Bio-One Franchise Cost, Revenue & Review 2026
- Investment
- $135K – $221K
- Disclosed sales
- $389K
- gross sales, not profit
- SBA charge-off
- 24.0%
- on 74 loans
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
Bio-One is a specialty-cleaning franchise providing biohazard, trauma, crime-scene, and hoarding cleanup for homes and businesses. Franchisees run field crews responding to sensitive cleanup jobs, managing decontamination, disposal, and client care in a territory.
FranchiseVerdict summary · 2026
A Bio-One franchise requires a total initial investment of $135K – $221K, including a $60K franchise fee and an ongoing 7.5% royalty[2]. Per the 2025 FDD, average unit revenue was $389K[2]. SBA 7(a) loans show a 24.0% charge-off rate across 74 loans[1]. FranchiseVerdict grade: C (Average), an editorial assessment, not investment advice. Run a live ROI scan →
Sources, dates and evidence
FDD issued: 2025 filing · Data extracted: · Last cited check: · Staleness risk: medium - a newer filing may exist
Evidence: strong✓ Investment (Item 7)✓ Item 19 status✓ Units and owners (Item 20)✓ SBA loan coverage✓ Litigation (Item 3)✓ Financial statements (Item 21)✓ Franchisor identityhow this is scored5 of 7 headline figures on this page cite a page of the filing; the rest are marked “Not cited” beside the figure.
Overview
- Investment
- $135K – $221K
- 25th pct Healthcare
- Avg gross sales
- $389K
- Outlet subset4th pct Healthcare
- Royalty
- 7.5%
- 52nd pct Healthcare
- Units
- 137
- 67th pct Healthcare
- SBA charge-off
- 24.0%
- % of SBA 7(a) loans not repaid · median varies by category
Quick verdict · Healthcare · color = vs category peers
Green = favorable by >10% vs Healthcare median · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $135K – $221K including a $60K franchise fee, 7.5% ongoing royalty.
- RETURNSAverage unit revenue of $389K/year (reported for a subset of outlets rather than the whole system).
- RISKVerdict C (Average), verdict score 44/100 (higher is better). SBA loan charge-off rate of 24.0% across 74 loans (well above the 16% franchise average, based on all SBA 7(a) franchise lending, 2010–2025).
- GROWTHPositive: net +7 franchised outlets in the latest year (23 opened, 16 closed); 4 signed but not yet open (Item 20).
- FLAG9 units terminated last reporting year (6.6% of the system). Ask existing franchisees why.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Ringside Development Company d/b/a Bio-One Colorado, Inc.
- Parent company
- FS PEP Holdco, LLC (affiliate of Princeton Equity Group, LLC)
- FDD Item 1, page 8 of the 2025 FDD
- Ultimate parent
- Princeton Equity Group, LLC
- FDD Item 1, page 8 of the 2025 FDD
- CEO title
- President
- Ben Kramer
- Incorporated in
- AZ
- HQ
- 761 W. 1200 N., Springville, UT 84663
- Auditor
- Tanner LLC
- Audited financials
- Franchisor revenue
- $47.5M
- vs $38.1M prior year
Independent franchisee associations
- Franchise Advisory Council (FAC)
- Independent Franchisee Association
Franchisee-led councils or alliances disclosed in Item 20. Indicates operator voice.
Affiliated brands
- Ellie Fam
- Gotcha Covered Franchising
- Mosquito Shield Franchise
- SB Oil Change Franchising
- that provides goods or services to our franchisees
- of Pr
- CMY Franchising
- franchises as a vendor
- Five Star Bath
Other brands the franchisor or its parent operates (Item 1).
Same owner · FDD Item 1, page 8
9 other brands on this site name Princeton Equity Group, LLC as parent or ultimate parent in their own FDD.
