What specific items might Cool Binz require a franchisee to replace, renew, refurbish, or remodel?

Question

Accepted Answer

| Name of Fee (Note 1) | Amount | Due Date | Remarks (Note 1) |
|---|---|---|---|
| Indemnification | Actual costs, will vary under circumstances | As incurred | You must reimburse us if we are held liable for claims directly or indirectly arising out of your COOL BINZ Business’s operation. Your obligation to indemnify us will survive the termination or expiration of your Franchise Agreement. |
| Costs and | Actual costs, will vary | As incurred | See Note 7. |
| Attorneys’ Fees | under circumstances |  |  |
| NORA Fee | None currently assessed; if we manage accounts through a national or regional accounts program you will pay up to 5% of Gross Sales | As incurred | See Note 8, and Section 1F of Franchise Agreement |
| Approval of Alternative Suppliers | Actual costs | As incurred | If you ask us to evaluate alternative suppliers of required purchases, you must reimburse us regardless of whether subsequently approve your request. |
| Month in Operation | Min. Monthly Gross Sales Requirement |  |  |
| 0-12 | none |  |  |
| 13-24 | $9,750 |  |  |
| 25-36 | $10,500 |  |  |
| 37-48 | $12,600 |  |  |
| 48> | $15,375 |  |  |
| Name of Fee (Note | Amount | Due Date | Remarks |
| 1) |  |  | (Note 1) |
| Broker Fee - Resale | If you authorize us to enlist a third-party broker to locate the transferee, there will also be a broker fee, which currently is approximately 10% of the sale price, or \$30,000, whichever is higher. | Due upon closing of the sale of the COOL BINZ Business | Payable only if the third party broker located the transferee. Payable to and imposed and collected by us if a broker fee was paid by us to the third party. Payable to and imposed and collected by the broker if we do not pay a broker fee to the third party. This fee is imposed by the third party broker and thus may be increased periodically by the broker. |
| Renewal Term Fee | Our then-current fee, which is presently, 10% of the then-current Initial Franchise Fee | At the time you sign a Franchise Agreement for a renewal term | You will sign our then current Franchise Agreement for the renewal term, which may include materially different terms, including the Royalty rate and/or Territory. We may increase this fee by up to 10% each year of the Term. |
| Renovation, Refurbishing, and Remodeling Fees | Actual Costs | When incurred | We may require you to replace, renew, refurbish, or remodel your leased premises, truck, truck wrap, and equipment to meet our current System Standards and condition requirements at any time during the Term, in our sole discretion, and at your expense. You must maintain all trucks in good working condition at all times. There are no financial limits on this obligation |

Source: Item 6 — OTHER FEES (FDD pages 19–27)

What specific items might Cool Binz require a franchisee to replace, renew, refurbish, or remodel?

Answer from 2025 FDD Document

What This Means (2025 FDD)

Name of Fee (Note 1)	Amount	Due Date	Remarks (Note 1)
Indemnification	Actual costs, will vary under circumstances	As incurred	You must reimburse us if we are held liable for claims directly or indirectly arising out of your COOL BINZ Business’s operation. Your obligation to indemnify us will survive the termination or expiration of your Franchise Agreement.
Costs and	Actual costs, will vary	As incurred	See Note 7.
Attorneys’ Fees	under circumstances
NORA Fee	None currently assessed; if we manage accounts through a national or regional accounts program you will pay up to 5% of Gross Sales	As incurred	See Note 8, and Section 1F of Franchise Agreement
Approval of Alternative Suppliers	Actual costs	As incurred	If you ask us to evaluate alternative suppliers of required purchases, you must reimburse us regardless of whether subsequently approve your request.
Month in Operation	Min. Monthly Gross Sales Requirement
0-12	none
13-24	$9,750
25-36	$10,500
37-48	$12,600
48>	$15,375
Name of Fee (Note	Amount	Due Date	Remarks
1)			(Note 1)
Broker Fee - Resale	If you authorize us to enlist a third-party broker to locate the transferee, there will also be a broker fee, which currently is approximately 10% of the sale price, or $30,000, whichever is higher.	Due upon closing of the sale of the COOL BINZ Business	Payable only if the third party broker located the transferee. Payable to and imposed and collected by us if a broker fee was paid by us to the third party. Payable to and imposed and collected by the broker if we do not pay a broker fee to the third party. This fee is imposed by the third party broker and thus may be increased periodically by the broker.
Renewal Term Fee	Our then-current fee, which is presently, 10% of the then-current Initial Franchise Fee	At the time you sign a Franchise Agreement for a renewal term	You will sign our then current Franchise Agreement for the renewal term, which may include materially different terms, including the Royalty rate and/or Territory. We may increase this fee by up to 10% each year of the Term.
Renovation, Refurbishing, and Remodeling Fees	Actual Costs	When incurred	We may require you to replace, renew, refurbish, or remodel your leased premises, truck, truck wrap, and equipment to meet our current System Standards and condition requirements at any time during the Term, in our sole discretion, and at your expense. You must maintain all trucks in good working condition at all times. There are no financial limits on this obligation