factual

What is the standard initial franchise fee for a Casiola franchise, covering a single territory?

Casiola Franchise · 2024 FDD

Answer 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 agreeme

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 for a single territory. This territory is defined as a geographic area containing approximately 250 to 5,000 potential rentable short-term rental properties. This fee is non-refundable and is fully earned by Casiola upon payment. The FDD specifies that the method used to calculate this fee is uniform for all franchises.

Casiola does offer certain discounts on the initial franchise fee under specific conditions. Qualified veterans who were honorably discharged from the United States Military may be eligible for a 15% discount off the initial franchise fee for their first territory, provided they request the discount at the time of their initial franchise application and can document their military service. Additionally, individuals who have been employed by Casiola or its affiliate for two or more years may qualify for a 50% discount off the initial franchise fee for their first territory, subject to similar application and approval requirements.

For prospective franchisees considering expanding their operations, Casiola offers discounts for purchasing additional territories. While the initial franchise fee for a single territory is $35,000, purchasing multiple territories concurrently can reduce the per-territory fee. For example, purchasing two territories at the same time results in a fee of $32,500 per territory, totaling $65,000. The discount structure continues for up to five territories purchased simultaneously, with the fee decreasing to $28,000 per territory for a total of $140,000.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.