- 1-800-PACKOUTSA
- Card My YardB
- D1 TrainingC
- Ellie Mental HealthB
- Five Star Bath SolutionsC
- Gotcha CoveredC
- MOSQUITO SHIELDA
- PIRTEKA
- Strickland Brothers 10 Minute Oil ChangeA
Portfolio: Princeton Equity Group (private-equity sponsor)
Grouped by the owner's name as each filing prints it (this page: the 2025 FDD). Spelling variants of the same group may be listed apart; a brand is never grouped with an owner its filing does not name.
Overview
About
- CEO
- Ben Kramer
- Headquarters
- UT
- Founded
- 2010
- FDD year
- 2025
- States available
- 39
Can you afford it, and what does the money buy?
Entry cost runs 45% below the typical healthcare franchise.
Source: FDD 2025 · Items 5–7
Full Item 7 breakdown17 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Fee (IFF)not refundable | $60K | $60K | |
| QSP Package | $40K | $40K | |
| Technology Startup Feenot refundable | $2K | $2K | |
| Annual Conference Registration Depositnot refundable | $2K | $2K | |
| Rent and Rental Improvements | $0 | $2K | |
| Furniture, Fixtures, and Equipment | $0 | $2K | |
| Computer Hardware, Software and Other Electronics | $800 | $8K | |
| Initial Training Expenses | $0 | $4K | |
| OSHA Training Feenot refundable | $2K | $2K | |
| OSHA Training Expenses | $0 | $4K | |
| Local Marketing | $9K | $15K | |
| Business Vehicle | $0 | $45K | |
| Business Vehicle Tax, Title and License | $0 | $4K | |
| Business Vehicle Insurance | $1K | $1K | |
| Certifications | $3K | $4K | |
| Insurance and Professional Services | $1K | $4K | |
| Additional Funds - 3 months | $15K | $25K | |
| Total initial investment | $135K | $221K |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $135K – $221K
- Top 40% of category vs category
- Liquid capital req'd
- $15K – $25K
- Top 40% of category vs category
- Franchise fee
- $60K – $60K
- Middle of category vs category
- Royalty
- 7.5%
- Set by a formula · typical 6–8%
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 9.5%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 7.5% of gross sales |
| Marketing / ad fund | 2.0% of gross sales |
| Technology fee | $650 |
| Training fee | $2K |
| Transfer fee | $15K |
| Renewal fee | $10K |
| Total fee load | 9.5% of rev |
What do units actually make?
Average unit sales run 42% below the healthcare norm.
Reported for a subset of outlets rather than the whole system
Source: FDD 2025 · Item 19
Single-unit · not modelled
Returns at a glance
An FDD discloses gross sales, not profit, and the operating costs that turn one into the other are in no filing. We publish no modelled return for Bio-One until someone supplies them — yours, in the models below.
—
Not modelled yet
An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
Total invested capital · disclosed
$198K
Item 7 initial investment plus working capital, as filed — the one figure here that needs no assumption.
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
What one unit earns on your invested capital
Model A · Single-Unit Return
Computes unlevered return on invested capital (ROIC) for a single franchise unit, read against the 30–60% reference band · Yale SOM, Post-MBA Path Exhibit 2 (2023). Below that band a passive index fund likely outperforms; above it the franchisor has pricing power you're subsidizing.
Note: Item 19 revenue is what the franchisor discloses, and it is the top line only — gross sales are not profit. No FDD discloses the operating costs that turn one into the other, so those fields start empty and nothing is modelled until you supply them from your own lease quote, labor market and build-out budget.
Returns model · single-unit ROIC
What would one Bio-One unit return on the cash you put in?
Illustrative category typicals — not sourced to any filing, survey or sample. Replace them with figures from franchisee validation calls before you rely on the output.
Unlevered ROIC · per unit
Your modelled return on total invested capital, before any debt financing.
—
An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
What 25 units return when you use SBA financing
Model B · Return on Equity: Debt-Financed Acquisition
Models a 25-unit portfolio acquisition financed with an SBA 7(a) loan. Shows equity IRR (your return on cash invested), DSCR (how safely the cash flow covers debt service), and the capital stack (SBA + seller + equity breakdown).
