What is the latest point at which the Container Assembly and Set-Up fee must be paid to Cool Binz?
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 | Sum | ||||
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 Container Assembly and Set-Up fee of $5,000 is due before opening. This fee covers up to two days for the initial assembly and setup of the equipment needed to operate the Cool Binz business.
Prospective franchisees should factor this pre-opening expense into their initial investment calculations. Ensuring timely payment is crucial, as it is required before the business can commence operations. This fee is paid directly to Cool Binz.
It is important to note that this fee is separate from other pre-opening expenses such as the initial franchise fee, truck and equipment costs, transportation, and rent. Franchisees should carefully review Item 7 of the FDD to understand all the costs associated with starting a Cool Binz franchise.