In 2023, how many Cool Binz outlets were opened in Michigan?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
tus of company-owned outlets For Years 2022 to 2024**
| State | Year | Outlets at Start of Year | Outlets Opened | Outlets Reacquired from Franchisees | Outlets Closed | Outlets Sold to Franchisees | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|
| Florida* | 2022 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2024 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 60–62)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, there were 2 Cool Binz outlets opened in Michigan during 2023. The FDD provides a table that details outlet information by state and year, including the number of outlets opened. This information is useful for prospective franchisees to understand the growth and activity of the Cool Binz franchise system in specific geographic areas.
Specifically, the table shows that at the start of 2023, there were no Cool Binz outlets in Michigan. Throughout 2023, two new outlets were opened, bringing the total to two outlets by the end of the year. In 2024, no additional outlets were opened, so the total remained at two.
Reviewing this historical data can help potential franchisees assess the brand's expansion rate and market penetration in Michigan. It's important to note that past performance doesn't guarantee future results, but it offers insights into Cool Binz's development and activity in the state. Franchisees should also consider other factors, such as local market conditions and competition, when evaluating the opportunity.