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.

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Timestamps:

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

Connect with Cliff and Justin:

🌐 Website - https://franocity.com/

📷 Instagram -   /franocity

👍 Facebook -   /franocity

💼 LinkedIn -  /cliffnonnenmacher

💼 LinkedIn -   /justinguevara

* Consult with Cliff and Justin @ Franocity

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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.