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Snappy Auctions
SNAPPY AUCTIONS is the leading franchisor of eBay Drop off Stores. People simply drop off items they would like to sell through eBay (valued at $50 or more) and Snappy Auctions handles the details. Consigners receive a check (minus a 15% to 37% commission) in about 4 to 6 weeks. Snappy Auctions provides a valuable service to busy people who don't have the time to deal with selling on eBay or people who lack the ability to maximize the value of their items. All sales are consignment based - no inventory or receivables. Snappy Auctions has also introduced a business to business division, which is part of the franchise, called Snappy Sales Solutions (S3) that targets recruiting and selling high dollar capital equipment, excess inventory and depreciated assets for businesses. Low risk, low investment and sound business model targets a very broad market.
Franchisor Background
Year Established:
2003
Franchising Since:
2004
IFA Member
Operating Units:
Franchised Units:
54
91.5%
Company-Owned Units:
5
8.5%
______
_____
Total Operating Units:
59
100%
Geographic Distribution:
U.S.:
59
100%
In 24 States
Canada:
0
0%
In 0 Canadian Provinces
International:
0
0%
In 0 Foreign Countries
______
_____
Total:
59
100%
North America:
States/Provinces with the largest number of operating units:
Density
Units
1. Georgia
8
2. Tennessee
8
3. Florida
7
Registered in Following Registration States:
California, Florida, Hawaii, Indiana, Maryland, Michigan, Minnesota, New York, Rhode Island, South Dakota, Virginia, Wisconsin
Financial Requirements
Investment:
Minimum Net Worth:
$NA
Cash Investment:
$45-75K
Total Investment:
$45-75K
Average Total Investment:
$60K
Fees:
Initial Franchise Fee:
$25K
Average Franchise Fee:
$23K
On-Going Royalty:
2-4%
Average Royalty:
3%
Advertising Fee:
.5%
Average Number of Employees:
1 Full-time, 2-4 Part-time
Space Needs (in square footage):
1,100-1,500
Preferred Sites:
Storefront, Strip Center
Other Sites:
Encourage Conversions?
Yes
Earnings Claims Provided?
No
Listed in the SBA Registry?
No
Support and Training
International Franchise Association:
Yes
Canadian Franchise Association:
No
Franchisee Association/Member:
No
Size of Corporate Staff:
12
Site Selection Assistance?
Yes
Lease Negotiation Assistance?
Yes
Financial Assistance?
N/A
Marketing Support:
Co-Op Advertising:
Yes
National Advertising:
No
Regional Advertising:
Yes
Local Advertising:
Yes
Marketing Materials:
Ad Slicks, Brochures, Catalogs, Coupons/rebates, Direct Mailers, Emails, Promotional Items, Radio Ads, Site Signs, Television Ads, Trade Show Exhibits, Videos
