Is the Cool Binz Transfer Fee refundable?

According to the 2025 Cool Binz Franchise Disclosure Document, the Transfer Fee is non-refundable. Specifically, the Transfer Fee is due upon Cool Binz's preparation of the required transfer documentation, such as the consent to transfer and assignment agreement or the preparation of the transferee's franchise agreement. Once these documents are prepared, the Transfer Fee becomes non-refundable.

This means that if a Cool Binz franchisee decides to sell their franchise to a new owner, they will be required to pay a Transfer Fee to Cool Binz. This fee covers Cool Binz's costs associated with preparing the necessary legal documents and processing the transfer. However, once Cool Binz begins this preparation, the fee is non-refundable, regardless of whether the transfer is ultimately completed.

Prospective Cool Binz franchisees should be aware of this non-refundable Transfer Fee and factor it into their financial planning if they anticipate selling their franchise in the future. It is important to understand the conditions under which the fee is charged and the implications of its non-refundable nature. Franchisees should also inquire about the current amount of the Transfer Fee, as it is subject to change as published in the Cool Binz Operations Manual.