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IT Hardware Recycling Franchise
Research Securis Franchise

What are the Startup Costs for a Securis Franchise?

How much money do I need to start a Securis IT asset destruction franchise?

Securis franchise owners benefit from a tight partnership with the corporate team, which handles all of the electronics waste processing on behalf of franchisees, sells the old electronics with an eye toward capturing the best price, and then splits those proceeds with franchisees 50-50. This partnership not only produces a major source of revenue for franchisees, it also eliminates the single biggest challenge you would otherwise face while starting an IT asset destruction business: What do I do with all of the stuff I collect?

By taking care of it for you, Securis is able to significantly reduce the overhead that you need to get started. The total cost to start a Securis franchise ranges from $96,100 to $310,950. If you’re wondering why the range is so large, it’s simple: The two biggest pieces of equipment you’ll need for your business are a truck and a hard drive shredder — and you can either buy or lease either one. The low end of our startup cost estimate calculates the costs you’ll incur if you lease both pieces of equipment. The high-end estimate assumes you buy them both. The high-end estimate also assumes that you purchase rights to the largest territory we offer. Our territories are determined by the number of employees who work in a given area according to data from the Bureau of Labor Statistics, which is a reliable measure of how much IT equipment needs to be recycled (since nearly every business now relies on IT). Territory fees are $35,000 for areas with 449,999 or fewer employees, $60,000 for areas with 500,000 to 699,999 employees, and $85,000 for areas with 700,000 or more employees.

Here’s a line-by-line breakdown of estimated startup costs for a Securis franchise:

Type of Expenditure Low-High Method of Payment When Due To Whom Payment is to be Made
Estimated Total Initial Fee $96,100 to $310,950
Initial Franchise Fee $40,000 to $90,000 Lump Sum On signing Franchise Agreement Us
Lease, utility and security Deposits $300 to $1,000 Lump Sum or as arranged As arranged Landlord
Leasehold Improvements $ 0 to $5,000 As arranged As arranged Approved Suppliers
Operating Equipment $4,400 to $6,000 As arranged As incurred Approved Suppliers
Business Software $1,100 to $1,200 As arranged As incurred Approved Suppliers
Office Equipment, Computers, Scanner, Office Supplies and Furniture $2,500 to $3,500 As arranged As incurred Us and Approved Suppliers
Truck and Body Installation, Wrap, and PTO $1,600 to $90,000 As incurred As incurred monthly Approved Suppliers
Vehicle Signage $1,250 to $1,750 As arranged As incurred Approved Suppliers
Vehicle Insurance $1,000 to $1,500 As required As incurred Insurance Company
Shredder and Other equipment $6,000 to $55,000 As arranged As arranged Approved Suppliers
Business licenses and permits $250 to $1,000 As arranged As arranged Government Agencies
Professional Fees $500 to $1,000 As arranged As arranged Approved Suppliers
Business Insurance $1,200 to $2,500 As arranged As arranged Insurance Company
Initial Training Expenses $1,000 to $1,500 As incurred As incurred Airlines, Hotels, Restaurants
Lead Generation Kick- Off Marketing $10,000 As arranged As arranged Us
Additional Funds Working Capital (3 months) $25,000 to $40,000

So far, most Securis franchisees have been deciding to finance the truck and purchase the shredder, which has resulted in a typical startup cost of about $150,000. That does not mean that you need to have $150,000 to get started. If you have liquid assets of $100,000, a net worth of $500,000 and a good credit rating, you may qualify to open a Securis franchise.

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