Bio-One is a restoration services business specializing in the removal of bio-medical waste, hoarding remediation, and cleaning services. The franchise provides professional services for residential and commercial properties, including medical waste removal and disinfecting.
Key Insights
- Bio-One was established with a vision to provide specialized and compassionate cleaning services for traumatic incidents, unattended deaths, and biohazard situations, growing from its foundational principles to offer a comprehensive solution for a sensitive need.
- The business operates through a network of trained professionals equipped to handle challenging environments, ensuring discretion, safety, and thorough remediation across a spectrum of biohazardous scenarios, serving both residential and commercial clients.
- The franchise is part of a growing industry focused on public health and safety, addressing the increasing demand for specialized services that restore properties and provide peace of mind after distressing events.
Franchise Fee and Costs to Open
Exploring the financial picture of Bio-One gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $132,145 - $217,595, along with a franchise fee of $60,000 - $60,000.
Financial Performance and Revenue
Yearly gross sales of $374,392 and estimated earnings of $44,928 - $56,159 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 4.5-6.5 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Bio-One provides comprehensive initial training. This program typically spans two weeks and takes place at their corporate headquarters. Bio-One also offers extensive operational resources and ongoing support. Franchisees receive access to marketing materials and operational manuals. The franchisor recommends leveraging these resources for successful business development.
Legal Considerations
Legal considerations for a Bio-One franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
A franchisee may encounter varied local market competition from established restoration companies. Operational complexity can arise in managing specialized equipment and trained personnel for biohazard remediation. Reliance on specific suppliers for cleaning agents and disposal services presents another consideration, potentially impacting service delivery timelines or costs. Building a consistent client base requires dedicated marketing and relationship development within the community.
Franchise Datasheet
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