When did RedBox+ International, LLC, an affiliate of Cool Binz, begin offering franchises?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
| Company | State/Type of Entity | Date of Formation | Number of Outlets | Franchise Offering |
|---|---|---|---|---|
| HOODZ International, LLC (“HOODZ”) | Delaware LLC | Oct. 3, 2008 | 131 | Performing commercial kitchen exhaust system cleaning, inspection, maintenance and restoration services, offering fr |
Source: Item 1 — THE FRANCHISOR, AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 11–15)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, RedBox+ International, LLC, an affiliate, started offering franchises on July 28, 2021. This information is part of a larger table detailing various franchise companies owned by Cool Binz's parent company, BELFOR Franchise Group. The table provides key details about these affiliate companies, including their formation date, number of outlets, and the specific services they offer.
For a prospective Cool Binz franchisee, this indicates that Cool Binz is part of a larger franchise network with established systems and experience. The success and operational history of RedBox+ could provide valuable insights and potentially shared resources or best practices that might benefit a new Cool Binz franchisee. It also demonstrates the parent company's commitment to franchising across different service sectors.
However, it's important to note that the performance of RedBox+ or any other affiliate is not necessarily indicative of how a Cool Binz franchise will perform. Market conditions, brand recognition, and the specific services offered by Cool Binz can all influence the success of the franchise. A potential franchisee should conduct thorough due diligence to understand the Cool Binz business model and market potential.
Prospective franchisees should also investigate the relationship between Cool Binz and its affiliates, including any shared services, support systems, or potential conflicts of interest. Understanding the broader network and the role of each affiliate can provide a more comprehensive view of the Cool Binz franchise opportunity.