This is the “search fund” or “entrepreneurship through acquisition” scenario: you buy an existing multi-unit operator, use leverage to amplify returns, and either operate or hire management. The 25-unit size is the typical minimum for an SBA-backed franchise portfolio acquisition to pencil as a full-time income.
What “return on equity” means here: if you put in $500K of your own cash and the business generates enough EBITDA to pay down debt and grow, your equity IRR is the annual return on that $500K, including the value created when you eventually sell. Target IRR for a search fund is typically 25–35%.
Not modelled yet
An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
A 25-unit return is built on a per-unit EBITDA. Fill in the operating costs in Model A above and this model runs on that figure, or take the whole scenario to the full ROI workbench, where the portfolio and LBO models accept your own per-unit economics directly.
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2025 FDD
Financial Performance
Reported for a subset of outlets rather than the whole system
- Avg gross sales
- $389K
- Per unit, per year
Gross sales are revenue before expenses — not profit. Actual owner earnings depend on rent, labor, royalties, marketing fees, and debt service.
- Item 19 type
- gross sales
- Sample size
- 113 franchisees
- vs category median 20 · large
- Range (low → high)
- $27K→$1.4MCited, not corroborated — printed on page 36 of the 2025 FDD. Nothing else in our record independently restates or re-derives it.
- Cohort dispersion (min → max)
- Quartile band
- $114K→$763K
- Bottom 25% → top 25%
- Reporting year
- 2024
- Fiscal year the figures cover
- Source filing
- FDD 2025
- Disclosed in the 2025 filing, covering 2024
- Transparency
- 6 / 10
- vs category median 3 / 10 · above
Compared against 162 Healthcare brands
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Unit economics
Average unit generates $389K/year in gross sales. Revenue-to-investment ratio: 2.2x. Reported for a subset of outlets rather than the whole system.
Fee burden
Total ongoing fee load of 9.5% — above the Healthcare median of 8.0%.
Disclosure
Transparency score 6/10 — this franchisor discloses detailed breakdowns (quartiles, segments, or cohort data). Buyers can model unit economics with higher confidence.
Operator retention
System expanding at 7.0% CAGR over 3 years across 137 units — operators are staying and new ones are joining.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Healthcare medians
How Bio-One Compares
Category median of published Healthcare brands that report the figure; the middle half spans the 25th to 75th percentile and n counts the brands behind it. Medians are used because a few very large systems pull an average far from the typical brand. Revenue is disclosed gross sales, not profit.
Is the system healthy?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 137
- Opened
- 23
- Last reporting year
- Closed
- 16
- Terminated
- 9
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 3
- Term expired, not renewed (per Item 20)
- Turnover rate
- 11.7%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Net growth (3-yr)
- +7.0%
- Net unit change over 3 years
- 3-yr CAGR
- +7.0%
- Compounded over last 3 years
Last fiscal year · Item 20 exits and transfers
- Terminated
- 9
- Not renewed
- 3
- Transferred
- 16
- Reacquired
- 0
- Franchisor bought back
- Signed, not yet open
- 4
- 0.03 per open outlet · Item 20 Table 5
- Projected new
- 0
- Franchisor's next-year forecast
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 13 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator. Not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
Where the owners are · Item 20 owner list
21 current owners across 13 states.
- CA 4
- FL 4
- MI 2
- TX 2
- AZ 1
- CO 1
- LA 1
- MN 1
- MO 1
- NV 1
- PA 1
- RI 1
- +1 more states
Counts only, from the list the franchisor prints in Item 20. Names and phone numbers are for your own due diligence and are not shown here.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 74
- Loan volume
- $11.8M
- Median loan
- $150K
- 50th percentile
- Charge-off rate
- 24.0%
- on 74 loans · rates vary by category · see methodology
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- 76.0%
- 5-yr charge-off
- 16.7%
- Loans approved 2021+
- Active lenders
- 13
- Defaults
- 6
- Typical loan rate
- 8.1%
- avg rate to borrowers
- Franchised industry avg
- 12.9%
- brand above franchise avg ↑
- Jobs supported
- 328
- 2.8 per loan
- Lender concentration
- 77%
- top lender's share
Borrower mix: 90% went to startups / new businesses, 10% to established operators
Franchise vs independent — in remediation services, franchised businesses charge off at 12.9% vs 10.4% for independents — franchising is associated with 24% higher SBA default risk in this category.
