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Updated RecentlyQuikDrop vs Assist 2 Auction Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of QuikDrop vs Assist 2 Auction including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $80,000 | $19,800 |
| Franchise Fee | $25,000 | $17,990 |
| Royalty Fee | $1.8K/mo. | $75/week |
| Advertising Fee | - | - |
| Year Founded | 2003 | 2005 |
| Year Franchised | 2003 | 2005 |
| Term Of Agreement | 15 years | 10 years |
| Term Of Agreement | 15 years | 10 years |
| Renewal Fee | $2.5K | $2500 |
Business Experience Requirements |
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| Experience | - | |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/Yes | -/- |
| Receivables | No/Yes | -/- |
| Payroll | No/Yes | -/- |
Training & Support |
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| Training | - | - |
| Support | Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | - |
| Operations |
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 |
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| US Expansion | - | - |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
Company Overviews
About QuikDrop
NO LONGER FRANCHISING
About Assist 2 Auction
No longer franchising