What was the median average rental rate for Cool Binz in 2024?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
y the available number of months.
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- The "Average Rental Rate" was calculated from each Bins' average rental rate in 2024. The highest average rental rate was $1,899.00 and the lowest average rental rate was $150.00. The median is $414.00. Each "rental" is typically for a month time period but may vary.
**Some outlets have earned this much. Your individual results may differ. There is no
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 58–60)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, the median average rental rate in 2024 was $414.00. The average rental rate was calculated from each bin's average rental rate in 2024. The highest average rental rate was $1,899.00, while the lowest was $150.00. Each rental is typically for a month, but this can vary.
It is important to note that these figures represent averages across all Cool Binz locations. The FDD explicitly states, "Some outlets have earned this much. Your individual results may differ. There is no assurance that you'll earn as much." This highlights the variability in potential earnings and the risk that a new franchisee's performance may not match these averages.
Prospective franchisees should consider these figures as benchmarks and conduct thorough due diligence to understand the factors that influence rental rates and occupancy in their specific market. Factors such as location, competition, and local demand for storage solutions can significantly impact a franchisee's financial performance. Cool Binz also provides written substantiation for the financial performance representation, which is available to prospective franchisees upon reasonable request.