicitly state the 'total expenses' for the Orlando 1 location. Instead, it presents select performance data, such as commission fees and gross rental revenues.
The available data for Orlando 1 includes the aggregate gross rental revenues collected on behalf of customers, which were $4,877,629 in 2022 and $3,375,022 in 2023. Additionally, the average commission fees per individual unit rental property were $7,471.65 in 2022 and $5,431.35 in 2023. The number of individual unit rental properties under management during the calendar year was 126 in 2022 and 125 in 2023.
While the FDD offers insights into revenue-related figures, it does not disclose the operating expenses. A prospective franchisee would need to contact Casiola's management to obtain detailed information about the expenses associated with running an Orlando 1 location to fully understand the potential profitability. Understanding these expenses is critical for assessing the financial viability of a Casiola franchise.