What consents from lessors or other parties are required to transfer a Cool Binz franchise?

According to the 2025 Cool Binz Franchise Disclosure Document, a transfer of the franchise may require consent from lessors or other parties. Specifically, Item 23 states that "to the extent required by the terms of any leases or other agreements, the lessors or other parties must have consented to the proposed transfer".

This means that if the franchisee's lease agreement for their Cool Binz location, or any other relevant agreements, stipulates that the lessor or another party must approve a transfer of the business, then the franchisee must obtain that consent as a condition of the transfer. This is a fairly standard clause in franchise agreements, as franchisors want to ensure that the new franchisee has the legal right to operate at the existing location.

For a prospective Cool Binz franchisee, this highlights the importance of carefully reviewing all lease agreements and other contracts related to the business. Before attempting to sell the franchise, the franchisee should identify any clauses that require third-party consent for transfer and understand the process for obtaining that consent. Failure to do so could delay or even prevent the sale of the franchise.