What is the amount of the Container Assembly and Set-Up Fee that a Cool Binz franchisee must pay?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
Fee*
Prior to opening your COOL BINZ Business, you must also pay a fee of $5,000 for two days of initial assembly and set-up of the Equipment needed for the operation of the COOL BINZ Business (the "Container Assembly and Set-Up Fee"). The Container Assembly and Set-Up Fee is deemed fully earned upon payment and non-refundable under any circumsta
Source: Item 5 — INITIAL FEES (FDD pages 17–19)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, franchisees must pay a Container Assembly and Set-Up Fee of $5,000. This fee covers two days of initial assembly and set-up of the equipment necessary to operate the Cool Binz business. This fee is separate from the Initial Franchise Fee and the Initial Equipment Fee.
The Container Assembly and Set-Up Fee is due prior to opening the Cool Binz business. It is considered fully earned by Cool Binz upon payment and is non-refundable under any circumstances. This means that even if the franchisee does not proceed with opening the business after the assembly and set-up, the $5,000 fee will not be returned.
Prospective franchisees should factor this $5,000 fee into their initial investment costs. It is important to note that this fee covers only the initial assembly and set-up. Any subsequent assembly or set-up work that may be required will likely incur additional costs. Franchisees should clarify with Cool Binz what is specifically included in the two days of assembly and set-up and what additional support, if any, is provided beyond those initial two days.