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As incurred

Bio-One

Table of Content
1. Franchise Snapshot
2. Franchise Overview
3. Performance and Metrics
4. Our take
5. Additional Resources

1. Franchise Snapshot

Why this franchise?
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Franchise Status
Active
Basic Information
Industry
Home & Building Services
Category
Commercial Cleaning
Investment Range
$132,145 - $217,595
Total US Locations
137
Franchise Units
137
Founding Year
2010
Started Offering Franchises
2010
Management Capacity
Owner Operator
Job Count
5
Prior E2 Investors?
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Prior Visa Franchise Clients?
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Royalty Fee
8%
Marketing Fee
2%
Franchise Fee
$60,000
Headquarters (City, State)
Greenwood Village, CO
Square Footage
N/A - N/A
Retail Location?
No
Agreement Term Length
10 Years
Video

In these videos you will learn about the company firsthand. And they will also tell you in a short form about the financing of the enterprise.

2. Franchise Overview

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Overview

Engaging in crime scene cleaning is a field where one can actively contribute to improving the lives of others. At Bio-One, the guiding principle is "Help First, Business Second." The company seizes the opportunity to assist people during their most challenging times, taking pride in making a meaningful impact. Participating in this work is akin to being a daily hero. Bio-One not only meets but sets the industry benchmark for crime scene cleanup. The company has played a crucial role in addressing some of the most distressing events in U.S. history. In moments of tragedy, Bio-One is called upon due to its comprehensive knowledge and expertise, as a reputable company committed to handling all situations with utmost care.

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Management team / founders

Danessa Itaya serves as the Brand President of Bio-One, leveraging a wealth of 30 years of experience in the franchise industry. Within this tenure, she has accumulated a decade of both national and international leadership experience. Notably, Entrepreneur Magazine has consistently recognized Bio-One's excellence by featuring it in the prestigious Franchise 500 ranking for four consecutive years, spanning from 2018 to 2021.

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Focus of owner for daily business operations

As a Bio-One operator, the main facets of the business entail: 1. Manage day-to-day bookings; 2. Interacting with clients and being the face of the company; 3. Hiring and managing staff; 4. Marketing and advertising locally; 5. Making sure safety standards and protocols are being met

3. Performance & Metrics

Franchisor Fees | Item 6
Franchise Value
Industry Median
All Franchises Median
Royalty Fee
8%
6%
6%
Marketing Fee
Franchise Fee
$60,000
Total Investment Cost | Item 7
Type of Expenditure
Low Amount
High Amount
When due
Initial Franchise Fee (IFF)
$3,008
$6,142
At signing of Franchise Agreement
QSP Package
$3,008
$6,142
At signing of Franchise Agreement
Technology Startup Fee
$3,008
$6,142
At signing of Franchise Agreement
Technology Startup Fee
$3,008
$6,142
Within 7 days of signing Franchise Agreement
Rent and Rental Improvements
$3,008
$6,142
Before Opening
Furniture, Fixtures, and Equipment
$3,008
$6,142
Before Opening
Computer Hardware, Software, and Other Electronics
$3,008
$6,142
Before Opening
Initial Training Expenses
$3,008
$6,142
Before Opening
OSHA Training Fee
$3,008
$3,008
Before Opening
OSHA Training Expenses
$3,008
$6,142
As incurred
Business Vehicle
$3,008
$6,142
Before Opening
Business Vehicle Tax, Title, and License
$3,008
$6,142
Before Opening
Business Vehicle Insurance
$3,008
$6,142
Before Opening
Certifications
$3,008
$6,142
As incurred
Insurance and Professional Services
$3,008
$6,142
As incurred
Additional Funds - 3 months
$3,008
$6,142
As incurred
Total Estimated Investment
$3,008
$6,142
$3,008
$6,142
Outlets and Franchisee Information | Item 20
Outlet type
Year
Outlets at the start of the year
Outlets at the end of the year
Net change
2022
+8
120
128
Franchised
2023
128
128
+7
2024
128
137
+7
2022
0
0
+7
Company-Owned
2023
0
0
0
2024
0
0
0
2022
120
128
+8
2023
128
130
+2
2024
130
137
+7
Total Outlets
-
-
-
-
-
-
-
-
Net Unit Growth (Recent year)
Net Unit Growth (Recent year)
Franchise Health Metrics
Franchise Value
Growth Rate
1 year / 3 years
Failure Rate
1 year / 3 years
Franchise for Sale Rate
1 year / 3 years
0
0
0
0
0
0
0
0
Franchise Health Metrics
Franchise Historical Loan Metrics
10 Year Cumulative Charge Offs by $ of Loans
2,26%
10 Year Cumulative Defaults
7,55%
3 Year Predicted Default Rate
13,87%
*Please note the information provided here is sourced from Lumos. We do not guarantee its accuracy or completeness. For verification, please refer to Lumos directly.
Item 19 – Financial Performance Representations
Historical financial performance representations
Franchise Financials
Historical financial performance representations
Litigation & Bankruptcies
% of Franchisees Undergoing Litigation
0%
% of Franchisees with Completed Litigation
0,79%
Number of Bankruptcies Disclosed
0%
*The litigation information displayed has been reviewed by our Product Development team. Franchises featured on this platform have been thoroughly assessed. However, Visa Franchise strongly recommends consulting with your own legal counsel for further guidance.

4. Our Take

*The litigation information displayed has been reviewed by our Product Development team. Franchises featured on this platform have been thoroughly assessed. However, Visa Franchise strongly recommends consulting with your own legal counsel for further guidance.