Shred-it
Shred-it
2794 South Sheridan Way
Oakville, ON L6J 7T4 CANADA
800#:
Tel: (905) 829-2794
Fax: (905) 829-1999
E-Mail: [email protected]
Web Site: www.shredit.com
Contact: Mr. Brian MacLean, VP Franchise Devel./Ops.
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
Established: 1988
First Franchise: 1992
Franchise Units: 53
Company-Owned Units: 65
Total Units: 118
Distribution:
U.S. -- 81;
Canada -- 12;
International -- 25
-North America -- Operations in 35 States, 6 Provinces
-States/Provinces with Greatest Density: 8 in CA, 5 in FL, 4 in OH
Projected New Units Over Next 12 months: 10
Franchisee Qualifications: 5, 4, 1, 2, 4, 5
(Click here for an explanation)
Registered in Following Registration States: CA,FL,IL,IN,MD,MI,NY,WA,WI,DC,AB (Click here for an explanation)
Average Number of Employees: 10 FT (FT = Full Time, PT = Part Time)
Space Needs: 1,500 SF; Industrial Flex Space
(Click here for abbreviations)
Encourage Conversion: NA
Financial Requirements
Cash Investment: $200-250K
Total Investment: $400-500K
Average Total Investment: $450.0K
Minimum Net Worth: $500K
Fees:
-Franchise: $75K
-Average Franchise Fee: $75.0K
-Royalty: 6%
-Average Royalty: 6.0%
-Advertising: 1.5%
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 10/10/10
Passive Ownership: Not Allowed
Area Development Agreements: Yes/10
Sub-Franchising Contracts: No
Expand In Territory: Yes
Franchisor Support and Training Provided
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Financial Assistance: No
Cooperative Advertising: No
International Franchise Association:
Canadian Franchise Association:
Franchisee Association / Member: Yes/Yes
Size Of Corporate Staff: 100
On-Going Support: B,C,D,E,H (Click here for an explanation)
Training: 1 Week in Oakville, ON; 1 Week On-Site.
Franchisor's Specific Expansion Plans
U.S.: No
Canada: No
Overseas: Asia, E. Europe, S. America
Note: NR = No Response by Franchisor.
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