Who is provided with the Cool Binz training program at no additional fee or other charge?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
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- Provide you with a training program (described in more detail below) to (a) the Managing Owner, if they are managing the COOL BINZ Business, and (b) the Designated Manager, if applicable at no additional fee or other charge (Section 3.A of the Franchise Agreement).
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 36–45)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, the Managing Owner or the Designated Manager are provided with the Cool Binz training program at no additional fee or charge. Specifically, the FDD states that Cool Binz will provide a training program to (a) the Managing Owner, if they are managing the Cool Binz Business, and (b) the Designated Manager, if applicable, without any extra charge.
This means that as a Cool Binz franchisee, you, as the franchisee, will not be charged an additional fee for either your Managing Owner or Designated Manager to attend the initial training program. However, it is important to note that while the training itself is provided at no additional fee, the franchisee is responsible for covering all travel and living expenses incurred by the attendees during the training.
This is a fairly standard practice in the franchise industry, where franchisors often include initial training for key personnel as part of the franchise fee but require franchisees to cover travel and accommodation costs. This policy helps to ensure that the franchisee's key personnel are properly trained in the Cool Binz system without adding a significant upfront cost for the training program itself.