What does the Container Assembly and Set-Up Fee for Cool Binz cover?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
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- As also stated in Item 5, you must pay to us the Container Assembly and Set-Up Fee $5,000 for up to two days for the initial assembly and set-up of the Equipment needed for the operation of the COOL BINZ Business.
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- This includes the cost of transmitting the equipment to your
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 covers the initial assembly and setup of the equipment needed to operate the Cool Binz business, for up to two days. This fee is $5,000. The fee also includes the cost of transporting the equipment to the franchisee's location.
Prospective Cool Binz franchisees should note that this is a mandatory fee payable before opening their franchise. It is important to factor this cost into their initial investment calculations. The fee covers a specific service (assembly and setup) and also includes the cost of transporting the equipment, which provides clarity on what the franchisee is paying for.
It is common in franchising for there to be initial setup fees to cover the costs incurred by the franchisor in getting the franchisee's business operational. The Cool Binz FDD clearly outlines what this fee covers, allowing potential franchisees to understand the value they receive for this payment. This fee is nonrefundable.