What is the amount of the Interim Management Service fee charged by Casiola?
Casiola Franchise · 2024 FDDAnswer from 2024 FDD Document
| Type of Fee (Note 1) | Amount | Due Date | Remarks |
|---|---|---|---|
| Interim Management Service | $500 per day plus actual costs incurred by us | As invoiced | Payable if we elect to manage the Franchised Business due to a failure by you to have the Franchised Business managed by an authorized |
Source: Item 6 — OTHER FEES (FDD pages 12–18)
What This Means (2024 FDD)
According to Casiola's 2024 Franchise Disclosure Document, an Interim Management Service fee is charged if Casiola elects to manage the Franchised Business because the franchisee fails to have the business managed by an authorized Managing Owner or Manager. This fee is $500 per day, in addition to the actual costs incurred by Casiola.
This fee is invoiced to the franchisee. It is important to ensure that the business is always managed by an authorized individual to avoid incurring this fee.
Franchise agreements often include provisions for franchisor intervention in cases of mismanagement or abandonment, but the specific fees and conditions can vary widely. Prospective Casiola franchisees should understand the circumstances that could trigger this fee and factor it into their operational planning and risk assessment.