| ||||
Updated Recently24/7 Auctions vs QuikDrop Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of 24/7 Auctions vs QuikDrop including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $60,300 - $168,200 | $80,000 |
| Franchise Fee | $15,000 | $25,000 |
| Royalty Fee | 4% | $1.8K/mo. |
| Advertising Fee | - | - |
| Year Founded | 2004 | 2003 |
| Year Franchised | 2005 | 2003 |
| Term Of Agreement | 5 years | 15 years |
| Term Of Agreement | 5 years | 15 years |
| Renewal Fee | - | $2.5K |
Business Experience Requirements |
||
| Experience | ||
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | No/Yes |
| Start-up Costs | No/No | No/Yes |
| Equipment | No/No | No/Yes |
| Inventory | No/No | No/Yes |
| Receivables | No/No | No/Yes |
| Payroll | No/No | No/Yes |
Training & Support |
||
| Training | - | - |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives | Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | Co-op advertising, Ad slicks | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations |
Number of employees needed to run franchised unit: 2 - 2
Absentee ownership of franchise is allowed. |
80% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
| US Expansion | - | - |
| Canada Expansion | No | No |
| International Expansion | Yes | Yes |
Company Overviews
About 24/7 Auctions
WANT TO BE PART OF A $30 BILLION DOLLAR INDUSTRY? This is your opportunity to get in on the ground floor of a proven concept and reap the benefits of a $30 billion industry! In terms of revenue, eBay is the fastest growing business of all time. Now you can be part of this exciting growth with the help of 24/7 Auctions.
About QuikDrop
NO LONGER FRANCHISING