Is a Cool Binz franchisee permitted to establish their own pricing for bin rentals?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
The below chart contains historical rental information from January 1, 2024 to December 31, 2024 (the "Measurement Period"), achieved by our affiliated-owned location, which has been in operation for more than 12 months, and was the only unit open during the entirety of the Measurement Period. We have also included a list of rates charged by our affiliate-owned location during the Measurement Period for bin rental. The Standard Rates below are charged per month. You will be permitted to establish your own pricing, but may use these rates as a guideline. This information is unaudited.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 58–60)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, franchisees are permitted to establish their own pricing for bin rentals. While franchisees have the freedom to set their own rates, the FDD suggests using the rates charged by the affiliate-owned location as a guideline.
The document includes historical rental information from January 1, 2024, to December 31, 2024, from the affiliate-owned location. This location was the only unit open during that period. The average rental rate was $502.80. The highest average rental rate was $1,899.00, and the lowest average rental rate was $150.00, with a median of $414.00. The average rental period is typically one month but may vary.
This flexibility in pricing allows Cool Binz franchisees to adapt to local market conditions and competitive pressures. However, it also places the responsibility on the franchisee to conduct market research and determine optimal pricing strategies. While the provided rates can serve as a starting point, franchisees should consider factors such as local demand, competitor pricing, and operating costs when setting their rental rates.
Prospective franchisees should carefully analyze the provided financial performance data and consider how their own pricing decisions may impact their potential earnings. It is important to remember that individual results may vary, and there is no guarantee that a franchisee will achieve the same level of financial performance as the affiliate-owned location.