Does Armando Perez's management company receive payments from Cilantro Taco Grill?
Cilantro_Taco_Grill Franchise · 2024 FDDAnswer from 2024 FDD Document
Immediately after the death or permanent disability of such person, or while the rights granted under this Agreement are owned by an executor, administrator, guardian, personal representative or trustee of that person, the Multi-Unit Operator's Cilantro Taco Grill outlet(s) and remaining development schedule shall be supervised by an interim successor manager satisfactory to Franchisor, or Franchisor, in its sole discretion, may provide interim management at a fee equal to eight percent (8%) of the Gross Revenue generated by the Multi-Unit Operator's Cilantro Taco Grill outlet(s) during Franchisor's operation thereof, plus any and all costs of travel, lodging, meals and other expenses reasonably incurred by Franchisor, pending transfer of the Multi-Unit Operator's Cilantro Taco Grill outlet(s) and remaining development schedule to the deceased or disabled individual's lawful heirs or successors.
Source: Item 18 — PUBLIC FIGURES (FDD page 48)
What This Means (2024 FDD)
Based on the 2024 Cilantro Taco Grill Franchise Disclosure Document, there is no mention of Armando Perez or his management company receiving payments from Cilantro Taco Grill. However, the document does state that in the event of the death or permanent disability of a Multi-Unit Operator, Cilantro Taco Grill may provide interim management and receive a fee. This fee is equal to eight percent of the Gross Revenue generated by the Multi-Unit Operator's Cilantro Taco Grill outlets during the period Cilantro Taco Grill manages them. Additionally, Cilantro Taco Grill would be reimbursed for all costs of travel, lodging, meals, and other expenses reasonably incurred during this interim management.
This arrangement is contingent on the Multi-Unit Operator's Cilantro Taco Grill outlets being supervised by an interim successor manager satisfactory to Cilantro Taco Grill, or if Cilantro Taco Grill chooses to provide interim management themselves. This would occur while the rights granted under the Franchise Agreement are owned by an executor, administrator, guardian, personal representative, or trustee of the person who died or became permanently disabled. The interim management continues until the Multi-Unit Operator's Cilantro Taco Grill outlets and remaining development schedule are transferred to the deceased or disabled individual's lawful heirs or successors.
Prospective franchisees should inquire with Cilantro Taco Grill about any relationships or financial arrangements with specific individuals or management companies, including Armando Perez's company, to gain a clearer understanding of potential conflicts of interest or benefits that may exist. This is especially important to ensure transparency and fairness in the franchise operation.