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Franchise Picks
Auction It TODAY
 

Auction It TODAY is the eBay drop-off store franchise built on trust, integrity and maintaining the entrepreneurial spirit of our franchisees. Our fees are highly competitive, allowing many people the opportunity to own their own business. Our franchise support is unparalleled and we offer our franchisees all of the tools necessary to own a successful business. We have three main programs. Full-line retail stores, kiosks (store within an existing retail business) and Area Developers.

Franchisor Background

Year Established:

  2004

Franchising Since:

  2005

Operating Units:

Franchised Units:96 99%  
Company-Owned Units:1 1%  
 ______ _____  
Total Operating Units:97 100%  
 

Geographic Distribution:

U.S.:82 100% In 9 States
Canada:0 0% In 0 Canadian Provinces
International:0 0% In 0 Foreign Countries
 ______ _____  
Total:82 100%  
 

North America:

States/Provinces with the largest number of operating units:
DensityUnits    
1. Indiana4
2. Michigan44

Registered in Following Registration States:

  

Financial Requirements

Investment:

Minimum Net Worth:$50K
Cash Investment:$20-60K
Total Investment:$30-100K
Average Total Investment:$65K
 

Fees:

Initial Franchise Fee:$14-18K
Average Franchise Fee:$16K
On-Going Royalty:4% or $1,200
Average Royalty:4%
Advertising Fee:$450

Average Number of Employees:

   2-5 Full-time, 0-3 Part-time

Space Needs (in square footage):

   1,800

Preferred Sites:

   Free-standing Building, Storefront

Other Sites:

  

Encourage Conversions?

   Not Applicable

Earnings Claims Provided?

   No

Listed in the SBA Registry?

   No

Support and Training

International Franchise Association:No
Canadian Franchise Association:No
Franchisee Association/Member:No
Size of Corporate Staff:10
Site Selection Assistance?Yes
Lease Negotiation Assistance?Yes
Financial Assistance?No
 

Marketing Support:

Co-Op Advertising:No
National Advertising:No
Regional Advertising:No
Local Advertising:No
Marketing Materials:None Specified
Additional Services:None Specified
Other Marketing Support:None Specified
 

On-Going Support:

Central Data Processing:At Additional Cost
Central Purchasing:At Additional Cost
Field Operation Evaluation:Included in Fees
Field Training:At Additional Cost
Initial Store Opening:Included in Fees
Inventory Control:Not Applicable
Franchisee Newsletter:Included in Fees
Regional or National Meetings:At Additional Cost
800 Telephone Hotline:Included in Fees
 

Training:

1. Brighton, MI5 Days
 

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):
 
Financial Net Worth:3
General Business Experience:3
Specific Industry Experience:3
Formal Education:3
Psychological Profile:3
Personal Interview(s):3

Minority Representation

Units Owned by Minorities:

African-American:1
Asian-American:N/A
Hispanic:N/A
Native American:N/A
Other:5 Female
Specific Minority:Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.

Terms of Contract

Term of Initial Contract:10 Year(s)
Term of Renewal Period:10 Year(s)
Passive Ownership:Allowed, But Discouraged
Area Development Agreements?Yes, for 5 Year(s)
Sub-Franchising Contracts?Yes
Franchisees Allowed to Expand Within Territory?Yes

Expansion Plans

Projected New Units Over Next 12 months:

   NR
U.S.:Yes, All United States
Canada:No
Overseas:No
 
 
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