Does Cool Binz reserve the right to issue new modules for the COOL BINZ Software?

According to Cool Binz's 2025 Franchise Disclosure Document, Cool Binz retains the right to issue new modules for the COOL BINZ Software, which may be separately licensed to franchisees. This means that while franchisees receive a license to use the COOL BINZ Software and its upgrades, Cool Binz maintains control over the software's development and can introduce new features or functionalities as separate, potentially chargeable, modules.

This provision has several implications for prospective Cool Binz franchisees. First, it highlights that the initial franchise fee and ongoing royalty payments may not cover all software-related costs. Franchisees might need to budget for additional expenses if Cool Binz releases new modules that are essential for operating the business effectively. Second, it underscores the importance of staying updated with Cool Binz's technology offerings to remain competitive and compliant with system standards.

Finally, franchisees should inquire about the potential costs and benefits of these new modules, as well as the frequency with which Cool Binz plans to release them. Understanding Cool Binz's long-term software development strategy is crucial for making informed investment decisions and ensuring the profitability of the franchise.