How many company-owned Cool Binz outlets were open in Michigan at the start of 2023?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
tus of company-owned outlets For Years 2022 to 2024**
| State | Year | Outlets at Start of Year | Outlets Opened | Outlets Reacquired from Franchisees | Outlets Closed | Outlets Sold to Franchisees | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|
| Florida* | 2022 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2024 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 60–62)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, there were no company-owned Cool Binz outlets open in Michigan at the start of 2023. The provided table details the number of outlets at the start of 2023, outlets opened during the year, outlets reacquired from franchisees, outlets closed, outlets sold to franchisees, and the number of outlets at the end of the year.
Specifically, the table shows that in 2022, there were zero outlets in Michigan at the start and end of the year. In 2023, there were still zero outlets at the start of the year, but two outlets were opened during 2023, resulting in two outlets at the end of the year.
This information is crucial for prospective franchisees as it provides insight into Cool Binz's operational presence and growth in specific states. The absence of company-owned stores in Michigan at the beginning of 2023, with two opening later in the year, suggests a recent expansion or a strategic shift in the company's approach to the Michigan market. This data helps potential franchisees assess the brand's development and market penetration in that region.