According to the Cool Binz FDD, what are 'Company Stores'?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
COOL BINZ Affiliates: A collective reference for COOL BINZ franchisee(s), Company Store(s), us and/or COOL BINZ North America, LLC ("CBNA").
COOL BINZ Corporate Territory: The zip-codes that are owned by us, and have not been awarded to a COOL BINZ franchisee or a Company Store.
1
Chain Customer: A non-residential customer, a group of customers, a partner or group of partners that operate under a common ownership or control, under the same trademarks or service marks through independent franchises, or some other association located at multiple addresses.
Company Stores: A COOL BINZ office that is owned by CBNA.
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, a 'Company Store' is defined as a Cool Binz office that is owned by CBNA, which is Cool Binz North America, LLC. This means that Cool Binz, through its parent company, directly operates some of its own locations, in addition to franchising.
As a prospective franchisee, it's important to understand the implications of Company Stores. Cool Binz franchisees may face competition from these Company Stores, as stated in Item 23. The FDD also mentions that Cool Binz retains the right to establish Company Stores outside of a franchisee's territory. Furthermore, other Cool Binz franchisees or Company Stores may accept jobs and service customers within a franchisee's territory without restriction or limitation.
It is also important to note that all zip codes that have not been awarded to a Cool Binz franchisee or a Company Store are corporately owned, referred to as "COOL BINZ Corporate Territory". A franchisee may not advertise there without prior written permission from Cool Binz. Understanding the territories of Company Stores and corporate-owned zip codes is crucial for a franchisee's marketing and operational planning.