COOL-BINZ

COOL-BINZ stands as an innovative leader in the $10 billion portable storage industry, introducing climate-controlled storage bins that safeguard possessions from environmental damage. Positioned as a recession-resistant business with unparalleled quality, COOL-BINZ offers essential solutions for homeowners and businesses facing relocation, remodeling, or unexpected disasters.

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COOL-BINZ Franchise Cost and Requirements for 2024

Background

COOL-BINZ is set to become a trusted name in the $10 billion portable storage industry by delivering innovative climate-controlled storage bins that protect items from moisture, heat, mold, pests, and other damage often caused by exposure to daily weather, regional climate characteristics, and seasonal changes. As a first-to-market concept, COOL-BINZ is ready to provide top-of-the-line solutions for the portable storage needs of homeowners and businesses across the United States.

The need for climate-controlled storage bins is constant, making this a recession resistant business. Homeowners and business owners relocating or remodeling is a common occurrence across the U.S., and it's important that they have a reliable solution to store their items during the process. Additionally, properties are regularly impacted by unexpected disasters like burst pipes, property fires, or weather-related events that increase the need for climate-controlled storage options designed to keep their belongings protected if restoration services are required.

Our innovative, fully insulated portable climate-controlled storage bins are a first-to-market, top-quality product that easily plugs into a 110v outlet to keep the system running. The majority of portable storage containers on the market are not climate-controlled, and no other national brand in the portable storage space offers climate-controlled bins.COOL-BINZ has also developed a unique delivery system that is capable of maneuvering the bins into tight spaces, allowing more options for bin placement.

The business structure of COOL-BINZ follows an asset-heavy and labor-light model that increases long-term profit and growth potential for new and existing franchisees. We have large territories available in prime markets across the United States, making scalability dependent on how many units an owner can rent out at any given time.

Company Details

Established: 2017
First Unit Franchised: 2023
Franchised Units: 0
Company Owned Units: 3
States Registered In: Alabama - AL, Alaska - AK, Arizona - AZ, Arkansas - AR, Colorado - CO, Delaware - DE, Florida - FL, Georgia - GA, Idaho - ID, Iowa - IA, Kansas - KS, Louisiana - LA, Massachusetts - MA, Michigan - MI, Mississippi - MS, Missouri - MO, Montana - MT, Nebraska - NE, Nevada - NV, New Hampshire - NH, New Jersey - NJ, New Mexico - NM, North Carolina - NC, Ohio - OH, Oklahoma - OK, Oregon - OR, Pennsylvania - PA, Rhode Island - RI, South Carolina - SC, South Dakota - SD, Tennessee - TN, Texas - TX, Utah - UT, Vermont - VT, West Virginia - WV, Wisconsin - WI, Wyoming - WY
Canada Franchises: No
International Franchises: No

Support and Training Offered By COOL-BINZ

Financial Assistance Provided: Third Party, SBA relationships

Site Selection Assistance: No

Lease Negotiation Assistance: No

Recruiting Assistance: No

Cooperative Advertising: No

Training:

Initial Training takes place at a location in Naples, Florida, BFG headquarters in Ann Arbor, MI, or another location designated by us. It may be attended by you and the Managing Owner or, if applicable, the Designated Manager, at no additional fee. The Managing Owner or, if applicable, the Designated Manager must complete the Initial Training to our satisfaction. Initial Training will last up to four (4) days in duration and must be completed within six(6) months of signing the franchise agreement. Although we do not charge a fee for attending training, you will be responsible for all travel and living expenses that you and your employees/owners incur. Additional persons employed by you may attend on a space available basis, contingent upon our receipt of our training fee to offset the expenses we incur. All attendees who are not a party to the Franchise Agreement must sign our prescribed form of confidentiality and non-disclosure agreement (Exhibit A-2 of the Franchise Disclosure Document). Training consists of 17 hours of classroom training, and 18 hours of Hands on Field Training. After you return from Initial Training, you are ready to open for business.

