Source: FranopolisCOOL BINZ
What It Costs
SourcesYour location, business format and operating plan can change the total.
Where Your Startup Money Goes
| Cost | Disclosed Amount | Source |
|---|---|---|
| Grand Opening Advertising | $5,000 to $7,500 | 2026 FDD · PDF Page 25 Grand Opening Advertising $5,000 $7,500 |
| Additional Funds - 3 Months | $25,000 to $35,000 | 2026 FDD · PDF Page 25 Additional Funds - 3 Months 12 $25,000 $35,000 |
| Computer Equipment and Software | $3,000 to $5,000 | 2026 FDD · PDF Page 24 Computer Equipment and Software 5 $3,000 $5,000 |
| Insurance Deposits and Premiums | $10,200 to $17,850 | 2026 FDD · PDF Page 24 Insurance Deposits and Premiums 8 $10,200 $17,850 |
| Pre-Opening Travel Expense to Training | $1,000 to $3,000 | 2026 FDD · PDF Page 25 Pre-Opening Travel Expense to Training 9 $1,000 $3,000 |
| Initial Promotional Package | $8,000 | 2026 FDD · PDF Page 25 Initial Promotional Package 11 $8,000 $8,000 |
| Business Permits and Licenses | $250 to $1,000 | 2026 FDD · PDF Page 25 Business Permits and Licenses $250 $1,000 |
| Truck and Mule | $230,360 | 2026 FDD · PDF Page 24 Truck and Mule 2 $230,360 $230,360 |
| Office and Small Equipment Supplies | $750 to $1,500 | 2026 FDD · PDF Page 25 Office and Small Equipment Supplies $750 $1,500 |
| Initial Franchise Fee | $59,900 to $69,900 | 2026 FDD · PDF Page 24 Initial Franchise Fee 1 $59,900 $69,900 |
| Transportation | $35,000 to $100,000 | 2026 FDD · PDF Page 24 Transportation 4 $35,000 $100,000 |
| Rent | $0 to $22,500 | 2026 FDD · PDF Page 24 Rent 6 $0 $22,500 |
| Initial Containers | $500,955 to $573,555 | 2026 FDD · PDF Page 24 Initial Containers 2 $500,955 $573,555 |
| TOTAL ESTIMATED INITIAL INVESTMENT | $889,180 to $1,109,015 | 2026 FDD · PDF Page 25 TOTAL ESTIMATED INITIAL INVESTMENT 12 $889,180 $1,109,015 |
| Storage Protectors Insurance | $15 to $600 | 2026 FDD · PDF Page 24 Storage Protectors Insurance 8 $15 $600 |
| Professional Fees | $2,250 to $5,750 | 2026 FDD · PDF Page 25 Professional Fees 10 $2,250 $5,750 |
| Leasehold Improvements | $0 to $20,000 | 2026 FDD · PDF Page 24 Leasehold Improvements 7 $0 $20,000 |
| Container Assembly and Set-Up | $7,500 | 2026 FDD · PDF Page 24 Container Assembly and Set-Up 3 $7,500 $7,500 |
Line items are shown as disclosed. Some costs overlap or apply to different formats; do not add them together without reviewing the source.
SourcesKey Franchise Fees
- Initial Franchise Fee
View Disclosed Terms
Upon signing of the Franchise Agreement, you must pay an initial franchise fee of $59,900 (the “Initial Franchise Fee”). For a Territory with populations greater than 450,000 people, the Initial Franchise Fee will equal the Initial Franchise Fee above, plus $0.20 for each person over 450,000 (the “Additional Fee”). For example, the Initial Franchise Fee for a Territory with a population of 500,000 will be computed as follows: $59,900 + (50,000 x .20) = $69,900
2026 FDD · PDF Page 14 · Item 5
Review Fee Sources- Royalty
View Disclosed Terms
9% of Gross Sales or the Minimum Royalty which is 9% of the applicable Minimum Monthly Gross Sales Requirement, whichever is higher. If Gross Sales exceed $500,000, then the Royalty rate is 8% of Gross Sales for the remainder for the calendar year, plus the entire following calendar year.
