What are the minimum requirements to be considered for an additional Cool Binz franchise?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
Upon your request, we may, but are not obligated to, award you an additional COOL BINZ Business or an additional Territory, but any decision to do so will be in our sole discretion and judgment. At a minimum, to be considered for an additional Franchise you must be in compliance with your Franchise Agreement and have sufficient capital, and equipment to market and service both your Territory and the additional Territory.
Source: Item 12 — TERRITORY (FDD pages 45–49)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, the decision to award an additional Cool Binz Business or territory is at the sole discretion and judgment of the franchisor. However, at a minimum, a franchisee must meet certain requirements to be considered.
Specifically, the franchisee must be in compliance with their existing Franchise Agreement. This means they must be adhering to all the terms and conditions outlined in the agreement, such as maintaining required service levels, following operational procedures, and meeting financial obligations. Non-compliance could disqualify a franchisee from expansion opportunities.
Additionally, the franchisee must demonstrate that they possess sufficient capital and equipment to effectively market and service both their current territory and the additional territory they are seeking. This ensures that the franchisee has the resources necessary to manage a larger operation and maintain the quality of service expected by Cool Binz. The minimum portable equipment requirements increase with each territory a franchisee operates. The FDD states that a franchisee with one territory must maintain a minimum of 60 bins, while a franchisee with two territories must maintain at least 75 bins, and a franchisee with three territories must maintain at least 90 bins.