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Updated Recently24/7 Auctions vs The Online Outpost Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of 24/7 Auctions vs The Online Outpost 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 | N/A |
| Franchise Fee | $15,000 | N/A |
| Royalty Fee | 4% | - |
| Advertising Fee | - | - |
| Year Founded | 2004 | - |
| Year Franchised | 2005 | - |
| Term Of Agreement | 5 years | - |
| Term Of Agreement | 5 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 | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/No | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | - | Our training program is one of the key components in getting your business up and running efficiently. As a new franchisee you will attend The Online Outpost's one-week Trading Assistant training program which includes both classroom and in-store training. If your store or budget doesn't allow you the flexibility to travel to us, then you can always complete our web-based training and view the live training via streaming webcast. Our comprehensive program will cover step-by-step use of the operations manual, proprietary software and all the areas important to your success. Upon completion of the training program, you will work closely with our corporate franchise support team to insure a smooth, efficient store opening. There is no cost for this initial training; however you will be responsible for your own travel, meal, and accommodation expenses when you attend training at our corporate facility. |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives | - |
| Marketing | Co-op advertising, Ad slicks | - |
| Operations |
Number of employees needed to run franchised unit: 2 - 2
Absentee ownership of franchise is allowed. | - |
Expansion Plans |
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| US Expansion | - | - |
| Canada Expansion | No | - |
| International Expansion | 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 The Online Outpost
NO LONGER FRANCHISING