Business Description

Business service, offering mobile paper shredding and recycling, serving Fortune 1,000 companies, hospitals, medical facilities, banks, financial institutions, investment and professional firms and the government.

Franchisor Background

Year Established:  1988

Franchising Since:  1992

Operating Units:
Franchised Units:	53	44.9%
Company-Owned Units:	65	55.1%
Total Operating Units:	118	100.0%
Geographic Distribution: U.S.: 81 68.6% In 35 States Canada: 12 10.2% In 6 Canadian Provinces International: 25 21.2% In 0 Foreign Countries   Total: 118 100.0%

North America:
States/Provinces with the largest number of operating units:

Density	Units
1. California	8
2. Florida	5
3. Ohio	4

Registered in Following Registration States: California, Florida, Illinois, Indiana, Maryland, Michigan, New York, Washington, Wisconsin, District Of Columbia, Alberta

Financial Requirements

Investment:
Minimum Net Worth:	$500K
Cash Investment:	$200-250K
Total Investment:	$400-500K
Average Total Investment:	$450K
Fees:
Initial Franchise Fee:	$75K
Average Franchise Fee:	$75K
On-Going Royalty:	6%
Average Royalty:	6%
Advertising Fee:	1.5%

Average Number of Employees: 10 Full-time, 0 Part-time

Space Needs (in square footage): 1,500

Preferred Sites:

Other Sites: Industrial Flex Space

Encourage Conversions? Not Applicable

Earnings Claims Provided?: No

Franchisee Qualifications
Ranked from 1 (unimportant) to 5 (important):
Financial Net Worth:	5
General Business Experience:	4
Specific Industry Experience:	1
Formal Education:	2
Psychological Profile:	4
Personal Interview(s):	5
Terms of Contract
Term of Initial Contract:	10/10/10 Year(s)
Term of Renewal Period:	Year(s)
Passive Ownership:	Not Allowed
Area Development Agreements?	Yes, for 10 Year(s)
Sub-Franchising Contracts?	No
Franchisees Allowed to Expand Within Territory?	Yes
Support and Training
International Franchise Association:	No
Canadian Franchise Association:	No
Franchisee Association/Member:	Yes, Member
Size of Corporate Staff:	100
Site Selection Assistance?	Yes
Lease Negotiation Assistance?	Yes
Financial Assistance?	No
Marketing Support:
Co-Op Advertising:	No
National Advertising:	No
Regional Advertising:	No
Local Advertising:	No
Marketing Materials:	None Specified
Additional Services:	None Specified
Other Marketing Support:	None Specified
On-Going Support:
Central Data Processing:	Not Applicable
Central Purchasing:	Not Applicable
Field Operation Evaluation:	Included in Fees
Field Training:	Included in Fees
Initial Store Opening:	Included in Fees
Inventory Control:	Not Applicable
Franchisee Newsletter:	Not Applicable
Regional or National Meetings:	Included in Fees
800 Telephone Hotline:	Not Applicable
Training:
1. Oakville, ON	1 Week
2. On-Site	1 Week
Expansion Plans
Projected New Units Over Next 12 months: 10 U.S.: No Canada: No Overseas: Yes, Asia, E. Europe, S. America	Request Franchisor Info   Submit an online form to receive information from Shred-It.