24/7 Auctions vs default Franchise Comparison

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

Start-Up Costs and Fees

  24/7 Auctions default
Investment 60300 - 168200 0 - 0
Franchise Fee 0
Royalty Fee 4%
Advertising Fee
Year Founded 2004 2002
Year Franchised 2005 2003
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements

  24/7 Auctions default
Experience General business experience Marketing skills

Financing Options

  24/7 Auctions default
 
Franchise Fees No No
Start-up Costs No No
Equipment No No
Inventory No No
Receivables No No
Payroll No No

Training & Support

  24/7 Auctions default
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

  24/7 Auctions default
US Expansion
Canada Expansion 0
International Expansion

Start-Up Costs and Fees Mobile

Investment
24/7 Auctions
default
Franchise Fee
24/7 Auctions
default
Royalty Fee
24/7 Auctions 4%
default
Advertising Fee
24/7 Auctions
default
Year Founded
24/7 Auctions 2004
default 2002
Year Franchised
24/7 Auctions 2005
default 2003
Term Of Agreement
24/7 Auctions 5 years
default
Renewal Fee
24/7 Auctions
default


Business Experience Requirements

Experience
24/7 Auctions General business experience Marketing skills
default

Financing Options

 
Franchise Fees
24/7 Auctions No
default No
Start-up Costs
24/7 Auctions
default
Equipment
24/7 Auctions}
default
Inventory
24/7 Auctions
default
Receivables
24/7 Auctions
default
Payroll
24/7 Auctions
default

Training & Support

Training
24/7 Auctions
default
Support
24/7 Auctions Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives
default
Marketing
24/7 Auctions Co-op advertising, Ad slicks
default
Operations
24/7 Auctions Number of employees needed to run franchised unit: 2 - 2 Absentee ownership of franchise is allowed.
default

Expansion Plans

US Expansion
24/7 Auctions
default
Canada Expansion
24/7 Auctions
default 0
International Expansion
24/7 Auctions
default