Does Cool Binz International, LLC require prospective franchisees to provide honest responses to each question in the Disclosure Acknowledgement Questionnaire?

According to Cool Binz's 2025 Franchise Disclosure Document, prospective franchisees are expected to provide honest responses to the questions in the Disclosure Acknowledgement Questionnaire. The document explicitly states that as part of preparing to enter into a Franchise Agreement, franchisees should carefully review each question and provide honest responses. However, prospective franchisees who reside in, or who intend to operate the franchised business in the states of California, Maryland, and Washington are instructed not to complete the questionnaire or respond to any of the questions contained within it.

This requirement for honest responses underscores the importance of transparency and accurate information during the franchise application process. Cool Binz uses this questionnaire to gauge the prospective franchisee's understanding and preparedness. By requiring honest answers, Cool Binz aims to ensure that franchisees are fully aware of the obligations, risks, and opportunities associated with operating a Cool Binz franchise.

However, the FDD also includes a table with questions included in the Disclosure Acknowledgement Questionnaire. These questions cover whether the franchisee received the FDD and its exhibits, signed a receipt for it, discussed the franchise with advisors, understands the factors influencing success, and if any statements were made contrary to the FDD. This questionnaire aims to confirm the franchisee's understanding of key aspects of the franchise offering and to document that no unauthorized representations were made during the sales process.