|
Below is an in-depth analysis and side-by-side comparison of Steam Brothers vs Bio-One Inc. including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $22,000 - $53,500 | $85,545 - $133,545 |
Franchise Fee | $16,000 | $35,000 |
Royalty Fee | 5-6.5% | 7% |
Advertising Fee | - | 2% |
Year Founded | 1977 | 2008 |
Year Franchised | 1984 | 2011 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | $1K | - |
Business Experience Requirements |
||
Experience | - | Our ideal candidate needs to have the drive to really want to succeed. They must have compassion for others and be willing to learn in a constant evolving industry. Someone that has worked for a restoration company or has a civil service background such as police, fire, EMT or paramedic. We also like people that might have a background in construction or with a contractor's license. Minimum 85K to invest. Lastly, they have to be willing to do this full time; no part time owners here. No experience necessary. |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/Yes |
Start-up Costs | No/No | -/Yes |
Equipment | No/Yes | -/Yes |
Inventory | No/No | -/Yes |
Receivables | No/No | -/Yes |
Payroll | No/No | -/Yes |
Training & Support |
||
Training | - | 1 week at our training center(s) in Vegas or STL and Hometown training for 1 week On-The-Job Training: 20 hours Classroom Training: 40 hours |
Support | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform |
Marketing | Ad slicks | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development |
Operations |
Franchise can be run from home. 2% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 - 3
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | Absentee Ownership Allowed Number of Employees Required to Run: 1 |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | No | - |
International Expansion | No | - |
After 16 years in the supermarket business, Adam Leier was looking for a way to go into business for himself. He purchased Steam Brothers, an existing cleaning business, in 1977 and began franchising in 1984. Steam Brothers has locations throughout the Midwest and is based in Bismarck, North Dakota.
Bio-One Inc. is the first and only successful crime & trauma scene clean-up franchise. Due to our knowledge of the industry, Bio-One Inc. is the leader in bio-recovery world wide. Bio-One's marketing campaigns are industry specific, innovative and have proven successful for years.