What is included in the initial fee for Cool Binz?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Expenditure | Low | High | Method of Payment | When Due | To Whom Payment Is To Be Made |
|---|---|---|---|---|---|
| Initial Franchise | $59,900 | $59,900 | Lump | At Signing of Franchise Agreement | Us |
| Fee 1 | Sum |
As stated in Item 5, the Initial Fee must be paid to us for the initial purchase of the truck (with vehicle wrap), mule, and equipment for the operation of the COOL BINZ Business.
As also stated in Item 5, you must pay to us the Container Assembly and Set-Up Fee $5,000 for up to two days for the initial assembly and set-up of the Equipment needed for the operation of the COOL BINZ Business.
You must purchase from our Approved Supplier an Initial Promotional Package consisting of logo wear, stationery, digital marketing, consumables, and promotional items.
We will finance up to fifty percent (50%) of the Initial Franchise Fee, Initial Equipment Package (excluding the trucks), and the Initial Promotional Package if you meet our qualifications at a nine percent (9%) interest rate and for a period of up to thirty-six (36) months. We require at least fifty percent (50%) down payment of the stated fees. The estimated loan payment will vary based upon how much you choose to finance and the length of the repayment schedule. See Item 10 for additional details.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 27–31)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, the initial franchise fee ranges from $59,900 to $59,900. The FDD also specifies what the initial fee covers. Item 5 states that the initial fee covers the initial purchase of the truck (with vehicle wrap), mule, and equipment for the operation of the Cool Binz business.
In addition to the initial franchise fee, the FDD outlines other initial fees that a franchisee can expect to pay. These include a Container Assembly and Set-Up Fee of $5,000 for up to two days for the initial assembly and set-up of the Equipment needed for the operation of the Cool Binz Business. There is also an Initial Promotional Package that costs $7,500.
Cool Binz will finance up to fifty percent of the Initial Franchise Fee, Initial Equipment Package (excluding the trucks), and the Initial Promotional Package if a franchisee meets their qualifications at a nine percent interest rate for a period of up to thirty-six months. Cool Binz requires at least fifty percent down payment of the stated fees. The estimated loan payment will vary based upon how much you choose to finance and the length of the repayment schedule.
Prospective franchisees should carefully consider these initial fees and what they cover, as well as the financing options available, to accurately assess the financial investment required to start a Cool Binz franchise.