factual

Are there currently any approved suppliers for Cool Binz in which any of the officers own an interest?

Cool_Binz Franchise · 2025 FDD

Answer from 2025 FDD Document

There are currently no approved suppliers in which any of our officers owns an interest at this time.

Source: Item 8 — RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES (FDD pages 31–34)

What This Means (2025 FDD)

According to the 2025 Cool Binz Franchise Disclosure Document, currently, there are no approved suppliers in which any of Cool Binz's officers hold an ownership interest. This means that franchisees are not obligated to purchase supplies or services from any entity where Cool Binz's officers would directly benefit financially through their ownership.

However, Cool Binz does require franchisees to purchase the Initial Package, Initial Promotional Package, and Container Assembly and Set Up directly from them, retaining the right to derive revenue from these required purchases. Cool Binz also retains the right to designate approved suppliers for these materials in the future. This gives Cool Binz the option to establish relationships with suppliers in which its officers may have an interest at a later date.

It is important for prospective franchisees to understand that while there are no such relationships currently, the franchise agreement allows Cool Binz to create them in the future. This could potentially impact the cost and availability of supplies and services for franchisees. Therefore, it is advisable to inquire about Cool Binz's long-term plans regarding supplier relationships and whether there are any anticipated changes in the future.

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.