Who is responsible for the expense if Cool Binz requires a franchisee to purchase/lease a new truck or remodel/refurbish existing trucks to meet current System Standards?

According to Cool Binz's 2025 Franchise Disclosure Document, franchisees are responsible for the expenses associated with purchasing/leasing a new truck or remodeling/refurbishing existing trucks to meet the System Standards. Cool Binz may require franchisees to update their trucks at any time during the term of the agreement.

This means that if Cool Binz updates its System Standards to require a different type of truck or modifications to existing trucks, franchisees will have to bear the cost of these changes. This could involve significant capital expenditures, depending on the nature of the required changes. Franchisees should factor in these potential costs when evaluating the Cool Binz franchise opportunity.

It is important for prospective franchisees to understand the frequency and potential cost of these required updates. They should inquire about the typical lifespan of a Cool Binz truck and how often Cool Binz has historically updated its System Standards related to trucks. This information can help franchisees better anticipate and plan for these expenses.