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Home > Franchises > ISold It
ISold It
A franchise agreement takes place when the concerned parties involved are bound together through certain contractual provisions. This is an arrangement whereby someone with an idea for a business, the franchisor, sells to another person the franchisee the rights to use the business's name, sell a product, or provide a service to someone else. A franchise agreement will usually specify the given territory the franchisee retains exclusive control over the area protection, as well as the extent to which the franchisee will be supported by the franchisor.
ISold It was founded in 2003 and started franchising. ISold It was founded so that everyone from individuals, to businesses to fundraising organizations could have an easy way to sell merchandise on eBay. When their first ISold It location in Pasadena, California, it quickly became America’s highest volume eBay drop off store. Their team of experienced eBay sellers handles all components of your transaction from photography, to copywriting, to shipping and handling, on site so you can be sure your item will be listed with care by individuals you can trust.
In addition, they offer low commissions, low minimum item values and first-rate customer service giving you even more reasons to be passionate about their service. The costs and fees include total investment of $105500, franchise fee is $22000, ongoing royalty fee is 4 percent and Term of agreement is 10 years, renewable, Renewal fee is 50 percent of current fee. The company’s ranking in Franchise 500 is 141 in 2006, ranked 1 in category in 2006, and in Fastest Growing Franchises ranked 30 in 2006, in Top New Ranking 5 in 2006, in America's Top Global Franchises ranked 181 in 2006.
They are an original franchise concept that offers customers a simple and effortless way to sell their items online. This exclusive approach to online retailing gives customers a clicks and mortar store where they can drop off merchandise that they would like to liquidate online. Their promise to their customers has helped ISold It to grow rapidly into a chain of several hundred eBay drop-off stores. At present, with over 900 franchise stores under contract, ISold It has quickly become America’s favorite Drop-off store.
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