What was the total revenue 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, the company provides financial performance data for its company-owned outlet in Orlando, broken down into two operating territories referred to as "Orlando 1" and "Orlando 2." The document includes select performance data for Orlando 1.
For Orlando 1, the aggregate gross rental revenues collected on behalf of customers was $4,877,629 for the 2022 calendar year and $3,375,022 for the 2023 calendar year. Commission fees for Orlando 1 were $941,428 in 2022 and $678,919 in 2023. Damage Waiver Fee Margin for Individual Unit Rental Property was $2,035.87 in 2022 and $1,958.89 in 2023.
It is important to note that Casiola states that individual results may differ, and there is no assurance that a franchisee will earn as much as the company-owned locations. The FDD also clarifies that the financial information provided was not prepared on a basis consistent with generally accepted accounting principles and has not been audited.