Under what condition is the Interim Management Service fee payable to 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, the Interim Management Service fee is applicable under specific circumstances. If a franchisee fails to ensure that their Franchised Business is managed by an authorized Managing Owner or Manager, Casiola has the option to manage the business themselves.
Should Casiola elect to step in and manage the Franchised Business, the franchisee will be responsible for paying an Interim Management Service fee. This fee amounts to $500 per day, in addition to covering the actual costs incurred by Casiola during the management period.
The fee is invoiced to the franchisee, making it essential for franchisees to maintain proper management of their Casiola business to avoid these additional expenses. This condition underscores the importance of having qualified and authorized personnel in place to oversee the daily operations of the franchise.