When are Renovation, Refurbishing, and Remodeling Fees due for a Cool Binz franchise?

According to Cool Binz's 2025 Franchise Disclosure Document, Renovation, Refurbishing, and Remodeling Fees are due 'When incurred.' This means a Cool Binz franchisee will be required to pay these fees at the time they undertake any renovation, refurbishing, or remodeling of their leased premises, truck, truck wrap, and equipment.

The FDD specifies that Cool Binz may require franchisees to replace, renew, refurbish, or remodel their leased premises, truck, truck wrap, and equipment to meet the company's current System Standards and condition requirements at any time during the term of the agreement. These actions are to be done at the franchisee's expense, and Cool Binz retains sole discretion over these requirements.

It is important to note that the FDD states there are no financial limits on this obligation, meaning the franchisee could face significant and unpredictable costs for renovations, refurbishing, and remodeling during the term of the franchise agreement. Franchisees must also maintain all trucks in good working condition at all times, adding to the potential ongoing costs. This differs from some franchise systems that may have a set schedule or cap on renovation costs, so prospective Cool Binz franchisees should carefully consider this open-ended financial obligation.