2026 FDD · PDF Page 17 · Item 6
Review Fee Sources
Fees And Payment Terms
| Fee | Disclosed Terms | Source |
|---|---|---|
| Audit/Survey Fee | Cost of inspection or audit estimated at $2,500 to $6,000, plus 100% of Royalty on understated Gross Sales and interest, at the rate of 18% per annum or the maximum rate permitted by applicable law, whichever is greater, and all late fees | 2026 FDD · PDF Page 21 |
| Convention Non-Attendance Fee | Our then current fee, which is presently $1,000 | 2026 FDD · PDF Page 20 |
| Technology Fee | Our then-current fee, which is presently $350 per month | 2026 FDD · PDF Page 17 |
| Late Payment Fee | $50, or 5% per week, whichever is greater | 2026 FDD · PDF Page 20 |
| Initial Franchise Fee | Upon signing of the Franchise Agreement, you must pay an initial franchise fee of $59,900 (the “Initial Franchise Fee”). For a Territory with populations greater than 450,000 people, the Initial Franchise Fee will equal the Initial Franchise Fee above, plus $0.20 for each person over 450,000 (the “Additional Fee”). For example, the Initial Franchise Fee for a Territory with a population of 500,000 will be computed as follows: $59,900 + (50,000 x .20) = $69,900 | 2026 FDD · PDF Page 14 |
| Initial Promotional Package Fee | You must also obtain an initial promotional package (“Initial Promotional Package”) that will cost $8,000 (the “Initial Promotional Package Fee”). | 2026 FDD · PDF Page 15 |
| Collection Fee | Our then-current fee, which is presently up to 35% of gross amounts collected on your behalf. | 2026 FDD · PDF Page 20 |
| Non-Sufficient Funds | Our then current fee, which is presently $50 per NSF | 2026 FDD · PDF Page 20 |
| Initial Equipment Fee | Upon signing of the Franchise Agreement, you must also pay a fee ranging from $500,955 to $573,555 (“Initial Equipment Fee”) to us for the purchase of the initial inventory of bins needed for the operation of the COOL BINZ Business | 2026 FDD · PDF Page 15 |
| Transfer Fee | Our then current fee, per Territory; presently, this is $9,900 if transferred to a new franchisee, or $3,000 if transferred to a current franchisee, subject to state law. | 2026 FDD · PDF Page 18 |
| Additional Training or Hosting Fee | $250 per person, per day, of any training conducted at our headquarters, or our then-current fee, plus all travel, lodging, and meal expenses. | 2026 FDD · PDF Page 18 |
| Renewal Fee | 10% of the then-current Initial Franchise Fee | 2026 FDD · PDF Page 19 |
| Administrative Fee | Our then-current fee, which is presently $500 per transaction. | 2026 FDD · PDF Page 20 |
| Late Report Fee | $50 per day that a report is late. | 2026 FDD · PDF Page 19 |
| Management Fee | Our then-current fee, which is presently up to 10% of Gross Sales | 2026 FDD · PDF Page 20 |
| Testing, New Product or New Supplier Approval | Cost of review and testing with a minimum fee of $500 plus costs which is refunded if approved for use by the Franchisor for entire System. | 2026 FDD · PDF Page 22 |
| 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 | 2026 FDD · PDF Page 22 |
| Non-Compliance Fee | Our then-current fee, which is presently up to $10,000 for each incident of Out-of-Territory Conduct, or $5,000 per instance for other non-compliant acts or omissions. | 2026 FDD · PDF Page 21 |
| Convention, Regional Meetings and/or Additional Training | The registration fee for this event will not exceed $1,000 per person to attend | 2026 FDD · PDF Page 18 |
| Interest Fee | 18% per annum or the maximum permitted by law | 2026 FDD · PDF Page 21 |
| Software Fee | Our then-current fee, which is $250 per month per location | 2026 FDD · PDF Page 17 |
| Brand Marketing Fee | 2% of Gross Sales | 2026 FDD · PDF Page 17 |
| Container Assembly and Set-Up Fee | Prior to opening your COOL BINZ Business, you must also pay a fee of $7,500 for two days of initial assembly and set-up of the Equipment needed for the operation of the COOL BINZ Business | 2026 FDD · PDF Page 15 |
| Broker Fee - Resale | there will also be a broker fee, which currently is approximately 10% of the sale price, or $30,000, whichever is higher. | 2026 FDD · PDF Page 19 |
| Royalty | 9% of Gross Sales or the Minimum Royalty which is 9% of the applicable Minimum Monthly Gross Sales Requirement, whichever is higher. If Gross Sales exceed $500,000, then the Royalty rate is 8% of Gross Sales for the remainder for the calendar year, plus the entire following calendar year. | 2026 FDD · PDF Page 17 |
Some fees apply only to a specific event or service. These are not all monthly expenses.
SourcesSee how the disclosed startup costs fit your cash, reserves, and financing plans.
Your Role As An Owner
SourcesThe Designated Manager is not required to have an ownership interest in the COOL BINZ Business.
