What is the required lot size range for a Cool Binz business site?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
Before you open your COOL BINZ Business, we will:
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- Designate the Territory for a COOL BINZ Business (Section 1.D and the Summary Page of the Franchise Agreement). We do not provide any assistance with (a) selecting a business site or negotiation of any lease or purchase of any site, (b) conforming the site to local ordinances and codes and obtaining any required permits, or (c) hiring and training employees (other than the required training discussed in Section 3.A of the Franchise Agreement). Your business site must be located within the Territory and must contain at least 500 square feet and a minimum lot size of 0.5 to 1.0 acre, and must adhere to our standards and specifications, which includes demographics, size, local traffic, whether there are complementary businesses or competitors in the area, and similar characteristics. Your COOL BINZ Business site must be approved by us, in our sole discretion, which we will not unreasonably withhold provided that the site meets our minimum specifications. (Section 1.D of the Franchise Agreement). We will use commercially reasonable efforts to approve a suggested site in 30 days. Failure to find a site and commence operation of the COOL BINZ Business within eight (8) months of signing the Franchise Agreement may result in termination of the Franchise Agreement (Section 12.B of the Franchise Agreement). We do not generally (a) own the premises from which franchisees operate the COOL BINZ Business or (b) lease any premises to franchisees to operate the COOL BINZ Business.
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, a franchisee's business site must be located within the designated territory and contain at least 500 square feet. The minimum lot size must range from 0.5 to 1.0 acre. The site must also adhere to Cool Binz's standards and specifications, including demographics, size, local traffic, and the presence of complementary businesses or competitors in the area. Cool Binz must approve the site, and will not unreasonably withhold approval if the site meets their minimum specifications.
Cool Binz does not assist with selecting a business site or negotiating any lease or purchase of any site. They also do not assist with conforming the site to local ordinances and codes, obtaining required permits, or hiring and training employees (other than the required training).
A prospective Cool Binz franchisee should consider the time it may take to find a suitable site. Failure to find a site and commence operation of the Cool Binz Business within eight months of signing the Franchise Agreement may result in termination of the Franchise Agreement.