How many franchised Cool Binz outlets were operating at the start 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 zero franchised outlets operating at the start of 2024. The provided table in Item 20 of the FDD outlines the systemwide outlet summary for the years 2022 to 2024. In 2022 and 2023, there were zero franchised outlets at both the start and end of each year.
In 2024, the table indicates that Cool Binz opened 3 franchised locations, resulting in 3 franchised outlets at the end of the year. This suggests that Cool Binz began franchising in 2024, as there were no franchised locations in the previous years.
Prospective franchisees should note that Cool Binz is a relatively new franchise system, with no franchised locations operating prior to 2024. This could present both opportunities and risks for franchisees. The opportunity lies in being among the first to establish the brand in new markets. The risk is that the franchise system lacks a long track record of performance.