What is the address of BFG Holdco, Inc., the guarantor for Cool Binz?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
For value received, BFG Holdco, Inc., a Delaware corporation (the "Guarantor"), located at 3310 West End Avenue, Suite 620, Nashville, TN 37203, absolutely and unconditionally guarantees to assume the duties and obligations of Chem-Dry, Inc., NHance, Inc., 1-800 Water Damage International, LLC, Hoodz International, LLC, Ductz International, LLC, Patch Boys International, LLC, Plumberz International, LLC, Packoutz International, LLC, Safer Home Services International, LLC, Cool Binz International, LLC, Redbox+ International, LLC and JunkCo+ International, LLC, under their franchise registrations in each state where the franchises are registered, and under its Franchise Agreement identified in their Franchise Disclosure Documents issued March 28, 2025 (individually, each, a "Franchisor"), and as the Franchise Agreements may be entered into with all such obligations of the Franchisor under its franchise registrations and the Franchise Agreement are satisfied or until the liability of Franchisor to its franchisees under the Franchise Agreement has been completely discharged, whichever occurs first. The Guarantor is not discharged from liability if a claim by a franchisee against the Franchisor remains outstanding, notice of acceptance is waived. The Guarantor does not waive receipt of notice of default on the part of the Franchisor. This guarantee is binding on the Guarantor and its successors and assigns.
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to the 2025 Cool Binz Franchise Disclosure Document, BFG Holdco, Inc., the guarantor, is located at 3310 West End Avenue, Suite 620, Nashville, TN 37203. BFG Holdco, Inc. guarantees the obligations of Cool Binz International, LLC under its franchise registrations and Franchise Agreement.
This guarantee means that BFG Holdco, Inc. is financially responsible for ensuring that Cool Binz fulfills its obligations to franchisees. This provides an added layer of security for franchisees, as they have recourse to BFG Holdco, Inc.'s assets if Cool Binz fails to meet its commitments. The guarantee remains in effect until all obligations of Cool Binz to its franchisees are satisfied or the liability of Cool Binz to its franchisees has been completely discharged.
Prospective franchisees should understand the implications of this guarantee. While it offers some protection, it's essential to also assess the financial health and stability of BFG Holdco, Inc. to determine the true value of the guarantee. It is also important to note that the guarantor does not waive receipt of notice of default on the part of the Franchisor.