For what years are the Cool Binz consolidated financial statements provided?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
I have received a Franchise Disclosure Document dated March 28, 2025that included the following Exhibits:
- A Form of Agreements
- A-1 Franchise Agreement and Addenda
- A-2 Confidentiality / Non-Disclosure
Agreement
A-3 - General Release(s) – Upon Renewal or
Assignment B – Financial Statements
- C State Administrators/ Agents for Service of Process
- D State Addenda to the Disclosure Document
E – List of Franchisees
F – List of Former Franchisees
G – 1 – Franchise Organizations
G – 2 – Independent Franchisee Associations
H – Disclosure Acknowledgement Questionnaire
I – Operations Manual Table of Contents
J - State Effective Dates Page
K - Receipts
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, Exhibit B contains the company's financial statements. However, the excerpt does not specify the exact years for which Cool Binz's consolidated financial statements are provided.
A prospective franchisee should carefully review Exhibit B of the FDD to determine the specific years covered by the financial statements. This is crucial for assessing the financial stability and performance of Cool Binz over time.
To gain a comprehensive understanding, a potential franchisee should ask Cool Binz's franchisor directly for clarification on the years included in the financial statements. Understanding the historical financial performance of the company is essential for making an informed investment decision.