What is the maximum number of Cool Binz franchises that a Related Franchisee can purchase at a discounted initial franchise fee, and what condition applies to the purchase?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
If you are currently a franchisee in good standing, as determined by us, with of one of our franchising affiliates (a "Related Franchisee"), then you may qualify to purchase a COOL BINZ Business with a discounted Initial Franchise Fee. The initial fees for a Related Franchisee will be twenty-five percent (25%) off of the then-current Initial Franchise Fee, and such discounted fee is limited to up to two (2) Franchises, which must be purchased at the same time.
A Related Franchisee cannot use any other discounts.
Source: Item 5 — INITIAL FEES (FDD pages 17–19)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, a Related Franchisee, defined as a franchisee in good standing with one of Cool Binz's franchising affiliates, may qualify for a discounted Initial Franchise Fee. This discount amounts to twenty-five percent (25%) off the current Initial Franchise Fee.
However, this discounted fee is limited to a maximum of two (2) Cool Binz franchises. Furthermore, these franchises must be purchased at the same time to qualify for the discount. This condition ensures that the discount is applied to a bulk purchase rather than individual acquisitions over time.
It is important to note that a Related Franchisee cannot combine this discount with any other discounts offered by Cool Binz. This restriction prevents the stacking of incentives and ensures that the 25% discount is the sole benefit received for being a Related Franchisee purchasing multiple franchises simultaneously. This is a fairly common practice in franchising, as franchisors often limit the combination of discounts to maintain financial viability and prevent excessive reductions in initial fees.