Proshred Franchising Corp.

Mobile on-site data destruction/shredding/recycling
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2022 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$333K - $478K
Units as of 2013
35

Company Overview

About Proshred Franchising Corp.

Related Categories
Miscellaneous Business Services
Founded
2004
Leadership
John Prittie, CEO

Franchising Overview

Franchising Since
2004 (18 years)
# of employees at HQ
50
Where seeking

This company is seeking new franchisees in the following US states:

# of Units
35 (as of 2013)

Franchisor Information

Corporate Address
6559 Mississauga Rd., #B
Mississauga, ON L5N 1A6

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Proshred Franchising Corp. franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee
$35,000
Initial Investment
$333,000 - $478,000
Net Worth Requirement
$750,000 - $1,000,000
Cash Requirement
$250,000 - $300,000
Royalty Fee
6.5%
Ad Royalty Fee
1.25%
Term of Agreement
10 years
Is franchise term renewable?
Yes
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Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

In-House Financing
Proshred Franchising Corp. offers in-house financing to cover the following: franchise fee
Third Party Financing
Proshred Franchising Corp. has relationships with third-party sources which offer financing to cover the following: equipment, inventory

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training
1 week
Classroom Training
2 weeks
Additional Training
Ongoing support
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
Yes
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
2
Are exclusive territories available?
Yes
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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021