| ||||
Updated Recently24/7 Auctions vs Snappy Auctions Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of 24/7 Auctions vs Snappy Auctions including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $60,300 - $168,200 | $47,100 - $57,400 |
| Franchise Fee | $15,000 | $15,000 |
| Royalty Fee | 4% | 2-4% |
| Advertising Fee | - | - |
| Year Founded | 2004 | 2003 |
| Year Franchised | 2005 | 2003 |
| Term Of Agreement | 5 years | - |
| Term Of Agreement | 5 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | ||
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | No/No |
| Start-up Costs | No/No | No/No |
| Equipment | No/No | No/No |
| Inventory | No/No | No/No |
| Receivables | No/No | No/No |
| Payroll | No/No | No/No |
Training & Support |
||
| Training | - | - |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | Co-op advertising, Ad slicks | Co-op advertising, Ad slicks |
| Operations |
Number of employees needed to run franchised unit: 2 - 2
Absentee ownership of franchise is allowed. |
100% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 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 Snappy Auctions
NO LONGER FRANCHISING
The Snappy Auctions Franchise is a pioneer in an exciting new industry, and we are looking for franchisees who share our enthusiasm and commitment. As the leading franchisor of eBay consignment services, Snappy Auctions is poised for fast growth and dedicated to the highest standards of customer and franchisee satisfaction.