Shred-it vs Thriveworks Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Shred-it vs Thriveworks including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Shred-it Franchise
Thriveworks Franchise
Investment $50,000 - And Up$16,700 - $79,282
Franchise Fee N/A$10,000 - $20,000
Royalty Fee -3%
Advertising Fee -1%
Year Founded 19882008
Year Franchised 02013
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Shred-it Franchise
Thriveworks Franchise
Experience --

Financing Options
 
Shred-it Franchise
Thriveworks Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Shred-it Franchise
Thriveworks Franchise
Training -On-The-Job Training: 1-2 days Classroom Training: 3 days Additional Training: At company-owned center
Support -Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations
Marketing --
Operations --

Expansion Plans
 
Shred-it Franchise
Thriveworks Franchise
US Expansion -Yes
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 Thriveworks

A Thriveworks franchise is a unique turn-key counseling business opportunity unlike anything else in the field. Thriveworks is the country’s fastest growing brand of counseling centers and offers well-qualified franchisees a therapy practice with:

A Thriveworks practice could be the right investment for your career and future.  Are you ready?

The Initial Franchise Fee is $10,000 to convert an existing practice into a Thriveworks center (“Conversion Model”) or $20,000 for a new startup center (“Standard Model”) with exclusive rights to operate in a specific area as defined by the franchisor. Additional franchises will be available for a reduced fee of $5,000 per Franchise.
The total investment necessary to begin operation of a Thriveworks Franchise ranges from $16,700 to $31,800 for a Conversion Model and from $36,100 to $79,282 for a Standard Model which will depend on a number of factors that are fully discussed in Item 7. This includes the Initial Franchise Fee of $10,000 for a Conversion Model or $20,000 for a Standard Model (as discussed in Item 5) that must be paid to Thriveworks Franchising LLC or an affiliate.