Shred-it
Yes, we actively support the inclusion and development of minority-owned franchises in the Shred-it system.
Shred-it
2794 South Sheridan Way
Oakville, ON L6J 7T4 CANADA
800#:
Tel: (905) 829-2794
Fax: (905) 829-1999
E-mail: info@shredit.com
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:
> North America -- Operations in 35 States, 6 Provinces
> States/Provinces with Greatest Density: 8 in CA, 5 in FL, 4 in OH
Units Owned by Minorities:
>African-American: 1
>Hispanic:
>Asian-American:
>Native American:
>Other: 1
Average Number of Employees: 10 FT (FT = Full Time, PT = Part Time)
Space Needs: 1,500 SF; Industrial Flex Space
(for abbreviations click here)
Financial Requirements
Cash Investment: $200-250K
Total Investment: $400-500K
Average Total Investment: $450K
Minimum Net Worth: $500K
Fees
>Franchise: $75K
>Average Franchise Fee: $75K
>Royalty: 6%
>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
Cooperative Advertising: No
Franchisee Assoc. / Member: Yes/Yes
Size Of Corporate Staff: 100
On-Going Support: B,C,D,E,H (for an explanation click here)
Training: 1 Week in Oakville, ON; 1 Week On-Site.
Specific Minority Program(s) in Place: Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.
Franchisor's Specific Expansion Plans
U.S.: No
Note: NR = No Response by Franchisor.
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