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Entrepreneur: Start & Grow Your Business

iSold It LLC

eBay drop-off store

Background

Founded: 2003 Franchising since: 2003
155 S. Hwy. 101, #7
Solana Beach, California 92075
Phone:
(626)739-9200


Franchisor is a privately-held company with 40 employee(s); 5 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2007 182 2 7 1
2006 192 4 3 1
2005 150 2 0 1

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, United states, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming

Exclusive territories available.
Territory size: 2-mile radius

Costs and Fees

Total investment: $105.5K
Franchise fee: $22K
Ongoing royalty fee: 4%
Term of agreement: 10 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee No Yes
Startup Costs No Yes
Equipment No Yes
Inventory No Yes
Accounts Receivable No Yes
Payroll No Yes

Third-party financing source(s): the SBA

Qualifications
Net worth requirement: $100K
Cash liquidity requirement: $30K-50K
Business Experience:
  • General business experience

Operations
  • 50% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 4
  • Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 1 week

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Grand opening
  • Internet
  • Security/safety procedures
  • Field operations/evaluations
  • Purchasing cooperatives

Marketing Support
  • Co-op advertising
  • Ad slicks
  • National media
  • Regional advertising

Rankings

Franchise 500® rank:
#110 (2007); #141 (2006);

Ranked #1 in category in:
2007; 2006;

Fastest-Growing Franchises:
#54 (2007); #30 (2006);

Top New Ranking:
#1 (2007); #5 (2006);

America's Top Global Franchises:
#98 (2007); #181 (2006);