2026 FDD · PDF Page 50 · Item 15 · View Source
Read Source Excerpts
Source NotesThe Designated Manager is not required to have an ownership interest in the COOL BINZ Business.
Territory
SourcesThe franchise does not come with an exclusive territory. Other franchisees, company-owned businesses and franchisor-controlled sales channels may compete in your area.
2026 FDD · PDF Page 42 · Item 12 · View Source
Read The Disclosed Requirements
Your “Territory” will consist of specific zip-code(s) that have been awarded to you.
2026 FDD · PDF Page 42 · Item 12 · View Source
If the COOL BINZ Business fails to achieve the required Minimum Gross Sales Requirement and/or fails to achieve the minimum number of Portable Equipment containers during any consecutive three-month period, the franchisor reserves the right to terminate the Franchise Agreement.
2026 FDD · PDF Page 46 · Item 12 · View Source
Read Source Excerpts
You will not receive an exclusive Territory. You may face competition from other franchisees, from outlets that we own, or from other channels of distribution or competitive brands that we control.
Your “Territory” will consist of specific zip-code(s) that have been awarded to you.
Source NotesIf the COOL BINZ Business fails to achieve the required Minimum Gross Sales Requirement and/or fails to achieve the minimum number of Portable Equipment containers during any consecutive three-month period, we reserve the right to terminate the Franchise Agreement.
A disclosed territory policy does not confirm that your preferred area is available. Ask the franchisor about the specific area you are considering.
Training & Support
SourcesThe estimated typical length of time between the signing of the Franchise Agreement, and the opening of the COOL BINZ Business, is approximately 180 days.
2026 FDD · PDF Page 35 · Item 11 · View Source
Read The Disclosed Requirements
You are also required to use the franchisor’s then-current designated accounting software, which is currently QuickBooks Online.
2026 FDD · PDF Page 37 · Item 11 · View Source
Read Source Excerpts
The estimated typical length of time between the signing of the Franchise Agreement, and the opening of the COOL BINZ Business, is approximately 180 days.
Source NotesYou are also required to use our then-current designated accounting software, which is currently QuickBooks Online.
Franchisor Financing
SourcesThe franchisor does not offer financing for the purchase of the truck.
2026 FDD · PDF Page 32 · Item 10 · View Source
Read The Disclosed Requirements
The franchisor may offer you financing for a portion of the Initial Franchise Fee, Initial Equipment Package, and the Initial Promotional Package if you meet the franchisor’s qualifications.
2026 FDD · PDF Page 32 · Item 10 · View Source
Read Source Excerpts
We do not offer financing for the purchase of the truck.
Source NotesWe may offer you financing for a portion of the Initial Franchise Fee, Initial Equipment Package, and the Initial Promotional Package if you meet our qualifications.
The Franchise Network
SourcesReported At Year-End 2023
| Year | Franchised At Year-End | Company-Owned At Year-End | Source |
|---|---|---|---|
| 2023 | 0 | 3 | 2026 FDD · PDF Page 58 · Item 20 |
These are reported outlet counts, not available territories or a measure of profitability. A dash means a count is not available in this record.
Review The Source Figures
Inside The FDD
SourcesPlain-language summaries of the available FDD information. Each summary links to its source, with original excerpts available to review.
Sources
The Franopolis report provides the source research. FDD page references identify the supplied excerpts when available.
02The Leadership Team
The leadership team listed in the FDD includes Rusty Amarante (Chief Operations Officer and President of BELFOR Franchise Group, LLC), Abigail Baker (Senior Vice President of Marketing), Michael J. Reddy (Chief Development Officer of BELFOR Franchise Group, LLC) and Melanie Parker (Senior Vice President of Legal and Franchise Administration).
2026 FDD · PDF Pages 13, 14 · Item 2 · View Source
Read Source Excerpts
Chief Operations Officer and President of BELFOR Franchise Group, LLC: Rusty Amarante
Senior Vice President of Marketing: Abigail Baker
Chief Development Officer of BELFOR Franchise Group, LLC: Michael J. Reddy
Source NotesSenior Vice President of Legal and Franchise Administration: Melanie Parker
03Disclosed Legal Proceedings
This FDD reports no litigation that requires disclosure under Item 3.
2026 FDD · PDF Page 14 · Item 3 · View Source
Read Source Excerpts
Source NotesNo litigation is required to be disclosed in this Item.
07Estimated Startup Investment
The FDD estimates a total startup investment of $889,180 to $1,109,015. Review the listed costs and any conditions before setting your own startup budget.
