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This Franchise Is Disrupting An $11 Billion Industry
Description
Episode 54: On this episode of Pursuit of Profit Cliff speaks with Kathy and Ernie Padalino, founders of Cool-Binz. They talk about how they disrupted an $11 billion industry, how a hurricane in 2017 forced them to innovate, create, and patent the first to market climate controlled storage unit, how their idea took off and is being used for more than storage and their recent acquisition by Belfor, the world's largest restoration company.
Press play now!
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Timestamps:
00:00 - Intro
01:18 - how Padalinos created Cool-Binz
04:54 - how they teamed up with Belfor
09:10 - how Cool-Binz is growing
10:50 - how do you create a barrier to competition with patents
14:33 - what people are using these climate controlled spaces
17:43 - revenue streams
20:10 - how has hurricane Helene affected business
23:43 - cost and length of typical rentals
26:36 - what's the cost of entry for a Cool-Binz franchise
37:22 - Item 19
38:28 - what territories are available
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Links:
🌐 Website - Cool-Binz
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Welcome to "Pursuit of Profit," the raw and unfiltered podcast where Cliff & Justin pull no punches to guide aspiring entrepreneurs, business owners, and franchisees on their journey to create wealth, financial abundance, and ultimate personal growth. If you're seeking sugar-coated advice and constant reassurance, this podcast may not be for you. But if you crave unapologetic honesty and a dose of tough love, then you've come to the right place.