What happens if a Cool Binz franchisee orders supplies from an unapproved supplier?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
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- You order or purchase supplies, signs, furnishings, fixtures, equipment or inventory from an unapproved supplier.
Use of products and materials that have not received our prior written approval and/or do not meet our standards and specifications can result in the termination of this Agreement.
All products and materials must meet System Standards and specifications for representation of the Marks, and be pre-approved by us regardless of the supplier. In the event you wish to purchase an unapproved item, including inventory, and/or acquire approved items from an unapproved supplier, you must provide us a written request for approval, including a proof of the materials you wish to order. We will notify you in writing of our approval or disapproval within ten (10) days of receipt of the materials and your written request. We have no obligation to approve any particular products, service or supplier. If you do not receive approval within ten (10) days, you should consider the materials disapproved. All products and materials must meet the quality of our current suppliers, and correctly bear the Marks. Standards and specifications are periodically modified to meet changing market conditions and are published in our Operations Manual and on our web site. You must reimburse us our reasonable costs, regardless of if we subsequently approve your request.
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, ordering or purchasing supplies, signs, furnishings, fixtures, equipment, or inventory from an unapproved supplier can lead to the termination of the Franchise Agreement.
Cool Binz requires that all products and materials meet System Standards and specifications for representing the Marks, and they must be pre-approved, regardless of the supplier. If a franchisee wants to purchase an unapproved item or acquire approved items from an unapproved supplier, they must submit a written request for approval, including proof of the materials they intend to order. Cool Binz will then notify the franchisee in writing of their approval or disapproval within ten days of receiving the request. If approval is not received within this timeframe, the materials should be considered disapproved. The franchisee must also reimburse Cool Binz for reasonable costs incurred during the approval process, regardless of whether the request is ultimately approved.
Cool Binz emphasizes that using products and materials without prior written approval or that do not meet their standards and specifications can result in the termination of the Franchise Agreement. These standards and specifications are updated periodically at Cool Binz's discretion and are made available to franchisees on the COOL BINZ owners' intranet website and in the Operations Manual. This stringent control over suppliers and materials is intended to maintain quality and uniformity across all Cool Binz franchise locations, protecting the brand's image and reputation.