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Below is an in-depth analysis and side-by-side comparison of Secure Eco Shred vs Shred-Tech including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $299,100 - $365,950 | $200,000 |
Franchise Fee | $25,000 | N/A |
Royalty Fee | 5% | - |
Advertising Fee | - | - |
Year Founded | 2000 | 1978 |
Year Franchised | 2005 | 1980 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | $15000 | - |
Business Experience Requirements |
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Experience | - | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | Yes/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/Yes |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | * Available at headquarters: 2 weeks * At franchisee's location: 1 week | - |
Support | - | - |
Marketing | - | - |
Operations | * Number of employees needed to run franchised unit: 5 - 5 * Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | - | - |
International Expansion | - | Yes |
Businesses live in fear that their employment information, billing records or other sensitive documents might get into the wrong hands, thus causing embarrassment, or worse. That means shredding services are necessary.
A Secure Eco Shred franchise fulfills that need.