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Updated RecentlyShred-it vs RetroTax Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Shred-it vs RetroTax including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $50,000 - And Up | $33,450 - $46,000 |
| Franchise Fee | N/A | $30,000 |
| Royalty Fee | - | - |
| Advertising Fee | - | - |
| Year Founded | 1988 | - |
| Year Franchised | 0 | - |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | * Single-unit franchisees must live in proximity to the market area that they will service * Possess a minimum net worth of $150K, with $45K in liquidity * Strong interpersonal skills and/or sales experience at the C-level a strong plus |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | No/No |
| Start-up Costs | -/- | No/No |
| Equipment | -/- | No/No |
| Inventory | -/- | No/No |
| Receivables | -/- | No/No |
| Payroll | -/- | No/No |
Training & Support |
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| Training | - | Initial Training consists of a combined 40 hours of classroom and in-field training. You'll learn the features and benefits of various tax credit programs, become familiar with our internal operations, and train with experienced field personnel. |
| Support | - | Ongoing Support is provided to all franchisees. Our primary goal is to help you build your client base and become better every day, as a successful RetroTax franchisee. |
| Marketing | - | - |
| Operations | - | - |
Expansion Plans |
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| US Expansion | - | - |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
About Shred-it
Shred-it is dedicated to being the World's Leading Mobile Shredding and Recycling Company.
We have achieved this goal on the strengths of our people. Shred-it consistently delivers the greatest security, cost effectiveness, convenience and environmentally-friendly service available.
Our ongoing prosperity is a matter of continuing to attract the best
people to our organization - a core principle of our company from the
outset.
About RetroTax
Established in 1996, RetroTax® helps businesses navigate complex
legislation associated with finding and securing federal and state tax
credits. These tax credits can be based on geographic regions in which
your business operates, or on the demographic characteristics of your
employees. In addition to finding and acting upon current and
retroactive program eligibility, RetroTax® helps businesses establish
policies and practices to create greater opportunities for receiving
additional tax credits in the future.
RetroTax is a full service administrator of federal and state incentive programs. These programs generate federal and state income tax credits that offset federal and state income tax liability. RetroTax uses a state-of-the-art proprietary software program to process your company's information to obtain federal and state tax credits.