Was Bio-One a franchise system before the creation of Bor Restoration?
Bor_Restoration Franchise · 2024 FDDAnswer from 2024 FDD Document
Mr. Zamucen has been our Member and CEO since our inception. From 2010 to September of 2016, Mr. Zamucen was the Chief Executive Officer of our former affiliate Ringside Development Company d/b/a Bio-One Colorado, Inc., which was a franchisor of crime-scene and hoarding cleanup services. In January of 2021, Mr. Zamucen again took this position with Bio-One. Bio-One was sold in September of 2021 when it had 110 open units. From September of 2016 to our inception, Mr. Zamucen was building this system.
Source: Item 2 — Business Experience (FDD page 9)
What This Means (2024 FDD)
According to Bor Restoration's 2024 Franchise Disclosure Document, Nick-Anthony Zamucen, the Member and Chief Executive Officer of Bor Restoration, was the CEO of Ringside Development Company d/b/a Bio-One Colorado, Inc. from 2010 to September 2016. This company was a franchisor of crime-scene and hoarding cleanup services. Zamucen later returned to Bio-One as CEO in January 2021.
The FDD indicates that Bio-One was sold in September 2021, at which point it had 110 open units. This demonstrates that Bio-One operated as a franchise system before the creation of Bor Restoration, as Zamucen transitioned from Bio-One to building the Bor Restoration system from September 2016 until its inception.
This history suggests that the leadership of Bor Restoration has prior experience in franchising within a related service industry. A prospective franchisee may want to further investigate the details of the Bio-One franchise system and the reasons for its sale to better understand the background and expertise of Bor Restoration's management.