24/7 Auctions vs Auction Mojo Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of 24/7 Auctions vs Auction Mojo including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
24/7 Auctions Franchise
Auction Mojo Franchise
Investment $60,300 - $168,200$64,300
Franchise Fee $15,000$15,000
Royalty Fee 4%3%
Advertising Fee --
Year Founded 20042004
Year Franchised 20052005
Term Of Agreement 5 years15 years
Term Of Agreement 5 years15 years
Renewal Fee --


Business Experience Requirements

 
24/7 Auctions Franchise
Auction Mojo Franchise
Experience
  • General business experience
  • Marketing skills

  • General business experience

  • Financing Options

     
    24/7 Auctions Franchise
    Auction Mojo Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoNo/Yes
    Start-up Costs No/NoNo/Yes
    Equipment No/NoNo/No
    Inventory No/NoNo/No
    Receivables No/NoNo/No
    Payroll No/NoNo/No

    Training & Support

     
    24/7 Auctions Franchise
    Auction Mojo Franchise
    Training --
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperativesNewsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
    Marketing Co-op advertising, Ad slicksCo-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: 2 - 2

    Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)


    Expansion Plans

     
    24/7 Auctions Franchise
    Auction Mojo Franchise
    US Expansion --
    Canada Expansion NoNo
    International Expansion YesNo

    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 Auction Mojo

    As an Auction Mojo Franchisee, you can enjoy an unlimited earnings potential simply by helping to find new homes for things that are just trash to some, but great treasures for others. Essentially, you will be earning substantial commissions in exchange for providing much-needed convenience in selling off unwanted or no longer useful items. It's really that simple! Best of all, our new franchise program is geared towards timely start-ups, so you can quickly become a firmly established professional in this explosive new service industry long before any possible competition has a adequate chance to react to this tremendous new opportunity in your area. We have designed our franchise opportunity to be quite simple-to-learn, quick-to-create, and very pleasant to operate. Best of all, because of the low overhead and minimal equipment and staffing requirements, you'll find the actual cost of obtaining an Auction Mojo franchise as appealing as its remarkable earnings potential!