Proshred

  • Proshred Franchising Corp.
6559 Mississauga Rd., # B
Mississauga, ON LN5 1A6
Canada
  • (416) 449-7139 / (416) 700-4771
  • (905) 812-9448 (Fax)

PROSHRED invented mobile shredding. The PROSHRED onsite professional shredding system is the most secure method of destroying confidential documents and other proprietary materials. Government legislation passed to protect customers and the environment has made it imperative that all companies, big and small, as well as home-based employees and businesses, find convenient and effective ways to discard all types of documents and materials containing sensitive information. PROSHRED is a powerful, long-standing brand supported by an experienced management team.

Franchisor Background

Year Established: 2002

Franchising Since: 2002

Operating Units

Franchised Units 21 77.8%
Company-Owned Units 6 22.2%
Total Operating Units 27 100%

Geographic Distribution

USA 27 87.1% In 10 States
Canada 0 0.0% In 0 Provinces
International 4 12.9% In 1 Foreign Countries
Total 31 100%

Multi-Unit Operators

Multi-Unit Operators N/A
Franchises Owned by Multi-Unit Operators N/A

North American Unit Density

(no data available)

Registered in the following Registration States

California, Florida, Maryland, Michigan, District of Columbia

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Support and Training

General Information

IFA Member Yes
CFA Member No
Franchisee Association? Yes, is a member
Size of Corporate Staff 11
Site Selection
Assistance
Yes
Lease Negotiation Assistance Yes
Financial Assistance Yes, Indirect

Marketing Support

Co-Op Advertising Yes
National Advertising Yes
Regional Advertising Yes
Local Advertising Yes
Marketing Materials Ad Slicks, Brochures, Catalogs, Coupons/Rebates, Direct Mailers, Emails, Promotional Items, Radio Ads, Site Signs, Television Ads, Trade Show Exhibits, Videos
Additional Services: Grand Opening, In-House Marketing, Marketing Research, Newsletter, Online Extranet, Press Releases, Sales Strategies

Ongoing Support

Central Data Processing N/A
Central Purchasing Included
Field Operation Evaluation Included
Field Training Included
Initial Store Opening Included
Inventory Control Included
Franchisee Newsletter Included
Regional or National Meetings Included
800 Telephone Hotline Included

Training

Local 10 Days
Toronto, ON 10 Days
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Financial Requirements

Investment

Minimum Net Worth $1MM
Cash Investment $250K
Total Investment $450-700K
Average Total Investment $575K

Fees

Initial Franchise Fee $35K
Average Franchise Fee $35K
On-Going Royalty 6.5%
Average Royalty 6%
Advertising Fee 1-3%

Site Information and Requirements

Average Number of Full-Time Employees 5
Average Number of Part-Time Employees 2
Space Needs (in square feet) 2,000
Preferred Site Types N/A
Other Site Types Allowed Industrial Commercial
Encourages Conversions Yes
Item 19 (Earnings Claim) Provided? Yes
Listed in the SBA Registry? No
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Franchisee Qualifications

Financial Net Worth 5
General Business Experience 4
Specific Industry Experience 1
Formal Education 3
Psychological Profile 1
Personal Interviews 5
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Terms of Contract

Term of Initial Contract 10
Term of Renewal Period 5-5
Passive Ownership? Allowed, but discouraged
Area Development
Agreements?
Yes, for 1 year
Sub-Franchisor
Contracts?
No
Franchisees Allowed to Expand Within Territory? Yes
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Expansion Plans

Projected New Units Over Next 12 Months 9
USA Yes, All United States
Canada No, All Canada
Overseas No, Europe, Australia, Asia
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Request Information for Proshred

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