Is BIOSWEEP a good franchise to buy?

BIOSWEEP shows several positive indicators: low SBA loan default rate. However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.

BIOSWEEP

PHOCATOX TECHNOLOGIES, LLC is the franchisor offering the BIOSWEEP® franchise, which involves the sale of franchises registered in multiple states including Minnesota. The business model centers on franchising operations under the BIOSWEEP® name, with principal operations based in Indiana. Specific details on products/services and target market are outlined in Item 1 of the FDD, not provided in this document excerpt.

ServicesCarmel, INDisclaimer

Franchise Costs

Franchise Fee

N/A

Item 5 of FDD

Initial Investment Range

N/A

Item 7 of FDD

Royalty Rate

N/A

Brand Fund

N/A

Item 6 of FDD

How BIOSWEEP Compares

Franchise	Investment	Fee	Royalty	Locations
BIOSWEEP Current	N/A	N/A	N/A	N/A
Smash My Trash	$372K – $492K	$50K	8.0%	504
BIN THERE...DUMP THAT FRANCHISE AGREEMENT	$116K – $235K	$29K	N/A	226
JUNK KING	$121K – $236K	$55K	8.0%	172
1-800-GOT-JUNK?	$184K – $294K	$65K	8.0%	133
CRUSHR	$150K – $383K	$50K	8.0%	95
Waste Management Average 14 franchises	$221K – $375K	$50K	7.6%	–

* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 14 Waste Management franchises by location count.

SBA Loan History

Historical SBA 7(a) loan data for BIOSWEEP franchisees (2013 – 2013)

Total Loans

Average Loan

$50,000

Total Volume

$0.1M

Default Rate

0.0%

Loans by Year

SBA 7(a) loan activity over time

* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.

Due Diligence

Litigation (Item 3)

Franchisee CasesN/A

Bankruptcy (Item 4)

Bankruptcy HistoryN/A

System Health (Item 20)

Franchise system changes reported in the most recent fiscal year

Terminations

N/A

Non-Renewals

N/A

Reacquired

N/A

Ceased Ops

N/A

Transfers

N/A

Sold to Franchisees

N/A

Projected New

N/A

Frequently Asked Questions

Yes, SBA loans are available for BIOSWEEP franchises. Historical data shows 1 SBA 7(a) loans have been approved for BIOSWEEP franchisees, with an average loan amount of $50,000. The historical default rate is 0.0%.