Is the Cool Binz Managing Owner provided with a training program?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
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- Provide you with a training program (described in more detail below) to (a) the Managing Owner, if they are managing the COOL BINZ Business, and (b) the Designated Manager, if applicable at no additional fee or other charge (Section 3.A of the Franchise Agreement).
JumpStart Training and Initial Training (Section 3.A of the Franchise Agreement)
You must successfully complete our JumpStart Initial Training program (hereinafter, "JumpStart," Section 3.A of the Franchise Agreement) within four (4) months of signing the Franchise Agreement, before attending in-person business operations and managerial Training (hereinafter, "Initial Training") and before the opening of the COOL BINZ Business. This includes our comprehensive preparation program that includes numerous pre-opening activities and may last up to sixteen (16) weeks, depending on the pace you establish to complete activities. During the JumpStart training program, with guidance f
Initial Training takes place at a location in Naples, Florida, BFG headquarters in Ann Arbor, MI, or another location designated by us. It may be attended by you and the Managing Owner or, if applicable, the Designated Manager, at no additional fee.
The Managing Owner or, if applicable, the Designated Manager, must attend the Convention every year that it is scheduled and pay our then-current fee, which is currently (a) $799 maximum per person to attend the Convention, and (b) $0 to $500 per person per event for Regional Meetings. The Managing Owner or, if applicable, Designated Manager also must attend periodic refresher training courses and conferences, not to exceed one convention/conference per year, at the times and locations we determine, and for which we may charge the fees described above, including $0 to $500 per person for additional training. We will determine the duration, curriculum, and location of any such sessions. You will be responsible for all travel and living
expenses that are incurred by you or your employees/owners while attending such session. Some of these events may occur outside of your home state. We will determine the duration, curriculum, and location of any of these sessions. The curriculum for online training and these events can include, but is not limited to, technical training, business plan analysis, marketing, profitability, and maximizing your business opportunities. You must pay for all registration fees, travel and living expenses that you incur while attending such sessions. Provided you are in full compliance with the Franchise Agreement you do not have to attend any refresher training courses or conferences more than once a year.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 36–45)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, Cool Binz provides a training program to the Managing Owner, if they are managing the Cool Binz business. This training is provided at no additional fee or charge.
The Cool Binz training program includes JumpStart Initial Training, which must be completed within four months of signing the Franchise Agreement, before attending in-person business operations and managerial Initial Training, and before opening the Cool Binz Business. The JumpStart program includes pre-opening activities and may last up to sixteen weeks. Initial Training will last up to four days and must be completed within six months of signing the franchise agreement. Initial Training takes place in Naples, Florida, BFG headquarters in Ann Arbor, MI, or another location designated by Cool Binz.
The Managing Owner must also attend the Convention every year that it is scheduled and pay the then-current fee, which is currently a maximum of $799 per person. They must also attend periodic refresher training courses and conferences, not to exceed one convention/conference per year, for which Cool Binz may charge fees, including $0 to $500 per person for additional training. The franchisee is responsible for all travel and living expenses incurred while attending training sessions. The curriculum for online training and these events can include technical training, business plan analysis, marketing, profitability, and maximizing business opportunities.