What year are the Casiola financial statements for?
Casiola Franchise · 2024 FDDAnswer from 2024 FDD Document
To the Members of Casiola Franchise, LLC Orlando, Florida
Opinion
We have audited the accompanying financial statements of Casiola Franchise, LLC (the "Company"), which comprise the balance sheet as of December 31, 2023 and the related statements of operations, members' equity (deficit), and cash flows for the period from January 6, 2023 to December 31, 2023 and the related notes to the financial statements.
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 46–47)
What This Means (2024 FDD)
According to Casiola's 2024 Franchise Disclosure Document, the financial statements included are for the period ending December 31, 2023. These statements include the balance sheet, statements of operations, member's equity (deficit), and cash flows for the period from January 6, 2023, to December 31, 2023. The financial statements also include accompanying notes, which are an integral part of the statements.
These financial statements were audited by Metwally CPA PLLC, who issued an independent auditor's report expressing their opinion on the fairness of the presentation of Casiola's financial position and results of operations. The auditor's report is dated March 18, 2024, indicating the completion of the audit and the availability of the financial statements for issuance at that time.
Prospective franchisees should review these financial statements and the accompanying notes carefully to understand Casiola's financial performance and position. Understanding the revenues, expenses, assets, and liabilities of Casiola can help potential franchisees assess the financial health and stability of the franchisor. Additionally, reviewing the auditor's opinion can provide assurance regarding the reliability of the financial information presented.