In this exclusive Franchise Chatter FDD Talk post, you’ll learn the following:
Section I – Estimated initial investment (franchise costs) for a Bio-One franchise, based on Item 7 of the company’s 2024 FDD
Section II – Initial franchise fee, royalty fee, and marketing fee for a Bio-One franchise, based on Items 5 and 6 of the company’s 2024 FDD
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Colin started as a team member at 21 and now owns 6 locations in Tampa Bay. Lisa came from marketing and built 21 in San Diego. The most successful multi-unit owners move early and secure markets with room to grow. Use our free tool to search multiple ZIP codes and find franchises where you can still stack locations, before someone else does. A franchise specialist will be in touch to present what's available.Section III – Number of franchised and company-owned Bio-One outlets at the start of the year and the end of the year for 2021, 2022, and 2023, based on Item 20 of the company’s 2024 FDD
Section IV – News updates on the Bio-One franchise opportunity
Section V – Presentation and analysis of Bio-One’s financial performance representations (average revenues and/or profits), based on Item 19 of the company’s 2024 FDD, including information on the:
- 2023 average, median, high, and low annual revenues, by quartile, for the 109 Bio-One franchisees who have been open for at least 12 months as of December 31, 2023
Section VI – Key ratios, comparables, computations, and analyses for the Bio-One franchise opportunity (exclusive content for Platinum subscribers)
Section I – Bio-One Franchise Costs
- Bio-One franchise costs, based on Item 7 of the company’s 2024 FDD:
- Initial Franchise Fee: $60,000
- QSP Package: $39,500
- Technology Startup Fee: $1,595
- Annual Conference Registration Deposit: $1,000
- Rent and Rental Improvements: $0 to $600
- Furniture, Fixtures, and Equipment: $0 to $2,000
- Computer Hardware, Software, and Other Electronics: $800 to $7,800
- Initial Training Expenses: $1,000 to $2,500
- OSHA Training Fee: $1,500
- OSHA Training Expenses: $1,000 to $2,500
- Business Vehicle: $0 to $30,000
- Business Vehicle Tax, Title, and License: $0 to $1,500
- Business Vehicle Insurance: $150 to $300
- Insurance and Professional Services: $750 to $4,000
- Additional Funds for 3 Months: $9,000 to $15,000
- Total Estimated Bio-One Franchise Costs: $116,295 to $169,795
Section II – Bio-One’s Initial Franchise Fee, Royalty Fee, and Marketing Fee
- Bio-One’s initial franchise fee, royalty fee, and marketing fee, based on Items 5 and 6 of the company’s 2024 FDD:
- Initial Franchise Fee: $60,000
- Royalty: the greater of the applicable Minimum Royalty or 7.5% (Percentage Royalty) of Gross Sales
- Minimum Royalty: the Minimum Royalty will never be less than $750 during the Initial Term of the Franchise Agreement. It will increase from $750 to $1,500 in the 13th month, and increase again from $1,500 to $2,250 from the 25th month through the remainder of the Initial Term of the Franchise Agreement.
- Marketing Fee: the greater of $200 or Bio-One’s then-current fee that now is 2% of the Gross Sales per month
- Local Advertising Fee: the greater of $1,500 or 5% of Gross Sales per month
- Regional Advertising Cooperative Fee: currently $0.00. If a Regional Advertising Program is established, you may be required to contribute a specified part of your Local Advertising Fee to the Regional Advertising Cooperative.
