When is the Casiola Annual Conference Attendance Fee invoiced?
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 Managing Owner or Manager. |
| Optional Owner Growth Property Commission | $1,500 per contract for properties with a total annual revenue up to $40,000; $2,500 per contract for properties with total annual revenues between $40,000 and $80,000; $3,500 per contract for properties with total annual revenue exceeding $80,000. | As invoiced | Payable if you request our optional services in signing homeowner contracts on your behalf and must be paid within 30 days of signing. |
| Relocation | $2,000 | On demand | Payable if we approve a relocation request. |
| Transfer | $10,000 | On demand | Payable if we approve your transfer request and upon signing our then current Franchise Agreement. |
| Renewal | $5,000 | On signing renewal Franchise Agreement | Payable if we approve your renewal request and upon signing our then cu |
Source: Item 6 — OTHER FEES (FDD pages 12–18)
What This Means (2024 FDD)
According to Casiola's 2024 Franchise Disclosure Document, the Annual Conference Attendance Fee is due 'As invoiced.' This means that Casiola will send an invoice to the franchisee for the conference fee, and the franchisee will be expected to pay according to the terms specified on that invoice.
This type of payment arrangement is fairly standard in franchising. The franchisor typically outlines the payment terms, such as the due date and acceptable payment methods, on the invoice itself. Franchisees should pay close attention to these terms to avoid late payment fees or other penalties.
As a prospective Casiola franchisee, it would be prudent to inquire about the typical timing of these invoices. Understanding when to expect the invoice and what payment methods are accepted can help with budgeting and financial planning. Additionally, clarifying whether there are early bird discounts or late payment penalties associated with the conference fee can further inform your decision-making process.