Bare Metal Standard Completes Initial Public Offering
Continues National Franchise Expansion
September 21, 2017 // Franchising.com // BOISE, Idaho - Armed with more than 50 years of industry experience and the recent completion of its initial public offering, Bare Metal Standard, one of the nation’s fastest-growing kitchen exhaust cleaning services franchises, is looking to grow further beyond its regional roots and become the industry leader.
With six franchisees already operating 12 territories in nine states, Bare Metal Standard is bringing its innovative and proprietary systems and processes to key markets across the United States. Led by Chief Executive Officer James Bedal and Chief Technology Officer Mike Taylor, company plans call for selling 24 additional territories nationwide by the end of 2018.
“Bare Metal Standard has taken the foresight and experience of over 50 years and has transformed it into a franchise brand capable of rationalizing a disorganized industry,” said Taylor, noting that the company’s competition is mainly small local operators who lack organization and an established methodology. “The industry is ripe for innovation and growth, and we’re up to the task. We intend to develop the first and only public company that can provide consistent services to local, regional and national customers in every major market across the country.”
Taylor, credited as the company’s founder, has spent his entire life working for the family business. In 1964, his father purchased a steam cleaner (or a power washer in today’s terminology), cleaned a friend’s drive-thru kitchen and subsequently founded a company that has today become Bare Metal Standard. Taylor and his brother took the reins in 1999.
Fast forward 53 years and kitchen exhaust grease removal is a $1.2 billion industry that lacks a clear leader. Bare Metal Standard strives to not only be the industry leader, but also an ambassador of the industry that casts what it does as part of the fire prevention and safety community. Using its proprietary systems and vast knowledge of hood and duct systems, Bare Metal Standard has the unique ability to become the nationally dominant player in the industry.
According to Taylor, every commercial facility that has cooking operations is a potential customer. These locations are typically thought of as restaurants, but can also include hospitals, nursing homes, colleges and universities, grocery stores, employee cafeterias, sporting venues, casinos, military facilities and any other locations that prepare food on a regular basis.
“We currently service territories in 12 states; however, each of our current customer segments and their expansion have long sought a single vendor that can be trusted to provide a high quality of service throughout the country,” said Bedal. “We have the technology and experience that allows us to open franchise markets throughout the country and provide proven business processes for the franchisee, while allowing the customer a consistent quality of service at all serviced locations.”
Including a franchise fee of $38,000, the total initial investment needed to start a Bare Metal Standard business is $159,095-$245,100. A breakdown of estimated initial investment can be found in the company’s Franchise Disclosure Document.
For more information on Bare Metal Standard and franchise opportunities, please contact James Bedal at (208) 863-9900 or visit www.BareMetalStandard.com.
About Bare Metal Standard
Bare Metal Standard is one the nation’s fastest-growing kitchen exhaust cleaning services franchises founded on more than 50 years of industry experience. The Boise, Idaho-based company mitigates commercial kitchen hazards through its proprietary service that leaves no flammable grease residue inside commercial kitchen exhaust systems, just bare metal. Today, there are six franchisees operating 12 territories in nine states. For more information, call (888) 471-1117 or visit www.baremetalstandard.com.
SOURCE Bare Metal Standard