Where can I find an explanation of the amount and refundability of the Cool Binz Initial Franchise Fee?

According to Cool Binz's 2025 Franchise Disclosure Document, Item 7 provides an overview of the estimated initial investment required to start a Cool Binz franchise. Specifically, it directs prospective franchisees to Item 5 for a detailed explanation regarding the amount and refundability of the Initial Franchise Fee. Item 7 also indicates that the Initial Franchise Fee ranges from $59,900 to $59,900, payable in a lump sum when signing the Franchise Agreement, and is paid to Cool Binz.

Item 7 further clarifies that Cool Binz may finance up to 50% of the Initial Franchise Fee, along with portions of the Initial Equipment Package and Initial Promotional Package, for qualified candidates. This financing is offered at a 9% interest rate over a period of up to 36 months, requiring a minimum 50% down payment of the stated fees. However, the estimated loan payment will vary based on the amount financed and the repayment schedule selected by the franchisee.

Beyond the Initial Franchise Fee, Item 7 lists other expenses that a new Cool Binz franchisee can expect to incur. These include costs for the truck, equipment, initial containers, container assembly and set-up, transportation, computer equipment and software, rent, leasehold improvements, insurance, travel expenses for training, professional fees, business permits and licenses, office and small equipment supplies, the initial promotional package, grand opening advertising, and additional funds for the first three months of operation. The total estimated initial investment ranges from $734,845 to $1,270,500.