What are 'National Accounts' in the Cool Binz franchise system?

According to Cool Binz's 2025 Franchise Disclosure Document, National Accounts are defined as businesses that operate in multiple locations. Cool Binz, as the franchisor, exclusively negotiates and enters into agreements with these National Accounts. As a franchisee, you may be presented with the opportunity to service a National Account.

However, the FDD stipulates that if you decline or are unable to service a National Account, Cool Binz, its affiliates, or another franchisee can provide the service. Importantly, you will not receive any compensation for this service, even if it is performed within your designated territory. This means that while you may have a protected territory, the franchisor retains the right to service National Accounts within that territory without compensating you if you cannot or choose not to fulfill the service.

This arrangement has significant implications for a prospective Cool Binz franchisee. While the potential to service National Accounts could be lucrative, franchisees must be prepared to potentially lose out on revenue if they cannot handle such accounts. It is crucial to assess your operational capacity and willingness to service large, multi-location businesses before committing to the franchise. Additionally, franchisees should inquire about the frequency and types of National Account opportunities that typically arise to better understand the potential impact on their business.