Is the Cool Binz Initial Package Fee refundable?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
tions, at its sole expense.
B. INITIAL PACKAGE FEES/CONTAINER ASSEMBLY AND SET-UP FEE.
You must pay us, or a vendor designated by us in our sole discretion:
(i) A fee ranging from $579,995 to $979,000, plus sales tax, for the initial truck, mule, bins, and equipment needed to begin operation of the business ("Initial Package"); and
(ii) A fee in the amount o
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, the Initial Package Fee, which ranges from $579,995 to $979,000 plus sales tax, is for the initial truck, mule, bins, and equipment needed to begin operation of the business. The document does not explicitly state whether this fee is refundable or non-refundable.
However, the FDD does state that the Container Assembly and Set-Up Fee of $5,000 is non-refundable. It also states that the Initial Franchise Fee is non-refundable. The Transfer Fee is also non-refundable. Additionally, once a Royalty Fee is paid, it is neither refundable nor applied to any future or past fees owed.
Because the FDD does not specify whether the Initial Package Fee is refundable, prospective Cool Binz franchisees should seek clarification from the franchisor regarding the refundability of this fee. Understanding the conditions under which any portion of this substantial investment might be refundable is crucial for making an informed decision.