Cost for Training: Training for 2 people is included in your franchise fee, $250/day/person after that Lodging and airfare included: No


Ongoing Training: Post training, a COOL-BINZ business coach will support your growth and success activities. There is additional online support and training for new staff through the BUS (Belfor University System). Continuous marketing support is provided for both online and on-the-ground activities.


2024 Franchise Requirements Needed to Own a COOL-BINZ Franchise.

What does a COOL-BINZ Franchise Cost?

COOL-BINZ franchise fees for 2024:

Cash Investment: $250,000-$250,000
Total Investment: $709,156 to $1,179,500
Minimum Net Worth: $1,000,000
Franchise Fee: $59,900
Royalty: 9%
Ad: 2%
Item 19: Yes
Average Number of Employees: 3
Visa Candidates: No
Passive Ownership: Yes
Home-Based: No
B2B: Yes
Master Franchise Opportunities: No
Veteran Discount: Yes

Is COOL-BINZ a Semi Absentee Franchise with a Passive Ownership Opportunity?

Yes. COOL-BINZ is a semi absentee franchise and allows passive ownership. A semi-absentee franchise is a business you could start and run while still maintaining a job or other obligation.

Is COOL-BINZ a Home Based franchise?

No. COOL-BINZ is not a home based franchise opportunity.

What Do COOL-BINZ Franchise Owners Make?

Click here to find out how much COOL-BINZ franchisees make. COOL-BINZ offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.

Is COOL-BINZ a Master Franchise Opportunity?

No. COOL-BINZ is not a master franchise opportunity.

Does COOL-BINZ Offer a Veteran Discount?

Yes. COOL-BINZ franchise does offer a veteran discount.

Does COOL-BINZ Work with E2 Visa and EB-5 Visa Candidates?

No. COOL-BINZ franchise does not work with E2 Visa and EB-5 Visa candidates.

Is COOL-BINZ Looking for Franchisees in Canada?

No. COOL-BINZ franchise is not looking for Canada franchisees.

Is COOL-BINZ Looking for International franchisees?

No. COOL-BINZ franchise is not looking for International franchisees.

Where can I see COOL-BINZ's FDD (Franchise Disclosure Document)?

Buying a Franchise Guide: What is a Franchise Disclosure Document?

When evaluating a franchise opportunity, reading and understanding the current version of their FDD is a necessity. Considering the benefits of franchising, such as established brand recognition and support from the franchisor, it's important to also take into account franchise fees and franchising royalty fees. Since most franchisors are privately owned companies, the current versions of their FDDs are typically not available unless requested directly from them.

Click here to connect with a Franchise Consultant who can help you obtain a copy quickly and for free. They can also guide you through the essential franchise questions to ask, ensuring you make a well-informed decision about your investment.

Additional Information

Additional Categories

Building & Storage, Business Opportunities, Home Services, Non Food Franchises

Number of Units Open

LESS THAN 20 UNITS

Cash Required

More than $250,000

Master Franchise

No

Passive Franchise

Yes

Home Based Franchise

No

Item 19 Franchise

Yes

Veteran Discount

No

B2B

Yes

Franchise Opportunities in Canada

No

International Franchise Opportunities

No

E2 Visa Franchise

No

COOL-BINZ Franchises for Sale

Click Here to inquire about existing COOL-BINZ franchises for sale. We may have COOL-BINZ franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises. We do not represent all franchises listed here. By clicking on "Request a Consultation," you are agreeing to be contacted by one of our Certified Franchise Consultants to discuss franchise ownership.

About our rankings: The IFPG uses its internal data collected from our membership portal to identify which franchises had the most activity in the past week. This ranking system is not based on franchise sales, franchisee success rates or number of units open. Our ranking system should not be used to make a decision on which franchise to buy it was solely created for internal purposes and for our IFPG Members.