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| Proshred 245 Yorkland Blvd., # 100 Toronto, ON, M2J 4W9 Canada |
Submit an online form to receive information from Proshred.
|
Business Description
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: 1986
Franchising Since: 1991
North America:
States/Provinces with the largest number of operating units:
Registered in Following Registration States: California, Florida, Maryland, Michigan, District Of Columbia
Financial Requirements
Average Number of Employees: 5 Full-time, 2 Part-time
Space Needs (in square footage): 2,000
Preferred Sites:
Other Sites: Industrial Commercial
Encourage Conversions? Yes
Earnings Claims Provided?: Yes
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: 1986
Franchising Since: 1991
| Operating Units: | |||||||||||||||||||||||||||||||
Franchised Units: | 12 | 100% | | ||||||||||||||||||||||||||||
| Company-Owned Units: | 0 | 0% | |||||||||||||||||||||||||||||
Total Operating Units: | 12 | 100.0% | |||||||||||||||||||||||||||||
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States/Provinces with the largest number of operating units:
| Density | Units |
Registered in Following Registration States: California, Florida, Maryland, Michigan, District Of Columbia
Financial Requirements
| Investment: | |
| Minimum Net Worth: | $750K |
| Cash Investment: | $176K |
| Total Investment: | $489K |
| Average Total Investment: | $489K |
| Fees: | |
| Initial Franchise Fee: | $35K |
| Average Franchise Fee: | $35K |
| On-Going Royalty: | 6.5% |
| Average Royalty: | 6% |
| Advertising Fee: | 1-3% |
Space Needs (in square footage): 2,000
Preferred Sites:
Other Sites: Industrial Commercial
Encourage Conversions? Yes
Earnings Claims Provided?: Yes
| Franchisee Qualifications | |||||||||
Ranked from 1 (unimportant) to 5 (important): | |||||||||
| Financial Net Worth: | 5 | ||||||||
| General Business Experience: | 4 | ||||||||
| Specific Industry Experience: | 1 | ||||||||
| Formal Education: | 3 | ||||||||
| Psychological Profile: | 1 | ||||||||
| Personal Interview(s): | 5 | ||||||||
| Terms of Contract | |||||||||
| Term of Initial Contract: | 10 Year(s) | ||||||||
| Term of Renewal Period: | 5/5 Year(s) | ||||||||
| Passive Ownership: | Allowed | ||||||||
| Area Development Agreements? | Yes, for 1 Year(s) | ||||||||
| Sub-Franchising Contracts? | No | ||||||||
| Franchisees Allowed to Expand Within Territory? | Yes | ||||||||
| Support and Training | |||||||||
| International Franchise Association: | Yes | ||||||||
| Canadian Franchise Association: | No | ||||||||
| Franchisee Association/Member: | Yes, 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 | ||||||||
| Other Marketing Support: | None Specified | ||||||||
| On-Going Support: | |||||||||
| Central Data Processing: | Not Applicable | ||||||||
| Central Purchasing: | Included in Fees | ||||||||
| Field Operation Evaluation: | Included in Fees | ||||||||
| Field Training: | Included in Fees | ||||||||
| Initial Store Opening: | Included in Fees | ||||||||
| Inventory Control: | Included in Fees | ||||||||
| Franchisee Newsletter: | Included in Fees | ||||||||
| Regional or National Meetings: | Included in Fees | ||||||||
| 800 Telephone Hotline: | Included in Fees | ||||||||
| Training: | |||||||||
| 1. Toronto, ON | 10 Days | ||||||||
| 2. Local | 10 Days | ||||||||
| Expansion Plans | |||||||||
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Submit an online form to receive information from Proshred.
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