What is the lowest average rental rate achieved by a Cool Binz bin during the Measurement Period?

According to Cool Binz's 2025 Franchise Disclosure Document, the lowest average rental rate achieved by a Cool Binz bin was $150.00 during the measurement period. The highest average rental rate was $1,899.00, with the median being $414.00. These figures were calculated from each bin's average rental rate in 2024. It is important to note that each rental is typically for a month, but this can vary.

This information is valuable for prospective Cool Binz franchisees as it provides insight into the range of rental rates that have been achieved. Understanding the lowest, highest, and median average rental rates can help franchisees develop realistic financial projections and pricing strategies for their own businesses. However, Cool Binz notes that individual results may differ, and there is no assurance that a franchisee will earn as much as the figures presented.

Prospective franchisees should consider these figures as a guideline and conduct their own market research to determine appropriate rental rates for their specific location. Factors such as local demand, competition, and operating costs can all influence the optimal pricing strategy. Additionally, the FDD emphasizes that written substantiation for the financial performance representation will be made available to prospective franchisees upon reasonable request, which could provide further detail into how these figures were obtained.