What is the estimated cost of the computer system for a Cool Binz franchise?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
t our discretion.
We shall have the right to specify or require that certain brands, types, makes, and/or models of communications, computer systems, and hardware be used by you, including without limitation: (i) a compatible "back office" computer system that complies with our standards and specifications; (ii) a custom and proprietary point of sale system (the "POS System"), if we make
such a POS System part of our proprietary operating system in the future; (iii) printers and other peripheral hardware or devices; (iv) archival back-up systems; (v) Internet access mode and speed; and (vi) physical, electronic, and other security systems (collectively, the "Computer System"). Currently, your Computer System must include a DSL or cable modem high-speed Internet connection located at your Office Site, and a computer that meets the requirements of the System Standards and for handling of our then-current COOL BINZ Software or other Required Software. We estimate the cost of the computer system to be between $3,000 and $5,000. Computer specifications for hardware and Internet connectivity are provided in Sections 2.H and 2.I of the Fr
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 36–45)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, the estimated cost of the computer system is between $3,000 and $5,000. The computer system must include a DSL or cable modem high-speed internet connection located at the office site, and a computer that meets the requirements of the System Standards and for handling of Cool Binz software or other required software.
Cool Binz has the right to specify certain brands, types, makes, and models of communication, computer systems, and hardware. This includes a compatible back-office computer system, a custom and proprietary point of sale system (POS), printers and other peripheral hardware devices, archival back-up systems, internet access mode and speed, and physical, electronic, and other security systems.
During the franchise term, franchisees must maintain the necessary computer hardware to implement the Cool Binz software and any required software, complying with all specifications and standards. Cool Binz reserves the right to create additional proprietary software programs that franchisees must use in connection with the business. As technology advances, franchisees may be required to upgrade their hardware to meet changing software requirements at their own expense. While Cool Binz does not currently charge for software updates, they may require franchisees to update or upgrade their computer system at any time during the franchise agreement.