factual

Since what date has Cool Binz International, LLC offered franchises?

Cool_Binz Franchise · 2025 FDD

Answer from 2025 FDD Document

We were formed on September 29, 2022, as a Michigan Limited Liability Company, and have offered franchises for this business since March 31, 2023. Our affiliate, COOL BINZ North America, LLC, operates one (1) business of the type that will be operated by franchisees, and has done so since October 10, 2022. We do not operate any COOL BINZ Businesses.

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, Cool Binz International, LLC has been offering franchises since March 31, 2023. Prior to offering franchises, the company was formed as a Michigan Limited Liability Company on September 29, 2022. It is important to note that Cool Binz International, LLC itself does not operate any Cool Binz businesses. However, its affiliate, Cool Binz North America, LLC, has been operating a similar business since October 10, 2022.

For a prospective franchisee, this information provides a timeline of Cool Binz's entry into the franchise market. The relatively recent start date for franchise offerings suggests that Cool Binz is a newer franchise system. While the franchisor itself does not operate any units, the affiliate's operation of a similar business since October 10, 2022, could provide some operational experience to draw upon.

It is also relevant that Cool Binz's predecessor, Cool-Binz, LLC, owned and operated a similar business since 2017, which was then acquired by Cool Binz North America, LLC in 2022. However, Cool-Binz, LLC never offered franchises. This history indicates that while the current franchise offering is new, the underlying business model has been in operation for a longer period under different entities.

A potential franchisee should further investigate the performance and operational details of the affiliate-operated business to gain a better understanding of the Cool Binz business model. Additionally, understanding the reasons behind the change in ownership and the transition from Cool-Binz, LLC, to Cool Binz North America, LLC, could provide valuable insights into the evolution of the business and its franchise strategy.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.