What is the Convention Non-Attendance Fee for Cool Binz?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
| Name of Fee (Note 1) | Amount | Due Date | Remarks (Note 1) |
|---|---|---|---|
| Convention Non Attendance Fee | Our then current fee, which is presently $1,000 | Due to us if you fail to attend the Convention and did not receive our prior written permission. | See Note 6 |
Source: Item 6 — OTHER FEES (FDD pages 19–27)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, franchisees may incur a Convention Non-Attendance Fee. The standard fee is currently $1,000. This fee is due if a franchisee fails to attend a scheduled convention without obtaining prior written permission from Cool Binz.
This fee is designed to encourage attendance at the Cool Binz convention, which the franchisor likely views as important for training, networking, and maintaining brand standards. By requiring franchisees to pay a fee for non-attendance, Cool Binz aims to ensure that franchisees participate in these events.
It's important to note that the Convention Non-Attendance Fee is subject to change. The FDD states that this is Cool Binz's "then current fee". Franchisees should confirm the current fee amount with Cool Binz before making any decisions about convention attendance. Franchisees should also be aware that failure to obtain prior written permission is a condition for the fee to apply.