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Updated Recently24/7 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 |
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| Investment | $60,300 - $168,200 | $64,300 |
| Franchise Fee | $15,000 | $15,000 |
| Royalty Fee | 4% | 3% |
| Advertising Fee | - | - |
| Year Founded | 2004 | 2004 |
| Year Franchised | 2005 | 2005 |
| Term Of Agreement | 5 years | 15 years |
| Term Of Agreement | 5 years | 15 years |
| Renewal Fee | - | - |
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/No | No/Yes |
| Start-up Costs | No/No | No/Yes |
| Equipment | No/No | No/No |
| Inventory | No/No | No/No |
| Receivables | No/No | No/No |
| Payroll | No/No | No/No |
Training & Support |
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| 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 |
| 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 |
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| US Expansion | - | - |
| Canada Expansion | No | No |
| International Expansion | Yes | No |
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!