What was the lowest average rental rate for Cool Binz in 2024?

According to Cool Binz's 2025 Franchise Disclosure Document, the lowest average rental rate in 2024 was $150.00. The FDD also states that the highest average rental rate was $1,899.00, with a median of $414.00. These figures were calculated from each bin's average rental rate during 2024. Cool Binz specifies that each rental typically covers a one-month period, although this duration can vary.

For a prospective Cool Binz franchisee, this information provides a range of potential rental income based on the performance of existing bins. Understanding the factors that influence rental rates, such as location, bin size, and demand, will be crucial for setting competitive prices and maximizing revenue. The wide range between the lowest and highest average rates, from $150.00 to $1,899.00, suggests significant variability in market conditions or pricing strategies.

It is important to note that these figures represent averages and individual bin performance may differ. Cool Binz emphasizes that there is no assurance that a new franchisee will achieve the same results. The FDD also encourages prospective franchisees to request written substantiation for the financial performance representation to gain a deeper understanding of how these figures were calculated and what factors contributed to the observed range of rental rates. Franchisees are permitted to establish their own pricing, but may use the rates as a guideline.