What is the maximum number of Cool Binz franchises a Related Franchisee can purchase at the discounted rate?
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.
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, a Related Franchisee, defined as a current franchisee in good standing with one of Cool Binz's franchising affiliates, can purchase up to two Cool Binz franchises at a discounted rate. This discounted initial franchise fee is 25% off the then-current initial franchise fee.
This discount is specifically limited to two franchises and requires that they be purchased simultaneously. This condition encourages existing franchisees to expand their operations within the Cool Binz system, but it also means that the franchisee must be ready to commit to multiple locations from the outset to take advantage of the offer.
It's important for prospective franchisees to note that this discount cannot be combined with any other discounts offered by Cool Binz. This limitation means that Related Franchisees need to evaluate all available incentives to determine the most beneficial option for their specific circumstances. The simultaneous purchase requirement also carries financial implications, as the franchisee will need to have sufficient capital to cover the initial fees for both locations at the time of purchase.