Cool-Binz

Overview

Cool-Binz is a unique and innovative franchise operating within the portable storage industry, which is currently valued at over $10 billion. The franchise offers a first-to-market product: fully insulated, climate-controlled storage bins designed to protect items from heat, moisture, mold, pests, and other environmental threats. Unlike traditional storage options, Cool-Binz's solution allows users to safeguard their belongings from environmental damage, making it an attractive option for both residential and business customers.

History

Cool-Binz was founded as a solution to the limitations of traditional portable storage. The brand is part of the BELFOR Franchise Group, which acquired Cool- Binz in 2022. BELFOR, a leader in residential and commercial services franchising, has a history of developing successful service-based franchises. The acquisition by BELFOR has provided Cool-Binz with the backing and support needed for rapid expansion across the United States.

Investment Breakdown

The total investment required to open a Cool-Binz franchise ranges from approximately $734,845 to $1,244,500. This includes costs associated with acquiring the climate-controlled bins, business setup, and initial marketing efforts. Franchisees are required to have a minimum net worth of $1 million and liquid capital of at least $250,000. Financing options are available through third-party lenders affiliated with BELFOR Franchise Group.

Industry Snapshot

The portable storage industry is in its growth phase, with increasing demand driven by both residential and commercial needs. Homeowners undergoing renovations, relocations, or those affected by natural disasters frequently require reliable storage solutions. Cool-Binz's climate-controlled bins cater to this demand by offering enhanced protection that standard storage options do not provide. As the first of its kind in the market, Cool-Binz is positioned to capture a significant share of the growing industry.