Is the Cool Binz Container Assembly and Set-Up Fee refundable?
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 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, the Container Assembly and Set-Up Fee is non-refundable. Prior to opening a Cool Binz business, a franchisee must pay $5,000 for two days of initial assembly and set-up of the equipment.
Cool Binz considers this $5,000 fee fully earned upon payment. This means that regardless of whether the franchisee's business opens or how long it operates, the franchisee will not receive a refund of this fee under any circumstances.
Franchise fees are often non-refundable in the franchise industry, as they cover the franchisor's costs in setting up the franchisee. Prospective Cool Binz franchisees should factor this non-refundable fee into their initial investment calculations and understand the implications before signing the franchise agreement.