Vintage analysis
Bio-One charge-off rate by loan vintage
Top lenders financing Bio-One franchisees
Showing 3 of 13 lenders. The full breakdown — every lender, state distribution, interest rates & risk ratings — is in the SBA Lending Report below.
Explore lender portfolios on Bank Reports or regional data on State Reports.
Lender network · 7(a) + 504
SBA Lending Report
Full lending analysis for Bio-One from SBA 7(a) FOIA data.
- Principal loss rate
- 6.6%
- Avg SBA guarantee
- 82%
- Avg interest rate
- 8.13%
- Avg chargeoff amount
- $129K
- Lender concentration
- 77.0%
- Job velocity
- 2.8 per $100K
- NAICS benchmark
- 10.2%
- NAICS 562910
- Jobs supported
- 328
Top SBA lendersTop lender holds 77% of loans
| # | Lender | Loans | Volume | Default % |
|---|---|---|---|---|
| 1 | United Midwest Savings Bank National Association | 57 | $8.6M | 22.2% |
| 2 | American Bank of Freedom | 2 | $228K | 0.0% |
| 3 | Readycap Lending, LLC | 2 | $383K | N/A |
| 4 | KeyBank National Association | 2 | $425K | N/A |
| 5 | Glacier Bank | 2 | $175K | 0.0% |
| 6 | UMB Bank, National Association | 2 | $350K | N/A |
| 7 | Celtic Bank Corporation | 1 | $125K | 100.0% |
| 8 | Wells Fargo Bank National Association | 1 | $861K | 100.0% |
| 9 | D. L. Evans Bank | 1 | $85K | 0.0% |
| 10 | Stearns Bank National Association | 1 | $89K | 0.0% |
Geographic failure vector
| State | Loans | Defaults | Rate |
|---|---|---|---|
| CACalifornia | 12 | 1 | 33.3% |
| GAGeorgia | 5 | 1 | 33.3% |
| IDIdaho | 4 | 0 | 0.0% |
| PAPennsylvania | 4 | 0 | 0.0% |
| TXTexas | 4 | 1 | 100.0% |
| AZArizona | 3 | 0 | -- |
| FLFlorida | 3 | 1 | 100.0% |
| INIndiana | 3 | 0 | 0.0% |
| KSKansas | 3 | 1 | 100.0% |
| MAMassachusetts | 3 | 0 | -- |
SBA 7(a) lending trend
Borrower profile
Source: SBA 7(a) + 504 FOIA loan-level data, matched by FranchiseVerdict
A 24.0% charge-off rate means roughly 1 in 4 franchisees failed to repay their SBA loan. Investigate what changed.
What could kill this investment?
SBA loans charge off at 24.0% — 50% above the 16.0% national norm, i.e. higher lender-observed risk.
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
Bio-One presents HIGH RISK due to ongoing franchisee litigation, regulatory violations involving disclosure failures, undisclosed net income metrics, and slow unit growth—indicative of operational or contractual friction within the franchise system.
Litigation (Item 3)
Subject: the franchisor is a named party (defendant).
5 current matters: Jameson court case (removed to federal court, stayed pending JAMS); 3 substantively identical JAMS arbitrations (Gonzalez, Flohr, Tai); Nichols JAMS arbitration. All allege breach of contract re franchise relationship and required supplies. 4 prior: CA 2018 consent order (unregistered sale, $2,500); IL 2020 assurance (unregistered sale 2016, $2,000); WA 2020 consent order (FIPA violation, $1,000); CA 2021 consent order (omitting disclosure of officer felonies).
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Tanner LLC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
ⓘ These are the parent company's consolidated financials (the parent guarantees the franchisor), not this brand's standalone results — the figure reflects the whole corporate group, not this brand alone.
