For a Cool Binz franchise in Washington, what is the maximum potential increase in a $500 fee in year 2?
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)
Based on the 2025 Cool Binz Franchise Disclosure Document, there is a Container Assembly and Set-Up Fee of $5,000 that franchisees must pay prior to opening their Cool Binz business. The document does not specify if this fee can increase in year 2 or any subsequent year.
While the FDD mentions several other fees, such as the Initial Franchise Fee, Royalty, NORA Fee, Administrative Fee, Collection Fee, Technology Fee, Software Fee, Transfer Fee, Broker Fee – Resale, Renewal Term Fee, Late Report Fee, Late Payment Fee, Management Fee, Non-Sufficient Funds (NSF) Fee, and Convention Non-Attendance Fee, it does not provide details on potential increases to the Container Assembly and Set-Up Fee.
For a prospective Cool Binz franchisee, it is important to clarify with the franchisor whether the Container Assembly and Set-Up Fee is subject to change and if so, under what conditions and by how much it could increase in the future. Understanding the potential for fee increases is crucial for accurate financial planning and assessing the overall cost of operating the franchise.