Will Cool Binz evaluate the location of my commercial space?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
hs' rent. We will not evaluate the location of your commercial space. Your rent may be subject to escalation clauses based on inflation or other factors as provided in your lease. The annual rent amount may vary significantly depending on the area of the country, condition, location and size of the location and the demand for the location among prospective tenants. The rent could exceed the estimated amounts in major metropolitan markets. Your initial investment will be much greater if you purchase real estate and construct your premises and we do not have any estimate of those costs.
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- We require that you build your facility to our specific requirements and specifications, which will be more fully described in the System Standards. Currently, we
require the following, which is subject to change in our discretion: (a) the lot must be a minimum of one half to one acre paved or hard surface (stone or gravel) lot with access to electric and water, with a minimum office space of 500 square feet, or a COOL BINZ office bin, and one COOL BINZ storage pod for supplies; (b) must include signage that meets our specifications and in accordance with local laws, rules and regulations; and (c) must have a 24-hour security system and fencing. These estimates include estimates for the above listed items, contractor and sub-contractor expenses, and an architect you may engage, if you choose to. The amount of leasehold improvements required will depend on the condition of the location you select. If the location that you choose already meets our requirements, then you will not be required to expend additional funds, which is why the low estimate in this Item is $0.
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- You must procure, maintain and provide from our approved vendors, liability and other insurance policies for your trucks and your COOL BINZ Business as described in the Franchise Agreement.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 27–31)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, Cool Binz will not evaluate the location of your commercial space. However, Cool Binz requires that you operate your Cool Binz Business from an industrial park or commercial space.
Cool Binz requires that you build your facility to their specific requirements and specifications, which will be more fully described in the System Standards. The facility must be a minimum of one half to one acre paved or hard surface (stone or gravel) lot with access to electric and water, with a minimum office space of 500 square feet, or a Cool Binz office bin, and one Cool Binz storage pod for supplies. The facility must also include signage that meets Cool Binz's specifications and in accordance with local laws, rules, and regulations, and must have a 24-hour security system and fencing.
The FDD indicates that the amount of leasehold improvements required will depend on the condition of the location you select. If the location that you choose already meets Cool Binz's requirements, then you will not be required to expend additional funds. The estimated initial investment for rent is between $0 and $22,500, and leasehold improvements range from $0 to $20,000. These costs are to be paid as incurred before opening to the landlord and third-party providers, respectively.