How many franchised Cool Binz outlets were operating at the end of 2024?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2022 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | |
| 2024 | 0 | 3 | +3 |
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 3 franchised outlets operating at the end of 2024. The FDD provides a system-wide outlet summary that details the changes in the number of franchised Cool Binz locations over the past three years. In 2024, the number of franchised outlets increased from 0 at the start of the year to 3 at the end of the year. This indicates a net change of +3 franchised locations during that year.
Additionally, the FDD includes a table that breaks down outlet information by state. In 2024, 3 Cool Binz franchises opened in Georgia. The state tables show the number of outlets at the start and end of the year, as well as any openings, terminations, non-renewals, or re acquisitions by the franchisor.
Prospective franchisees can use this information to understand the recent growth and geographical distribution of Cool Binz franchises. It's important to note that while the system experienced growth in 2024, the overall number of franchised locations remains relatively small. This could indicate that Cool Binz is a newer franchise system or that it is expanding cautiously. Franchisees should further investigate the reasons behind the limited number of existing locations and the franchisor's plans for future expansion.