What is the standard initial franchise fee for a Casiola franchise?
Casiola Franchise · 2024 FDDAnswer from 2024 FDD Document
Initial Franchise Fee*
When you sign a Franchise Agreement you must pay to us a non-refundable initial franchise fee (the "Initial Franchise Fee"). The Initial Franchise Fee is $35,000 for a geographic area that operates as a single territory with approximately 250 to 5,000 potential rentable short-term rental properties located within the geographic territory (a "Territory"). The Initial Franchise Fee is fully earned by us upon payment. The method we use to calculate the Initial Franchise Fee is uniform for all franchises, except, as described below, we offer a veteran's discount, qualified employee discount, and multi-territory discount.
Veteran's Discount
For qualified individuals who were honorably discharged from any branch of the United States Military we offer a 15% discount off of the Initial Franchise Fee for your first Franchise Agreement for your first territory. This discount must be requested at the time of your initial franchise application and requires documented military service and is subject to our approval and agreement to award a franchise.
Qualified Employee Discount
For qualified individuals who have been employed by us or our affiliate for two or more years we offer a 50% discount off of the Initial Franchise Fee for your first Franchise Agreement for your first territory. This discount must be requested at the time of your initial franchise application and is subject to our approval and agreement to award a franchise.
Initial Training Fee
When you sign a Franchise Agreement you must pay to us a non-refundable initial training fee (the "Initial Training Fee") in the amount of $7,500. This fee is an attendance fee for your participation and the participation of up to three additional authorized individuals to attend our i
Source: Item 5 — INITIAL FEES (FDD pages 11–12)
What This Means (2024 FDD)
According to Casiola's 2024 Franchise Disclosure Document, the standard initial franchise fee is $35,000. This fee grants the franchisee the right to operate a single territory, defined as a geographic area containing approximately 250 to 5,000 potential rentable short-term rental properties. This fee is non-refundable and is considered fully earned by Casiola upon payment. The FDD specifies that the method used to calculate the initial franchise fee is uniform for all franchises, although discounts are available under certain conditions.
Casiola offers a 15% discount on the initial franchise fee for qualified veterans who were honorably discharged from the United States Military. This discount applies only to the first Franchise Agreement for the first territory and must be requested at the time of the initial franchise application. Casiola also provides a 50% discount off the initial franchise fee for qualified individuals who have been employed by Casiola or its affiliate for two or more years, again applicable to the first Franchise Agreement for the first territory and requiring a request at the time of application.
For franchisees interested in securing multiple territories, Casiola offers discounted initial franchise fees per territory based on the number of territories purchased. For example, purchasing two territories simultaneously reduces the fee to $32,500 per territory, totaling $65,000. The fee decreases further with additional territories, reaching $28,000 per territory when purchasing five territories, for a total of $140,000. These discounts are applicable only if the Franchise Agreements are signed at the same time and are subject to market type, availability, and Casiola's discretion.
In addition to the initial franchise fee, Casiola also requires an initial training fee of $7,500. This fee covers the participation of up to four individuals (the franchisee and three additional authorized individuals) in Casiola's initial training program. This fee, like the initial franchise fee, is non-refundable. Prospective franchisees should factor in both the initial franchise fee and the initial training fee when assessing the total initial investment required to start a Casiola franchise.