factual

Does Cool Binz provide any assurance that franchisees will earn as much as the affiliated-owned location?

Cool_Binz Franchise · 2025 FDD

Answer from 2025 FDD Document

month time period but may vary.

Some outlets have earned this much. Your individual results may differ. There is no assurance that you'll earn as much.

Written substantiation for the financial performance representation will be made available to prospective

Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 58–60)

What This Means (2025 FDD)

According to Cool Binz's 2025 Franchise Disclosure Document, Cool Binz does not assure prospective franchisees that they will earn as much as the affiliated-owned location. The FDD includes a disclaimer stating that individual results may vary, and there is no guarantee of earning as much as some outlets. However, Cool Binz does provide historical rental information from January 1, 2024, to December 31, 2024, achieved by its affiliated-owned location. This location was the only unit open during the entire measurement period.

The financial performance representation includes the average months rented, which was 7.8 months, or 68% of the year, and the average rental rate, which was $502.80. Cool Binz allows franchisees to set their own pricing but suggests using the provided rates as a guideline. This information is unaudited.

It is important for prospective franchisees to understand that the financial performance of the affiliated-owned location is not a guarantee of future performance. Cool Binz emphasizes that individual results may differ. Franchisees should carefully consider their own market conditions, business acumen, and other factors that may affect their financial performance. Cool Binz will make written substantiation for the financial performance representation available to prospective franchisees upon reasonable request.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.