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
Score breakdown · what drove the 44 / 100 verdict
- 01MINORActive arbitration cases from 5 named former franchisees alleging breach of contract and supply chain issues suggest systemic operational or contractual problems
- 02MINORPrior settlements with 3 states (CA, IL, WA) for registration violations and failure to disclose founder's felony convictions indicates regulatory compliance failures and governance concerns
- 03HIGHMinimal unit growth (5.4% YoY) combined with active litigation creates doubt about franchisee satisfaction and system stability
- 04MINORMultiple breach of contract claims specifically mentioning 'required supplies' suggests potential supply-chain captivity or margin compression issues for franchisees
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 9.5% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2025 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 1 |
| Territory type | Protected territory |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory population | 1,000,000 |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 3 years |
| Non-compete (miles)ℹ | 50 mi |
| Right of first refusalℹ | Yes |
| RoFR response window | 30 days |
| Transfer requires consent | Yes |
| Termination notice | 5 days |
| Curable defaultsℹ | 1 |
| Mandatory arbitration | Yes |
| Arbitration location | Utah (within 15 miles of franchisor headquarters) |
| Jury trial waiver | No |
| Governing law | UT |
| Litigation count | 9 |
View Item 3 litigation summary
5 current matters: Jameson court case (removed to federal court, stayed pending JAMS); 3 substantively identical JAMS arbitrations (Gonzalez, Flohr, Tai); Nichols JAMS arbitration. All allege breach of contract re franchise relationship and required supplies. 4 prior: CA 2018 consent order (unregistered sale, $2,500); IL 2020 assurance (unregistered sale 2016, $2,000); WA 2020 consent order (FIPA violation, $1,000); CA 2021 consent order (omitting disclosure of officer felonies).
Items 10, 11
Training & Operations
- Classroom training
- 30 hrs
- On-the-job training
- 10 hrs
- Training location
- Springville, Utah (current headquarters) or another designated location
- Ongoing training
- Required
- Time to open
- 3 mo
- From signing to launch
- Site selection
- Franchisee (typically home-based)
- Franchisor financing
- Not offered
- Item 10
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
21 owners to call
Name · phone · city · state. Extracted from FDD Item 20
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Bio-One franchise?
The total investment to open a Bio-One franchise ranges from $135K – $221K, with an initial franchise fee of $60K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Bio-One franchise owners earn?
According to Item 19 of the Bio-One FDD, the average gross sales per unit is $389K. Important context: Reported for a subset of outlets rather than the whole system. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
Who owns Bio-One?
Bio-One is franchised by Ringside Development Company d/b/a Bio-One Colorado, Inc.. Its parent company is FS PEP Holdco, LLC (affiliate of Princeton Equity Group, LLC). The ultimate parent named in the FDD is Princeton Equity Group, LLC. Source: FDD Item 1, 2025 filing.
What is Item 19 in the Bio-One FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the Bio-One FDD and qualifies whose outlets they describe.
What is Bio-One's franchise failure rate?
Based on SBA 7(a) loan data, Bio-One has a charge-off rate of 24.0% across 74 loans, meaning 24.0% of franchise loans were charged off. Charge-off rates are one proxy for franchise risk, though they do not capture all closures. This data comes from FOIA-sourced SBA lending records.
How many Bio-One franchise locations are there?
As of their most recent FDD filing, Bio-One has 137 total units in the United States, including 137 franchised units and 0 company-owned units. 23 new units were opened in the latest reporting year.
Is Bio-One a good franchise to buy?
FranchiseVerdict rates Bio-One as a C-grade franchise with a verdict score of 44 out of 100 (higher is better). The grade is a deterministic score built from six weighted dimensions — financial health, unit economics, unit growth, scale, legal, and transparency — then calibrated against SBA loan charge-off rates and FDD age. Transparency is one of the six, so a filing that discloses less scores lower on that dimension than one that discloses more. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
For franchisors
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.