What was the total number of Casiola outlets at the end of 2023?
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 total number of Casiola outlets at the end of 2023 was 2. This figure encompasses both franchised and company-owned outlets. Notably, there was no net change in the total number of outlets during 2023, as the number remained constant at 2 from the beginning to the end of the year.
Specifically, the FDD provides a breakdown of the outlet types. For franchised outlets, the number remained at 0 throughout 2023. On the other hand, company-owned outlets also saw no change, remaining at 2. This indicates that Casiola did not open any new locations nor close any existing ones during that year.
Prospective franchisees should note that while the total number of outlets remained stable, Casiola projects opening 4 new franchised outlets in Florida in the next fiscal year. This suggests a potential growth phase for the franchise system. It's important for potential franchisees to further investigate Casiola's growth strategy and market penetration plans to assess the opportunities and challenges associated with joining the franchise.