What was the total number of Cool Binz outlets at the end of 2024?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 20: OUTLETS AND FRANCHISEE INFORMATION]
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2022 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | |
| 2024 | 0 | 3 | +3 | |
| Company Owned | 2022 | 1 | 1 | 0 |
| 2023 | 1 | 3 | +2 | |
| 2024 | 3 | 3 | 0 | |
| Totals | 2022 | 1 | 1 | 0 |
| 2023 | 1 | 3 | +2 | |
| 2024 | 3 | 6 | +3 |
[Item 20: OUTLETS AND FRANCHISEE INFORMATION]
| State | Year | Outlets at Start of Year | Outlets Opened | Term inations | Non Renewals | Reacquired by Franchisor | Ceased Operati ons - Other Reasons | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| Georgia | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2024 | 0 | 3 | 0 | 0 | 0 | 0 | 3 | |
| Totals | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2024 | 0 | 3 | 0 | 0 | 0 | 0 | 3 |
[Item 20: OUTLETS AND FRANCHISEE INFORMATION]
| State | Year | Outlets at Start of Year | Outlets Opened | Outlets Reacquired from Franchisees | Outlets Closed | Outlets Sold to Franchisees | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|
| Florida* | 2022 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2024 | 1 | 0 | 0 | 0 | 0 | 1 | |
| Michigan | 2022 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 2 | 0 | 0 | 0 | 2 | |
| 2024 | 2 | 0 | 0 | 0 | 0 | 2 | |
| Totals | 2022 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 2 | 0 | 0 | 0 | 3 | |
| 2024 | 3 | 0 | 0 | 0 | 0 | 3 |
[Item 20: OUTLETS AND FRANCHISEE INFORMATION]
Exhibit E to this Disclosure Document includes the names, addresses and telephone numbers of all franchise owners as of December 31, 2024. Exhibit F includes the name, city and state, and the current business telephone number (or if unknown, the last known home telephone number) of every franchisee who had an outlet terminated, cancelled, not renewed or otherwise voluntarily or involuntarily ceased to do business under the Franchise Agreement between January 1, 2024 and December 31, 2024, or who has not communicated with us within ten weeks of the issuance date of this Disclosure Document. If you buy this franchise, your contact information may be disclosed to other buyers when you leave the franchise system.
During the last three fiscal years, there have been no agreements with franchisees that include provisions restricting their ability to speak openly about their experience with us.
Exhibit G-1 lists, to the extent known, the names, addresses, telephone numbers, email addresses and web addresses of each trademark-specific franchisee organization associated with the franchise system that we have created, sponsored or endorsed. Exhibit G-2 lists the independent franchisee organizations that have asked to be included in this Disclosure Document. As of the date of this issuance, there are no organizations that have asked to be included in this Disclosure Document.
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 60–62)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, the total number of outlets at the end of 2024 was 6. This total is comprised of both franchised and company-owned outlets. Specifically, there were 3 franchised outlets and 3 company-owned outlets in operation at the close of 2024.
When evaluating a franchise, it is essential for prospective franchisees to understand the composition of the franchise system. The ratio of franchised to company-owned stores can provide insights into the franchisor's business model and priorities. A higher number of company-owned stores might indicate that the franchisor prefers direct control and receives a larger portion of their revenue from retail sales rather than franchise fees and royalties. Conversely, a system dominated by franchised outlets may suggest a focus on expansion through franchising, relying on franchisees' investments and operational expertise.
Furthermore, the FDD provides a state-by-state breakdown of outlet activity. In 2024, Georgia saw the opening of 3 franchised Cool Binz outlets, while Florida had 1 company-owned outlet. Michigan had 2 company-owned outlets. This geographic distribution can be useful for prospective franchisees to assess market saturation and growth potential in their target areas. Examining the historical data on outlet openings, closures, and transfers can also offer valuable insights into the stability and performance of the franchise system in different regions.
In addition to the number of outlets, the FDD includes information about franchise agreements and franchisee relationships. For instance, Exhibit E lists the names, addresses, and telephone numbers of all franchise owners as of December 31, 2024. Exhibits F, G-1, and G-2 provide details on terminated franchisees, franchisee organizations, and independent franchisee organizations, respectively. Reviewing these exhibits can help potential franchisees assess the level of support and communication within the Cool Binz franchise system and understand the experiences of current and former franchisees.