Are Cool Binz franchisees required to maintain vehicles in a 'good' condition?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
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- vehicle type, model, color, supplier, trademark representation, and appearance (no rust or body damage). These specifications are included in our Operations Manual. All vehicles purchased or leased for the COOL BINZ Business are to be, and maintained, in a "good" condition as defined by KELLY BLUE BOOK ("good" condition means that the vehicle is free of any major defects). The paint, body and interior must have only minor (if any) blemishes, and there may not be any major mechanical problems. In states where rust is a problem, this should be very minimal. All vehicles used in connection with the business are to be decaled as required by us and the decals are to be free of defects. You will be required to submit photos of all vehicles used in connection with the COOL BINZ Business in the manner and format we prescribe;
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, franchisees are required to maintain their vehicles in good condition. The FDD specifies that all vehicles purchased or leased for the Cool Binz business must be maintained in "good" condition, as defined by KELLY BLUE BOOK. According to the FDD, "good" condition means that the vehicle is free of any major defects, with only minor blemishes to the paint, body, and interior, and no major mechanical problems. The FDD also specifies that rust should be very minimal in states where it is a problem.
In addition to maintaining the vehicle's condition, Cool Binz requires that all vehicles used in connection with the business be decaled as required by them, and the decals must be free of defects. Franchisees are also required to submit photos of all vehicles used for the Cool Binz business in the manner and format prescribed by Cool Binz.
Failure to maintain vehicles in the required condition or to comply with vehicle standards could lead to a notice of default from Cool Binz. If the franchisee fails to cure the default within the specified timeframe, Cool Binz has the right to terminate the franchise agreement. This underscores the importance of adhering to Cool Binz's standards for vehicle maintenance and appearance to remain in compliance with the franchise agreement.