Auction It TODAY
Yes, we actively support the inclusion and development of minority-owned franchises in the Auction It TODAY system.
Auction It TODAY
10327 E. Grand River Ave., # 402
Brighton, MI 48116
800#: (866) 225-8231
Tel: (810) 225-0555
Fax: (810) 225-8231
E-mail: franchise@auctionittoday.com
Web Site: www.auctionittoday.com
Contact: Mr. Scott Hoose, Exec. Director of Franchising
AUCTION IT TODAY is the eBay drop-off store 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 3 main programs: Full-line retail stores; kiosks (store within an existing retail business; and area developers.
Franchisor Background
Established: 2004
First Franchise: 2005
Franchise Units: 96
Company-Owned Units: 1
Total Units: 97
Distribution:
> North America -- Operations in 9 States
> States/Provinces with Greatest Density: 44 in MI, 4 in IN
Units Owned by Minorities:
>African-American: 1
>Hispanic:
>Asian-American:
>Native American:
>Other: 5 Female
Average Number of Employees: 2-5 FT, 0-3 PT (FT = Full Time, PT = Part Time)
Space Needs: 1,800+ SF; FS, SG, SC
(for abbreviations click here)
Financial Requirements
Cash Investment: $20-60K
Total Investment: $30-100K
Average Total Investment: $65K
Minimum Net Worth: $50K
Fees
>Franchise: $14-18K
>Average Franchise Fee: $16K
>Royalty: 4%/$1,200
>Advertising: $450
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 10/10
Passive Ownership: Discouraged
Area Development Agreements:Yes/5
Sub-Franchising Contracts: Yes
Expand In Territory:Yes
Franchisor Support and Training Provided
Site Selection Assistance:Yes
Lease Negotiation Assistance: Yes
Cooperative Advertising: No
Franchisee Assoc. / Member: No
Size Of Corporate Staff: 10
On-Going Support: a,b,C.d.E.G,h,I (for an explanation click here)
Training: 5 Days Brighton, MI.
Specific Minority Program(s) in Place: Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.
Franchisor's Specific Expansion Plans
U.S.: All United States
Note: NR = No Response by Franchisor.
For a sample questionnaire click here.
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