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Below is an in-depth analysis and side-by-side comparison of 24/7 Auctions vs The eYardsale.com 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 | $4,000 |
Franchise Fee | $15,000 | $3,000 |
Royalty Fee | 4% | 6% |
Advertising Fee | - | - |
Year Founded | 2004 | 2005 |
Year Franchised | 2005 | 2005 |
Term Of Agreement | 5 years | 10 years |
Term Of Agreement | 5 years | 10 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 | - | * Available at headquarters: 5 days * Sales boot camps, ongoing support |
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. | * Franchise can be run from home * Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | No | - |
International Expansion | Yes | Yes |
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.
NO LONGER FRANCHISING