Shred415 vs The Max Challenge Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Shred415 vs The Max Challenge including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
  Shred415 The Max Challenge
Investment 440280 - 959200 131868 - 280592
Franchise Fee 0
Royalty Fee 8% 6%
Advertising Fee 2%
Year Founded 1986 2011
Year Franchised 2004 2013
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements
  Shred415 The Max Challenge
Experience

Financing Options
  Shred415 The Max Challenge
 
Franchise Fees No
Start-up Costs No
Equipment No
Inventory No
Receivables No
Payroll No

Training & Support
  Shred415 The Max Challenge
Training On-The-Job Training: 48 hours Classroom Training: 32 hours On-The-Job Training: 18 hours Classroom Training: 40 hours Additional Training: Ongoing virtual training
Support Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
Operations Absentee Ownership Allowed Absentee Ownership Allowed Number of Employees Required to Run: 2

Expansion Plans
  Shred415 The Max Challenge
US Expansion Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
Canada Expansion
International Expansion

Start-Up Costs and Fees Mobile
Investment
Shred415
The Max Challenge
Franchise Fee
Shred415
The Max Challenge
Royalty Fee
Shred415 8%
The Max Challenge 6%
Advertising Fee
Shred415
The Max Challenge 2%
Year Founded
Shred415 1986
The Max Challenge 2011
Year Franchised
Shred415 2004
The Max Challenge 2013
Term Of Agreement
Shred415 10 years
The Max Challenge
Renewal Fee
Shred415
The Max Challenge


Business Experience Requirements
Experience
Shred415
The Max Challenge

Financing Options
 
Franchise Fees
Shred415 No
The Max Challenge No
Start-up Costs
Shred415
The Max Challenge
Equipment
Shred415}
The Max Challenge
Inventory
Shred415
The Max Challenge
Receivables
Shred415
The Max Challenge
Payroll
Shred415
The Max Challenge

Training & Support
Training
Shred415 On-The-Job Training: 48 hours Classroom Training: 32 hours
The Max Challenge On-The-Job Training: 18 hours Classroom Training: 40 hours Additional Training: Ongoing virtual training
Support
Shred415 Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
The Max Challenge Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing
Shred415 Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
The Max Challenge Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
Operations
Shred415 Absentee Ownership Allowed
The Max Challenge Absentee Ownership Allowed Number of Employees Required to Run: 2

Expansion Plans
US Expansion
Shred415 Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
The Max Challenge
Canada Expansion
Shred415
The Max Challenge
International Expansion
Shred415
The Max Challenge