Does Cool Binz make any representation that a new franchisee will perform as well as any other franchisee?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
"YOU FURTHER UNDERSTAND THAT SOME FRANCHISEES ARE MORE OR LESS SUCCESSFUL THAN OTHER FRANCHISEES AND THAT WE HAVE MADE NO REPRESENTATION THAT YOU WILL DO AS WELL AS ANY OTHER FRANCHISEE."
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, Cool Binz explicitly states that they make no representation that a franchisee will perform as well as any other franchisee. The document emphasizes that some franchisees are more or less successful than others.
This disclaimer is a standard practice in franchising. It acknowledges that the success of a franchise depends on various factors, including the franchisee's management skills, local market conditions, and the franchisee's adherence to the Cool Binz system. Prospective franchisees should not assume they will automatically achieve the same level of success as existing franchisees.
This acknowledgement is part of a broader set of affirmations and representations within the franchise agreement, where the franchisee confirms they haven't relied on any guarantees or promises about potential profitability beyond what's provided in the Franchise Disclosure Document. This underscores the importance of conducting thorough due diligence and understanding the risks involved before investing in a Cool Binz franchise.