Click to Print This Page
Entrepreneur: Start & Grow Your Business

Proshred Franchising Corp.

Mobile on-site document destruction/shredding

Background

Founded: 2004 Franchising since: 2004
245 Yorkland Blvd., #100
Toronto, Ontario M4G 1N6
Phone:
(416)490-8600


Franchisor has 50 employee(s); 5 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2007 12 0 0 0
2006 7 0 0 0
2005 6 0 0 0

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, United states, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming

Exclusive territories available.

Costs and Fees

Total investment: $359.5K-464.5K
Franchise fee: $35K
Ongoing royalty fee: 6.5%
Term of agreement: 10 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee No Yes
Startup Costs No No
Equipment No Yes
Inventory No Yes
Accounts Receivable No No
Payroll No No

Third-party financing source(s): Diamond Financial

Qualifications
Net worth requirement: $250K
Cash liquidity requirement: $50K-100K
Business Experience:
  • General business experience
  • Marketing skills

Operations
  • Number of employees needed to run franchised unit: 2
  • Absentee ownership of franchise is allowed.

Training and Support

Training
  • Available at headquarters: 2 weeks
  • At franchisee's location: 1 week
  • Ongoing support

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Grand opening
  • Internet
  • Security/safety procedures
  • Field operations/evaluations
  • Purchasing cooperatives

Marketing Support
  • Co-op advertising
  • Ad slicks
  • National media
  • Regional advertising