Section III – Number of Franchised and Company-Owned Bio-One Outlets
Franchised
2021
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When I owned a UPS Store, I learned firsthand how much your ZIP code shapes your outcome. I sold my store at a premium because my territory was in a high-value area. The best areas go first, and once they're gone, they're gone. Enter your ZIP code, and a territory specialist will walk you through the franchises still available near you, drawing on information that isn't publicly accessible, saving you months of wasted research.🔴Free Webinar: 6 Under-the-Radar Franchise Concepts That Serious Buyers Should Know
Every month we feature 6 standout franchises that could be the opportunity you've been looking for, each evaluated on disclosed financials and matched to the type of buyer most likely to succeed with it. Can't attend live on October 27 at 6PM EST? Register now and we'll send you the full recording the next day. Reserve your spot here.- Outlets at the Start of the Year: 105
- Outlets at the End of the Year: 120
- Net Change: +15
2022
- Outlets at the Start of the Year: 120
- Outlets at the End of the Year: 128
- Net Change: +8
2023
- Outlets at the Start of the Year: 128
- Outlets at the End of the Year: 130
- Net Change: +2
Company-Owned
2021
- Outlets at the Start of the Year: 0
- Outlets at the End of the Year: 0
- Net Change: 0
2022
- Outlets at the Start of the Year: 0
- Outlets at the End of the Year: 0
- Net Change: 0
2023
🎯Find Best-Fit Franchises Still Available in Your Target Area (Free Tool)
When I owned a UPS Store, I learned firsthand how much your ZIP code shapes your outcome. I sold my store at a premium because my territory was in a high-value area. The best areas go first, and once they're gone, they're gone. Enter your ZIP code, and a territory specialist will walk you through the franchises still available near you, drawing on information that isn't publicly accessible, saving you months of wasted research.📈Dreaming of Multi‑Unit Success? Lock In Prime Territories Before They're Gone.
Colin started as a team member at 21 and now owns 6 locations in Tampa Bay. Lisa came from marketing and built 21 in San Diego. The most successful multi-unit owners move early and secure markets with room to grow. Use our free tool to search multiple ZIP codes and find franchises where you can still stack locations, before someone else does. A franchise specialist will be in touch to present what's available.- Outlets at the Start of the Year: 0
- Outlets at the End of the Year: 0
- Net Change: 0
Section IV – News Updates on the Bio-One Franchise
Section V – Financial Performance Representations (Average Revenues and/or Profits) for the Bio-One Franchise (Item 19, 2024 FDD)
2023 Performances of Franchisees Who Have Reported 12 Months of Revenue or More (i.e., who have been open for at least 12 months within which to report revenue; as a result, 109 Franchisees’ performance fits within this table, with the excluded franchisees only representing those who were not in operation for each of the 12 months in 2023):
- No Franchisees have been excluded, unless they did not report, in which case Bio-One could not include their data.
- For those who partially reported, the metric reported is reflected, and the reporting count reflects when they did or did not report.
Quartile 1
- Average Annual Revenues: $715,112
- Number Reporting: 27 out of 27
- Number Above Average: 9 of 27 performed above average (33%)
- Median Annual Revenues: $646,462
- High Annual Revenues: $1,233,414
- Low Annual Revenues: $539,631
Quartile 2
- Average Annual Revenues: $446,869
- Number Reporting: 27 out of 27
- Number Above Average: 14 of 27 performed above average (52%)
- Median Annual Revenues: $447,187
- High Annual Revenues: $520,333
- Low Annual Revenues: $354,827
Quartile 3
- Average Annual Revenues: $275,773
- Number Reporting: 15 out of 27
- Number Above Average: 13 of 27 performed above average (48%)
- Median Annual Revenues: $268,454
- High Annual Revenues: $353,874
- Low Annual Revenues: $205,665
Quartile 4
- Average Annual Revenues: $112,604
- Number Reporting: 14 out of 28
- Number Above Average: 13 of 28 performed above average (46%)
- Median Annual Revenues: $109,884
- High Annual Revenues: $205,409
- Low Annual Revenues: $2,900
- Performances of Franchisees who have reported less than 12 months of revenue have demonstrated such irregular and unpredictable highs and lows in the early stages of their operations that their historical data is not reliably representative of any patterns, and are not reported until after they have completed 12 months of reported revenue from their operations.
- Some outlets have sold this amount. Your individual results may differ. There is no assurance you’ll sell as much.
Section VI – Bio-One Franchise Ratios, Comparables, Computations, and Analyses (Exclusive Content for Platinum Subscribers) ⬇️
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