What does the Cool Binz Initial Package fee cover?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
Fee*
Prior to opening your COOL BINZ Business, you must also pay a fee of $5,000 for two days of initial assembly and set-up of the Equipment needed for the operation of the COOL BINZ Business (the "Container Assembly and Set-Up Fee"). The Container Assembly and Set-Up Fee is deemed fully earned upon payment and non-refundable under any circumsta
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, franchisees must pay a $5,000 Container Assembly and Set-Up Fee prior to opening their business. This fee covers two days of initial assembly and set-up of the equipment required to operate the Cool Binz business.
This fee is considered fully earned by Cool Binz upon payment and is non-refundable under any circumstances. This means that even if the franchisee does not proceed with opening the business, they will not receive a refund of this $5,000 fee.
Prospective franchisees should factor this non-refundable fee into their initial investment calculations and be certain of their commitment before paying it. It is also important to understand exactly what equipment assembly and set-up is included in these two days to ensure adequate support during the launch phase.