Does the Cool Binz FDD include financial statements for years prior to 2022?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
I have received a Franchise Disclosure Document dated March 28, 2025that included the following Exhibits:
- A Form of Agreements
- A-1 Franchise Agreement and Addenda
- A-2 Confidentiality / Non-Disclosure
Agreement
A-3 - General Release(s) – Upon Renewal or
Assignment B – Financial Statements
- C State Administrators/ Agents for Service of Process
- D State Addenda to the Disclosure Document
E – List of Franchisees
F – List of Former Franchisees
G – 1 – Franchise Organizations
G – 2 – Independent Franchisee Associations
H – Disclosure Acknowledgement Questionnaire
I – Operations Manual Table of Contents
J - State Effective Dates Page
K - Receipts
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 62)
What This Means (2025 FDD)
Based on the 2025 Cool Binz Franchise Disclosure Document, Exhibit B includes the financial statements. The FDD does not specify which years are included in Exhibit B. To determine if the financial statements include years prior to 2022, a prospective franchisee should review Exhibit B of the FDD.
Without access to Exhibit B, it is not possible to confirm whether the Cool Binz FDD includes financial statements for years prior to 2022. Franchisees typically want to review several years of financial statements to understand the financial stability and performance history of the franchisor.
Therefore, a potential Cool Binz franchisee should carefully examine Exhibit B and, if necessary, ask Cool Binz directly for financial statements covering the years they are interested in to conduct thorough due diligence.