CasagoFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Casago franchise requires a total initial investment of $23K – $1.3M, including a $14K franchise fee. The 2026 FDD does not disclose unit-level revenue (no Item 19). Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2026 FDD issuance
Overview
- Investment
- $23K – $1.3M
- 9th pct Real Estate
- Avg gross sales
- N/A
- 25th pct Real Estate
- Royalty
- N/A
- Units
- 129
- 48th pct Real Estate
- SBA default
- N/A
Quick verdict · Real Estate · color = vs category peers
Green = >15% above Real Estate avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Franchised units fell from 125 to 30 over 3 years. Investigate why operators are leaving.
Bottom line
- Total investment $23K – $1.3M including a $14K franchise fee.
- No Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- Verdict A (Top Quintile) with a risk score of 46/100.
- System growing at 316.7% CAGR over 3 years with 129 total units. Strong expansion trajectory.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Casago International, LLC
- Parent company
- Casago Holdings, LLC
- Incorporated in
- AZ
- HQ
- 850 NW 13th Avenue, Portland, OR 97209
- Auditor
- Smith and Howard, PC
- Audited financials
- Franchisor revenue
- $2.9M
- vs $6.5M prior year
Overview
About
Casago franchisees operate short-term rental property management businesses, handling guest acquisition, property maintenance, cleaning, and customer service for vacation rental portfolios. Franchisees leverage the Casago platform, branding, and booking channels to generate gross rental revenues from which they pay the sliding-scale royalty. The business model emphasizes portfolio scale (evidenced by royalty tiers reaching 1.5% above $10M in revenues) and depends heavily on local property sourcing and guest experience management.
- CEO
- Steve Schwab
- Headquarters
- OR
- Founded
- 2020
- FDD year
- 2026
- States available
- 25
FDD Item 7 · 2026 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $14K | $14K |
| Working capital (3–6 mo) | $5K | $100K |
| Equipment, build-out, other | $4K | $1.2M |
| Total initial investment | $23K | $1.3M |
Source: Casago 2026 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $23K – $1.3M
- Better than avg vs category
- Liquid capital req'd
- $5K – $100K
- Better than avg vs category
- Franchise fee
- $14K – $112K
- Better than avg vs category
- Royalty
- Sliding scale: 3.5% of Gross Rental Revenues up to $3M; 3…
- Ad fund
- 0.5%
- typical 3–5%
- Total fee load
- 4.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Marketing / ad fund | 0.5% of gross sales |
| Transfer fee | $50 |
| Total fee load | 4.0% of rev |
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
vs Real Estate averages
How Casago Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 129
- Opened
- 98
- Last reporting year
- Closed
- 0
- Turnover rate
- 0.0%
- Company-owned
- 4
- Corporate units in the system
- % franchised
- 97%
- vs corporate-owned
- Net growth (yr3)
- Outlier (see FDD)
- Likely small-sample artifact
- 3-yr CAGR
- Outlier (see FDD)
- Likely small-sample artifact
3-year detail · Item 20
- Transfers (3yr)
- 1
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 26 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator. Not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 1 7(a) loan on file; statistical reliability is limited below 10 loans.
- Total loans
- 1
- Loan volume
- $1.3M
- Median loan
- $1.3M
- 50th percentile
- Charge-off rate
- N/A
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- N/A
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 1
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Casago's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 1 lenders with concentration factor
- Per-state charge-off rates across 1 states
- Startup risk premium and job creation velocity
- 1-year lending trend
Instant access. No subscription.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Casago presents elevated risk due to active litigation alleging misrepresentation, explosive unvetted growth, non-transparent Unit Economics, and a zero-fee/high-royalty model that may prioritize franchisor revenue over franchisee profitability.
Audited financials (Item 21)
Yes · Smith and Howard, PC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Score breakdown · what drove the 46 / 100 rating
- 01HIGHTwo active litigation cases including misrepresentation allegations and wrongful termination dispute signal potential franchisor-franchisee relationship problems
- 02MINORExplosive unit growth of 237.8% YoY raises sustainability concerns and suggests possible aggressive recruitment over support
- 03MINORZero franchise fee combined with aggressive royalty structure (up to 3.5%) indicates potential reliance on revenue extraction rather than franchisee success
- 04MEDNo disclosed average revenue or net income data prevents assessment of franchisee profitability and ROI potential
- 05MINORRapid scaling without transparent Unit Economics suggests system maturity and operational readiness questions
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Territory type | Geographic boundaries |
| Protected territory | Yes |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | No |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | Delaware |
| Litigation count | 2 |
Items 10, 11
Training & Operations
- Classroom training
- 70 hrs
- On-the-job training
- 0 hrs
- POS system
- Required Software (property management system)
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Required Software (property management system)
Item 20 · call current owners
Franchisee Contacts
47 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Casago · FDD (2026) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Casago franchise?
The total investment to open a Casago franchise ranges from $23K – $1.3M, with an initial franchise fee of $14K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Casago franchise owners earn?
Casago does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is Casago's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Casago (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many Casago franchise locations are there?
As of their most recent FDD filing, Casago has 129 total units in the United States, including 125 franchised units and 4 company-owned units. 98 new units were opened in the latest reporting year.
Is Casago a good franchise to buy?
FranchiseVerdict rates Casago as a A-grade franchise with a risk score of 46 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.