For Cool Binz, what was the highest average rental rate observed in 2024?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
y the available number of months.
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- The "Average Rental Rate" was calculated from each Bins' average rental rate in 2024. The highest average rental rate was $1,899.00 and the lowest average rental rate was $150.00. The median is $414.00. Each "rental" is typically for a month time period but may vary.
**Some outlets have earned this much. Your individual results may differ. There is no
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 58–60)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, the highest average rental rate observed in 2024 was $1,899.00. The average rental rate was calculated from each bin's average rental rate during 2024. The lowest average rental rate was $150.00, with a median of $414.00. Each rental typically covers a one-month period, although this can vary.
This information is valuable for prospective Cool Binz franchisees as it provides insight into the potential range of rental rates they might expect to charge. Understanding the high, low, and median average rental rates can help franchisees develop their own pricing strategies and financial projections. It's important to note that franchisees are permitted to establish their own pricing, but the provided rates can serve as a guideline.
However, it is crucial for potential franchisees to recognize that these figures are based on the performance of a single affiliated-owned location. The FDD explicitly states, "Some outlets have earned this much. Your individual results may differ. There is no assurance that you'll earn as much." This highlights the inherent risk and variability in franchise performance, which can be influenced by factors such as location, market conditions, and management skills. Therefore, while the data offers a benchmark, it should not be interpreted as a guarantee of future financial success.
Prospective franchisees should conduct thorough due diligence, including market research and a review of their own financial capabilities, to determine the feasibility of a Cool Binz franchise in their specific area. They should also consider requesting written substantiation for the financial performance representation from Cool Binz to gain a deeper understanding of the data and its underlying assumptions.