Business Description

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

Operating Units:
Franchised Units:	54	91.5%
Company-Owned Units:	5	8.5%
Total Operating Units:	59	100.0%
Geographic Distribution: U.S.: 59 100% In 24 States Canada: 0 0% In 0 Canadian Provinces International: 0 0% In 0 Foreign Countries   Total: 59 100.0%

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

Franchisee Qualifications
Ranked from 1 (unimportant) to 5 (important):
Financial Net Worth:	3
General Business Experience:	4
Specific Industry Experience:	2
Formal Education:	3
Psychological Profile:	4
Personal Interview(s):	5
Terms of Contract
Term of Initial Contract:	5 Year(s)
Term of Renewal Period:	20 Year(s)
Passive Ownership:	Allowed, But Discouraged
Area Development Agreements?	Yes, for 1 Year(s)
Sub-Franchising Contracts?	No
Franchisees Allowed to Expand Within Territory?	Yes
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
Additional Services:	Grand Opening, In-house Marketing, Marketing Research, Newsletter, Online Extranet, Press Releases, Sales Strategies
Other Marketing Support:	grassroots and localized marketing efforts for str
On-Going Support:
Central Data Processing:	Included in Fees
Central Purchasing:	Not Applicable
Field Operation Evaluation:	Included in Fees
Field Training:	Included in Fees
Initial Store Opening:	Included in Fees
Inventory Control:	Not Applicable
Franchisee Newsletter:	Included in Fees
Regional or National Meetings:	Included in Fees
800 Telephone Hotline:	Included in Fees
Training:
1. Corporate	5 Days
2. On-Site	5 Days
Expansion Plans
Projected New Units Over Next 12 months: 70 U.S.: Yes, All United States Canada: Yes, ON and BC Overseas: Yes, UK and Australia	Request Franchisor Info   Submit an online form to receive information from Snappy Auctions.   •  Coupons   •  Promotional Items   •  Prospectus