Across all locations, how many Cool Binz outlets were operating at the end of 2023?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2022 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | |
| 2024 | 0 | 3 | +3 | |
| Company Owned | 2022 | 1 | 1 | 0 |
| 2023 | 1 | 3 | +2 | |
| 2024 | 3 | 3 | 0 | |
| Totals | 2022 | 1 | 1 | 0 |
| 2023 | 1 | 3 | +2 | |
| 2024 | 3 | 6 | +3 |
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, at the end of 2023, there were a total of 3 Cool Binz outlets operating. This number is derived from the systemwide outlet summary, which tracks the changes in the number of outlets over the years. The table shows the number of outlets at the start of the year, any openings, re acquisitions, closures or sales, and the number of outlets at the end of the year.
Specifically, the systemwide outlet summary indicates that Cool Binz had 1 outlet at the start of 2023, opened 2 new outlets during the year, and had 3 outlets at the end of 2023. This information is crucial for prospective franchisees as it provides a clear picture of the brand's growth and presence over time. Understanding the net change in outlets can help potential franchisees assess the stability and expansion potential of the Cool Binz franchise system.
It is important to note that the table also differentiates between franchised and company-owned outlets. In 2023, there were 0 franchised outlets and 3 company-owned outlets. This breakdown can give potential franchisees insight into the company's business model and its reliance on company-owned versus franchised locations. A higher number of company-owned outlets might indicate a greater level of control and investment by the franchisor in the brand's operations.