Besides the financing arrangements already described, will Cool Binz guarantee any notes, leases, or obligations for franchisees?

According to Cool Binz's 2025 Franchise Disclosure Document, outside of the financing they may offer for the initial franchise fee, initial equipment package, and initial promotional package, Cool Binz will not guarantee any notes, leases, or obligations for franchisees.

Specifically, Cool Binz may finance up to 50% of the initial franchise fee, initial equipment package, and initial promotional package, requiring a minimum 50% down payment. The term of the financing can be up to 36 months, with an interest rate of 9%. Cool Binz requires a personal guaranty as security.

This means that franchisees are solely responsible for securing and guaranteeing any additional financing needed for their Cool Binz franchise, such as leases for business locations or loans for operational expenses. Cool Binz's limited financing and lack of guarantees could make it more challenging for franchisees to obtain the necessary capital to start and run their business, as they will need to rely on their own creditworthiness and assets.