conditional
Under what condition does Casiola charge an Interim Management Service fee?
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. This occurs when the franchisee fails to have the Franchised Business managed by an authorized Managing Owner or Manager.
The fee for this service is $500 per day, in addition to the actual costs incurred by Casiola. This fee is invoiced as needed.
This means that if a Casiola franchisee is unable to manage their business themselves or appoint an approved manager, Casiola may step in to manage the business, but at a significant daily cost to the franchisee. This fee covers Casiola's time and any expenses they incur while managing the location.
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.