For a Cool Binz franchise in Washington, what fees are subject to increase during the Franchise Agreement term?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
such site(s). We recommend, but do not require, that you update the social media page(s) at least monthly.
We shall have the right to modify the provisions of this Section.
We may use a portion of the Brand Marketing Fund or the monthly Technology Fee to pay or reimburse ourselves for the costs incurred in connection with the development, maintenance and update of our website.
We will provide you the business phone number and fax number to be used by the Business. This number will be forwarded to any device that you choose. As part of your local marketing, this number must be dedicated to your COOL BINZ Business.
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, several fees may be subject to increase during the franchise agreement term. Specifically, Cool Binz has the right to modify the provisions regarding the Brand Marketing Fund and the monthly Technology Fee. This means that the amount franchisees contribute to these funds could increase over time.
Additionally, franchisees may be required to pay the then-current Administrative Fee for certain requests or actions that require Cool Binz to amend the Franchise Agreement or provide consent for various transactions. Since this fee is the "then-current" rate, it is subject to change and potential increases during the term of the agreement.
For prospective Cool Binz franchisees in Washington, it's important to understand that these fees are not fixed and can be adjusted by Cool Binz. This could impact the overall cost of operating the franchise and should be considered when evaluating the financial feasibility of the investment. Franchisees should inquire about the historical frequency and magnitude of these fee adjustments to better anticipate potential future costs.