What is the Container Assembly and Set-Up Fee for a Cool Binz franchise?
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 location.
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- This includes operational and accounting software and computer equipment as described in Item 11.
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- The costs will vary depending on your area, and whether you own or rent your premises. If you own the premises, you will not pay rent. You must operate your COOL BINZ Business from an industrial park or commercial space.
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 required to operate the Cool Binz business. This fee is payable to Cool Binz before opening the franchise.
The initial investment table outlines the Container Assembly and Set-Up Fee, along with other expenses, providing a range of $5,000 to $5,000. This indicates that the fee is a fixed cost. The table also specifies that the payment method is a lump sum due before opening the business, and the payment is to be made directly to Cool Binz.
Prospective franchisees should factor this $5,000 fee into their initial investment calculations. It is important to note that this fee is in addition to other initial costs such as the initial franchise fee, truck and equipment costs, transportation, and computer equipment and software. Understanding the specific inclusions of this fee, such as the scope of assembly and set-up services provided, is crucial for budgeting and planning the launch of the Cool Binz franchise.