What is the Cool Binz initial franchise fee?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
ESTMENT
| 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 | S |
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 is $59,900. This fee is paid in a lump sum when signing the Franchise Agreement.
Cool Binz offers financing for up to 50% of the Initial Franchise Fee, along with portions of the Initial Equipment Package and Initial Promotional Package, subject to qualification. The interest rate is 9%, with a repayment period of up to 36 months, requiring at least a 50% down payment. This financing option can significantly lower the upfront capital required from the franchisee.
It is important to note that the initial franchise fee is generally non-refundable. This is a common practice in franchising, as the fee covers the franchisor's initial costs in setting up the franchisee, including training and support. Prospective franchisees should factor this into their financial planning and ensure they are comfortable with the investment before signing the agreement.