If I list my Cool Binz business with a broker, who pays the commissions?

According to Cool Binz's 2025 Franchise Disclosure Document, if you decide to sell your Cool Binz franchise and use a broker or lead referral network to facilitate the sale, you are responsible for paying all commissions, broker fees, or similar expenses. This applies whether you directly list the Cool Binz business with a broker or if the buyer is referred to you or Cool Binz by a broker or similar entity.

This means that as a Cool Binz franchisee, you need to factor in these potential costs when planning to sell your franchise. Brokerage fees can vary, so it's important to research and negotiate terms with any broker you consider hiring. These costs will reduce the net proceeds you receive from the sale of your Cool Binz business.

In the event you were awarded your Cool Binz Business as a result of your purchase of all or substantially all of the assets of the COOL BINZ Business owned by a previous franchisee in the Territory, you must pay us any and all outstanding broker fees, whether incurred by you or by your predecessor franchisee if they are not timely paid by your predecessor, or negotiated in your purchase agreement.

This is a fairly standard practice in franchising, as the seller typically bears the responsibility for their own transaction costs. However, it's crucial to understand this obligation upfront to avoid surprises during the transfer process.