2026 FDD · PDF Page 25 · Item 7 · View Source
Read Source Excerpts
Source NotesTOTAL ESTIMATED INITIAL INVESTMENT 12 $889,180 $1,109,015
08Suppliers And Required Purchases
You are required to use the franchisor’s approved vendor, Storage Protectors, as the supplier of contents insurance purchased by customers.
2026 FDD · PDF Page 30 · Item 8 · View Source
The franchisor is the only supplier of the Initial Equipment Package, the Initial Promotional Package, and the Container Assembly and Set Up.
2026 FDD · PDF Page 27 · Item 8 · View Source
Read Source Excerpts
You are required to use our approved vendor, Storage Protectors, as the supplier of contents insurance purchased by customers.
Source NotesWe are the only supplier of the Initial Equipment Package, the Initial Promotional Package, and the Container Assembly and Set Up.
10Financing Offered By The Franchisor
The franchisor does not offer financing for the purchase of the truck.
2026 FDD · PDF Page 32 · Item 10 · View Source
The franchisor may offer you financing for a portion of the Initial Franchise Fee, Initial Equipment Package, and the Initial Promotional Package if you meet the franchisor’s qualifications.
2026 FDD · PDF Page 32 · Item 10 · View Source
Read Source Excerpts
We do not offer financing for the purchase of the truck.
Source NotesWe may offer you financing for a portion of the Initial Franchise Fee, Initial Equipment Package, and the Initial Promotional Package if you meet our qualifications.
11Support, Training And Advertising
The estimated typical length of time between the signing of the Franchise Agreement, and the opening of the COOL BINZ Business, is approximately 180 days.
2026 FDD · PDF Page 35 · Item 11 · View Source
You are also required to use the franchisor’s then-current designated accounting software, which is currently QuickBooks Online.
2026 FDD · PDF Page 37 · Item 11 · View Source
Read Source Excerpts
The estimated typical length of time between the signing of the Franchise Agreement, and the opening of the COOL BINZ Business, is approximately 180 days.
Source NotesYou are also required to use our then-current designated accounting software, which is currently QuickBooks Online.
12Territory
The franchise does not come with an exclusive territory. Other franchisees, company-owned businesses and franchisor-controlled sales channels may compete in your area.
2026 FDD · PDF Page 42 · Item 12 · View Source
Your “Territory” will consist of specific zip-code(s) that have been awarded to you.
2026 FDD · PDF Page 42 · Item 12 · View Source
If the COOL BINZ Business fails to achieve the required Minimum Gross Sales Requirement and/or fails to achieve the minimum number of Portable Equipment containers during any consecutive three-month period, the franchisor reserves the right to terminate the Franchise Agreement.
2026 FDD · PDF Page 46 · Item 12 · View Source
Read Source Excerpts
You will not receive an exclusive Territory. You may face competition from other franchisees, from outlets that we own, or from other channels of distribution or competitive brands that we control.
Your “Territory” will consist of specific zip-code(s) that have been awarded to you.
Source NotesIf the COOL BINZ Business fails to achieve the required Minimum Gross Sales Requirement and/or fails to achieve the minimum number of Portable Equipment containers during any consecutive three-month period, we reserve the right to terminate the Franchise Agreement.
15Owner Participation
The Designated Manager is not required to have an ownership interest in the COOL BINZ Business.
2026 FDD · PDF Page 50 · Item 15 · View Source
Read Source Excerpts
Source NotesThe Designated Manager is not required to have an ownership interest in the COOL BINZ Business.
16Products And Services You Can Sell
You may not provide unauthorized products of services for sale through your COOL BINZ Business.
2026 FDD · PDF Page 51 · Item 16 · View Source
Read Source Excerpts
Source NotesYou may not provide unauthorized products of services for sale through your COOL BINZ Business.
18Public Figures
The franchisor says it does not use public figures to promote this franchise.
2026 FDD · PDF Page 56 · Item 18 · View Source
Read Source Excerpts
Source NotesWe do not use any public figures to promote our franchise.
20Franchise Locations
At the end of 2023, the FDD reports 0 franchised locations and 3 company-owned locations. These are reported locations, not a count of territories available to buy.
2026 FDD · PDF Page 58 · Item 20 · View Source
Read Source Excerpts
Find The Right Business For The Life You Want.
You don’t have to compare every brand on your own. A franchise consultant can help narrow your options and work through what ownership would ask of you.
Bring your questions about this brand, your priorities and the kind of business you want to run.
Your Role
Understand the hours, sales and people responsibilities behind the ownership model.
Your Shortlist
Spend less time sorting through brands and more time on options worth exploring.
Your Market
Check territory options with franchisors and identify the next questions to ask.
Keep Exploring
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