What is the Container Assembly and Set-Up Fee for a Cool Binz business?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
ESTMENT
| Type of Expenditure | Low | High | Method of Payment | When Due | To Whom Payment Is To Be Made |
|---|---|---|---|---|---|
| Initial Franchise | $59,900 | $59,900 | Lump | At Signing of Franchise Agreement | Us |
| Fee 1 | Sum | ||||
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 27–31)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, the Container Assembly and Set-Up Fee is $5,000. This fee covers up to two days for the initial assembly and set-up of the equipment needed to operate the Cool Binz business. The fee is paid as a lump sum before opening the franchise and is payable directly to Cool Binz.
This fee is part of the estimated initial investment required to start a Cool Binz franchise. The initial investment ranges from $734,845 to $1,270,500, which includes other costs such as the initial franchise fee, truck and equipment purchase, transportation, computer equipment, rent, insurance, and initial promotional package. The Container Assembly and Set-Up Fee is a relatively small portion of the total initial investment, but it is a necessary expense to ensure the proper setup of the equipment.
Prospective franchisees should note that this fee is non-refundable. It is important to factor this cost into the overall financial planning for the franchise. Additionally, franchisees should confirm with Cool Binz what specific equipment and services are included in the container assembly and set-up to ensure they understand the scope of the service provided for the $5,000 fee.
Understanding all the initial costs, including the Container Assembly and Set-Up Fee, is crucial for potential Cool Binz franchisees to accurately assess the financial requirements and potential profitability of the franchise.