Who is responsible for travel and living expenses for the Cool Binz Business Manager and Technical Operations Training?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
aining, in our discretion, if you already operate a COOL BINZ Business and you purchase an additional franchise from us.
Before you begin operating the COOL BINZ Business, we will furnish business manager and technical operations training (the "Business Manager and Technical Operations Training") to the Managing Owner or, if applicable, the Designated General Manager, at no additional fee. The Managing Owner or, if applicable, the Designated General Manager must complete the Business Manager and Technical Operations Training to our satisfaction and failure to do so will result in the termination of this Agreement. The Business Manager and Technical Operations Training may not commence until you have paid all fees due to us and must be completed within six (6) months of the effective date of this agreement.
The Business Manager and Technical Operations Training will last up to four (4) days in duration at Naples, FL or another location designated by us. You will be responsible for all travel and living expenses that you and your employees/owners incur for this Business Manager and Technical Operations Training.
In the event that you own multiple COOL BINZ Businesses and have your Managing Owner already at another COOL BINZ Business who has already completed the Business Manager and Technical Operations Training, the Managing Owner will still be required to successfully complete the most recent online training modules essential to the role of ownership.
You may designate, with our approval and on a "space available" basis, additional persons to attend other sessions of the Business Manager and Technical Operations Training for which you will be charged our then-current Business Manager and Technical Operations Training fee.
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to the 2025 Cool Binz Franchise Disclosure Document, the franchisee is responsible for covering all travel and living expenses incurred by themselves and their employees or owners while attending the Business Manager and Technical Operations Training. This training is a key component of becoming a Cool Binz franchisee, and these costs are in addition to any other fees associated with starting the franchise. The training lasts up to four days and takes place in Naples, FL, or another location designated by Cool Binz.
This means that a prospective Cool Binz franchisee needs to factor in the cost of transportation, accommodation, meals, and other incidental expenses for themselves or their designated manager when budgeting for the initial investment. These costs can vary significantly depending on the distance to the training location and the type of accommodation chosen. It is important to consider these expenses to avoid any unexpected financial strain during the initial phase of setting up the Cool Binz business.
Furthermore, if a franchisee designates additional people to attend the Business Manager and Technical Operations Training, they will also be responsible for the travel and living expenses of these individuals. This could potentially increase the financial burden, so careful consideration should be given to the number of attendees. The franchisee should also be aware that they may be assessed a training fee for these additional attendees. This is a fairly standard practice in franchising, where the franchisee typically bears the costs associated with training and ongoing development.