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Entrepreneur: Start & Grow Your Business

Snappy Auctions

eBay consignment outlet/drop-off store

Background

Founded: 2003 Franchising since: 2003
209 10th Ave. S., #417
Nashville, Tennessee 37203
Phone:
(888)490-1820


Franchisor is a privately-held company with 12 employee(s)

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2007 60 0 1 3
2006 64 0 0 3
2005 44 0 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: By demographic density

Costs and Fees

Total investment: $58K-99K
Franchise fee: $25K
Ongoing royalty fee: 2-4%
Term of agreement: 5 years, renewable


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

Qualifications
Net worth requirement: Varies
Cash liquidity requirement: $75K
Business Experience:
  • General business experience
  • Marketing skills

Operations
  • 80% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 3
  • Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 1 week
  • At franchisee's location: 1 week
  • As needed

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

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

Other marketing support
  • PR support

Rankings

Franchise 500® rank:
#309 (2007);

Low-Cost Franchises:
#79 (2007);

Top New Ranking:
#16 (2007);