Start-Up Costs and Fees |
||
| 24/7 Auctions | QuikDrop | |
| Investment | 60300 - 168200 | 80000 - 80000 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 4% | $1.8K/mo. |
| Advertising Fee | ||
| Year Founded | 2004 | 2003 |
| Year Franchised | 2005 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| 24/7 Auctions | QuikDrop | |
| Experience | General business experience Marketing skills | General business experience |
Financing Options |
||
| 24/7 Auctions | QuikDrop | |
| 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 | QuikDrop | |
| 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, National media, Regional advertising |
| Operations | Number of employees needed to run franchised unit: 2 - 2 Absentee ownership of franchise is allowed. | 80% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
| 24/7 Auctions | QuikDrop | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| 24/7 Auctions | |
| QuikDrop | |
| Franchise Fee | |
| 24/7 Auctions | |
| QuikDrop | |
| Royalty Fee | |
| 24/7 Auctions | 4% |
| QuikDrop | $1.8K/mo. |
| Advertising Fee | |
| 24/7 Auctions | |
| QuikDrop | |
| Year Founded | |
| 24/7 Auctions | 2004 |
| QuikDrop | 2003 |
| Year Franchised | |
| 24/7 Auctions | 2005 |
| QuikDrop | 2003 |
| Term Of Agreement | |
| 24/7 Auctions | 5 years |
| QuikDrop | 15 years |
| Renewal Fee | |
| 24/7 Auctions | |
| QuikDrop | $2.5K |
Business Experience Requirements |
|
| Experience | |
| 24/7 Auctions | General business experience Marketing skills |
| QuikDrop | General business experience |
Financing Options |
|
| Franchise Fees | |
| 24/7 Auctions | No |
| QuikDrop | No |
| Start-up Costs | |
| 24/7 Auctions | |
| QuikDrop | |
| Equipment | |
| 24/7 Auctions} | |
| QuikDrop | |
| Inventory | |
| 24/7 Auctions | |
| QuikDrop | |
| Receivables | |
| 24/7 Auctions | |
| QuikDrop | |
| Payroll | |
| 24/7 Auctions | |
| QuikDrop | |
Training & Support |
|
| Training | |
| 24/7 Auctions | |
| QuikDrop | |
| Support | |
| 24/7 Auctions | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
| QuikDrop | Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| 24/7 Auctions | Co-op advertising, Ad slicks |
| QuikDrop | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| 24/7 Auctions | Number of employees needed to run franchised unit: 2 - 2 Absentee ownership of franchise is allowed. |
| QuikDrop | 80% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| 24/7 Auctions | |
| QuikDrop | |
| Canada Expansion | |
| 24/7 Auctions | |
| QuikDrop | |
| International Expansion | |
| 24/7 Auctions | |
| QuikDrop | |