If a Cool Binz franchisee wants to purchase an unapproved item, what must they provide to Cool Binz for approval?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
In the event you wish to purchase an unapproved item, including Portable Equipment, inventory, and/or acquire approved items from an unapproved supplier, you must provide us a proof of the materials you wish to order to us and a written request for approval. We will notify you in writing of our approval or disapproval within ten days of receipt of the materials and your written request. If you do not receive approval within ten days, you should consider the materials disapproved. All materials must meet the quality of our current suppliers, and correctly bear the Marks. Approval of a supplier may be conditioned on requirements relating to product quality, production and delivery capabilities, ability to meet our supply commitments and financial stability. Standards and specifications are updated periodically at our sole determination and are made available to you in our Manuals, other publications, and on our web site. You must reimburse us our actual costs and expenses if you request that we approve an alternative supplier, regardless of if we subsequently approve your request.
Source: Item 8 — RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES (FDD pages 31–34)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, if a franchisee wishes to purchase an unapproved item, including portable equipment and inventory, or acquire approved items from an unapproved supplier, they must provide Cool Binz with proof of the materials they wish to order and a written request for approval. Cool Binz will then notify the franchisee in writing of their approval or disapproval within ten days of receipt of the materials and the written request. If the franchisee does not receive approval within ten days, the materials should be considered disapproved.
The FDD specifies that all materials must meet the quality standards of Cool Binz's current suppliers and correctly bear the brand's marks. Approval of a supplier may be conditional, depending on factors such as product quality, production and delivery capabilities, the ability to meet supply commitments, and financial stability. These standards and specifications are periodically updated at Cool Binz's discretion and are made available in the manuals, other publications, and on the Cool Binz website.
Importantly, the franchisee must reimburse Cool Binz for its actual costs and expenses incurred in reviewing the request for approval, regardless of whether the request is ultimately approved. This financial responsibility applies to each instance where a franchisee seeks approval for an alternative supplier or unapproved item, adding a potential cost to the franchisee's operations.