factual

What are the training course or regional meeting attendance requirements for a Cool Binz Managing Owner or Designated General Manager?

Cool_Binz Franchise · 2025 FDD

Answer from 2025 FDD Document

and you will be responsible for the payment of all travel and living expenses incurred by your designees while training.

The Managing Owner or, if applicable, the Designated General Manager, must attend the COOL BINZ convention every year it is offered. If you fail to attend the Convention, without our prior written permission, you must pay the Convention Non-Attendance Fee of $1,000. The Managing Owner or, if applicable, Designated General Manager also must attend periodic refresher training courses and conferences, not to exceed one (1) convention/conference per year, at the times and locations we determine, and for which we may charge fees. We will determine the duration, curriculum, and location of any such sessions. You will be responsible for all travel and living expenses that are incurred by you or your employees/owners while attending such session.

In the event that the Designated General Manager terminates their employment with you, you are required to designate a successor for our written approval, which we will grant in our sole discretion, within ten (10) days of such termination. Such successor Designated General Manager must attend the next available Business Manager and Technical Operations Training. In the event, that the successor Designated General Manager does not successfully complete the next available Business Manager and Technical Operations Training, you may appoint one (1) additional person as the successor Designated General Manager. This second successor Designated General Manager must attend and successfully complete the next available Business Manager and Technical Operations Training. If this second successor Designated General Manager does not successfully complete the next available Business Manager and Technical Operations Training, you will be in default of this Agreement and this Agreement will be subject to termination pursuant to Section 12 of this Agreement. At all times during the term of this Agreement, you must have employed at the COOL BINZ Business a person who has completed the Business Manager and Technical Operations Training program.

If this is a Renewal Term or if this is an additional COOL BINZ Business being awarded to you, and your Managing Owner or, if applicable, the Designated General Manager, have already attended Business Manager and Technical Operations Training, the requirement that you attend the Business Manager and Technical Operations Training is waived, except as described above with respect to the online training modules and continuing training obligations. In such cases, if your Managing Owner or, if applicable, the Designated General Manager do attend Business Manager and Technical Operations Training, you will be assessed our then-current training fee. You will also be responsible for all travel and living expenses that you and your employees/owners incur while training.

B. GENERAL GUIDANCE.

You will have access to information helpful to the operation of the COOL BINZ Business based on reports you submit to us and/or inspections that we make. In addition, we may furnish guidance to you, to the extent we determine necessary in our sole discretion, on the following topics:

    1. new products, services, and methods which we may have discovered or have developed for the System;
    1. the purchase and use of supplies, uniforms, equipment, and products;

Source: Item 23 — RECEIPTS (FDD pages 63–238)

What This Means (2025 FDD)

According to the 2025 Cool Binz Franchise Disclosure Document, the Managing Owner or Designated General Manager must attend the Cool Binz convention every year it is offered. Failure to attend without prior written permission from Cool Binz will result in a $1,000 non-attendance fee. In addition to the annual convention, the Managing Owner or Designated General Manager must attend periodic refresher training courses and conferences, but not more than one convention/conference per year. Cool Binz determines the times and locations for these events and may charge fees for attendance.

Before beginning operations, the Managing Owner or Designated General Manager must complete Cool Binz's Business Manager and Technical Operations Training to the company's satisfaction. Failure to do so can result in the termination of the Franchise Agreement. This training lasts up to four days and is held in Naples, FL, or another location designated by Cool Binz. The franchisee is responsible for all travel and living expenses incurred during this training.

If a Designated General Manager leaves their position, a successor must be appointed within ten days and attend the next available Business Manager and Technical Operations Training. Failure of the successor to complete this training successfully can lead to the appointment of one additional successor, who also must complete the training. If the second successor fails to complete the training, it constitutes a default of the Franchise Agreement and may lead to termination. Cool Binz may waive the Business Manager and Technical Operations Training if the franchisee already operates a Cool Binz business and purchases an additional franchise. However, the Managing Owner will still be required to successfully complete the most recent online training modules essential to the role of ownership.

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.