What is the fee for not attending the Cool Binz convention without prior written permission?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
and you will be responsible for the payment of all travel and living expenses incurred by your designees while training.
The Managing Owner or, if applicable, the Designated General Manager, must attend the COOL BINZ convention every year it is offered. If you fail
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, the Managing Owner or Designated General Manager must attend the annual Cool Binz convention. If they fail to attend without prior written permission from Cool Binz, the franchisee must pay a Convention Non-Attendance Fee of $1,000.
This fee is a financial consequence for not fulfilling the mandatory attendance requirement, which Cool Binz likely enforces to ensure franchisees stay updated on company strategies, network with peers, and receive additional training. Obtaining prior written permission is crucial to avoid this fee if attendance is not possible.
For a prospective Cool Binz franchisee, this means budgeting for the annual convention and prioritizing attendance. If unforeseen circumstances prevent attendance, it is essential to request written permission from Cool Binz in advance to avoid the $1,000 fee. This policy highlights the importance Cool Binz places on franchisee engagement and ongoing training.