Comparing eBay franchising programs
iSold it (as they say) is #1 eBay seller. They managed to combine traditional and on-line drop-off selling business. You can bring them the things for sale and they will do all the rest – picture, list on eBay, control and after selling they will send you a check.
If you plan to join the iSold It Franchise Network you need to think over the following information.
Advantages:
- Use national brand (there are more than 900 companies in the chain), wide advertising and public relations;
- Use special (tested) software
- Get help from real estate brokers;
- Easier get SBA loan as the company was approved by the Franchise Registry program.
Costs:
- $85,500 for a fully operational store, plus working capital;
- Minimum 1,200 to 1,500 square feet;
- Minimum 15 feet of frontage;
- Located in a highly visible strip center;
- Co-tenants include grocery and national chains;
- Easily accessible with parking at the storefront.
Under the iSold it Franchise Program a franchisee also has to pay a monthly royalty 4% of the total sales (not gross or net profit). It means that there can be a situation when you have no profit at all but will still pay 4% from the price of every unit sold.
NuMarkets Franchise Program
The idea is almost the same with some inessential differences. For example, they say that vast majority of each transaction is handled by corporate not at the store level.
What about requirements? Here they are:
- a minimum of 2,200 Square Feet.
- franchise Fees are $20,000.
- franchisees are required to pay an additional $87,000 which includes such things as build-out, training, opening marketing, software, etc.
- royalty fees are 6% of Gross Revenue
According to company’s website one of the main advantages is their software called QuikFlow.
Minimum available cash is $80,000 - $100,000 to open. These sum includes the franchise fee of $25,000 and the QuikFlow software license fee of $4,995.
Also you need to take into consideration that it’s necessary to follow their guidelines strictly to set up your store.
The royalty fees vary depending on your store.
June 12th, 2006 at 8:36 am
[…] I found the information on two more eBay franchises. In my previous posts I described iSold, NuMarkets Franchise Program, QuickDrop Franchise Program and Ebay Drop Off Stores. […]