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Updated Recently24/7 Auctions vs Global Garage Sale Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of 24/7 Auctions vs Global Garage Sale 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 | - | - |
| 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 | - | Yes |
| 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 Global Garage Sale
Global Garage Sale eBay drop-off stores specialize in online consignment services for businesses, individuals, and non-profit groups. The original store opened in Winooski, Vermont in December, 2003 to help people sell their quality merchandise in the eBay marketplace. Global Garage Sale makes it easy by doing all the work and sending the seller a check in the mail.Global Garage Sale was cofounded by Peter Becker and Erik Holcomb in December, 2003. Peter and Erik had both recently finished their landscaping seasons, and were pondering what the future had in store. They were buying and selling on eBay just for fun when a mutual friend stopped by one day and asked them to sell some musical equipment for him. He offered them a percentage of the sales, and after several successful eBay listings and a few dollars in their pockets the idea was born.Global Garage Sale was started with a $400 investment and a $10 ad in The Seven Days local weekly newspaper. That first spring and summer every weekend was spent at garage sales searching for items to sell on eBay. Sales and advertising steadily increased, and by the fall of 2004 they had enough people coming through the door to keep them busy around the clock. The Company has now sold millions of dollars worth of merchandise on eBay, and runs one of the largest drop-off stores in the country. In 2008 alone, the Company sent over $250,000 worth of checks to Vermont sellers. The first Global Garage Sale employee, Hunter Hard, was hired in February, 2005 to write auctions and perform client intakes, and a second employee was added in April, 2005 to pack and ship boxes. Over the years the Company has fine tuned their consignment system, streamlined store operations, and developed a custom software program.