Under what conditions will Cool Binz repurchase the storage container bins?

According to the 2025 Cool Binz Franchise Disclosure Document, Cool Binz will repurchase the storage container bins, referred to as "Bins," under specific conditions. The repurchase is tied to a table (not provided in the excerpt) that determines the repurchase price based on the time elapsed since the original purchase. The percentages shown assume reasonable wear and tear and regular maintenance.

However, the repurchase price is subject to adjustments. If any components of the original bins are missing, or if there is damage or excessive wear and tear beyond what is considered reasonable, Cool Binz reserves the right to reduce the repurchase price accordingly. This means that the actual amount a franchisee receives when Cool Binz repurchases the bins can vary depending on the condition of the bins at the time of repurchase.

This policy has important implications for Cool Binz franchisees. It incentivizes franchisees to maintain their bins in good condition through regular maintenance and care. Failure to do so could result in a lower repurchase price when the franchise agreement terminates or is not renewed. The absence of the actual repurchase table in the provided excerpt makes it difficult to assess the exact depreciation schedule and potential financial impact on the franchisee. A prospective franchisee should request this table from Cool Binz to fully understand the repurchase terms.