When is the Cool Binz Initial Package Fee due?
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 also pay a Container Assembly and Set-Up Fee of $5,000 before opening their Cool Binz business. This fee covers two days of initial assembly and set-up of the equipment required to operate the business.
It is important to note that this Container Assembly and Set-Up Fee is considered fully earned by Cool Binz upon payment. This means that once the franchisee pays the $5,000, it is non-refundable under any circumstances, regardless of whether the business opens or the franchisee later decides not to proceed.
Prospective Cool Binz franchisees should factor this non-refundable fee into their initial investment calculations and be certain of their decision before making the payment. Understanding the terms and conditions of all fees is crucial before signing the franchise agreement.