Does the Cool Binz Disclosure Acknowledgement Questionnaire ask if the franchisee received the Cool Binz International, LLC Franchise Disclosure Document and each exhibit?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
| Have you received the Cool Binz International, LLC Franchise Disclosure Document and each exhibit we provided to you? Yes or No |
|---|
| Did you sign a receipt for the Franchise Disclosure Document indicating the date you |
| received it? |
| Yes or No |
| Have you discussed operating a COOL BINZ franchise with an attorney, accountant or |
| other professional advisor? |
| Yes or No |
| Do you understand the success or failure of your franchise will depend on many factors |
| including your skills and abilities, competition, interest rates, the economy, inflation, labor |
| and supply costs, lease terms and the marketplace? |
| Yes or No |
| Has any employee or other person speaking on behalf of Cool Binz International, LLC |
| made any statement or promise regarding the amount of money you may earn in operating |
| the COOL BINZ franchise that is contrary to, or different from, the information contained |
| in the Franchise Disclosure Document? |
| Yes or No |
| Has any employee or other person speaking on behalf of Cool Binz International, LLC |
| made any statement or promise concerning the total amount of revenue the COOL BINZ |
| franchise will generate that is contrary to, or different from, the information contained in |
| the Franchise Disclosure Document? |
| Yes or No |
| Has any employee or other person speaking on behalf of Cool Binz International, LLC |
| made any statement or promise regarding the costs involved in operating the COOL BINZ |
| franchise that is contrary to, or different from, the information contained in the Franchise |
| Disclosure Document? |
| Yes or No |
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, the Disclosure Acknowledgement Questionnaire does include a question regarding the franchisee's receipt of the Cool Binz International, LLC Franchise Disclosure Document and all exhibits. This questionnaire is identified as Exhibit H in the FDD. However, prospective franchisees residing in or intending to operate in California, Maryland, and Washington are instructed not to complete the questionnaire.
The questionnaire asks franchisees to confirm whether they received the Franchise Disclosure Document and each exhibit provided to them. This is a standard practice in franchising, ensuring that franchisees acknowledge they have been given all the required information before entering into an agreement.
In addition to confirming receipt of the FDD and exhibits, the questionnaire also covers other important aspects of the franchise offering. It asks whether the franchisee signed a receipt for the FDD, consulted with professional advisors, understands the factors influencing the franchise's success, and if any statements or promises made by Cool Binz representatives contradict the information in the FDD. These questions aim to ensure the franchisee is making an informed decision and has not been misled by any representations outside of the official disclosure document.