default vs 24/7 Auctions Franchise Comparison

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

Start-Up Costs and Fees

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


Business Experience Requirements

  default 24/7 Auctions
Experience General business experience Marketing skills

Financing Options

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

Training & Support

  default 24/7 Auctions
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

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

Start-Up Costs and Fees Mobile

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


Business Experience Requirements

Experience
default
24/7 Auctions General business experience Marketing skills

Financing Options

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

Training & Support

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

Expansion Plans

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