What is the range of the Initial Package fee for a Cool Binz franchise, excluding sales tax?
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 of $7,500, plus sales tax, or supplies needed to begin operation of the business including logo wear, stationery, the Kickstart digital marketing program, consumables, other promotional items, and the Convention Allowance, (the "Initial Promotional Package").
The fees due for the Initial Package and the Initial Promotional Package are collectively referred to as the "Initial Package Fee" herein. The Initial Package Fee is due and payable before receipt of the Initial Package and the Initial Promotional Package. The Initial Package and the Initial Promotion Package items will be shipped to you F.O.B. from certain locations which may include West Bloomfield, MI, Exton, PA, Mount Clemons, MI, or another location at our discretion. The Initial Package Fee is non-refundable and deemed fully earned upon payment.
You are required to purchase or lease a vehicle that meets our standards and specifications to be used to provide the Services to Customers. We hold the rights to change the approved vehicle and standards at any time. We also reserve the right to require you
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 ranges from $579,995 to $979,000, excluding sales tax. This fee covers the initial truck, mule, bins, and equipment required to start operating the Cool Binz business. In addition to the Initial Package, franchisees must also pay a $7,500 fee for the Initial Promotional Package, which includes supplies like logo wear, stationery, a Kickstart digital marketing program, consumables, other promotional items, and a Convention Allowance.
The Initial Package Fee and the Initial Promotional Package Fee are collectively referred to as the "Initial Package Fee". Both the Initial Package Fee and the Initial Promotional Package Fee are due before the franchisee receives the items included in the packages. These items will be shipped from locations such as West Bloomfield, MI, Exton, PA, Mount Clemons, MI, or another location at Cool Binz's discretion.
It is important to note that the Initial Package Fee is non-refundable and is considered fully earned upon payment. Franchisees are also required to purchase or lease a vehicle that meets Cool Binz's standards and specifications to provide services to customers. Cool Binz retains the right to modify the approved vehicle and standards at any time and may require franchisees to purchase or lease vehicles from an approved supplier.