The Quik & The Dead: eBay Store QuikDrop Joins Franchise Graveyard
December 22, 2007 by Sean Kelly
Filed under Business
(FranchisePick.Com) eBay drop-off store and hot new franchise concept QuikDrop has lost its valiant battle with a long-time illness, and has taken its place in the FranchisePick.Com Franchise Graveyard. The QuikDrop memorial will be held graveside in the Seemed Like a Good Idea at the Time Memorial Chapel, with internment following at the eBay drop-off franchise family plot. A Misplaced Trust Fund has been established at FranWorst; Please make a donation (Make checks payable to Richard Quick, Esq.) in lieu of flowers.
QuikDrop Closes eBay Drop-off Store Franchise
By Ina Steiner December 20, 2007QuikDrop is closing its eBay drop-off store franchise business at the end of the month, but franchise stores will be able to continue to use the QuikDrop name, logos, and signage. A conversation with the company’s cofounder Jack Reynolds on Wednesday netted a laundry list of complaints about the challenges of selling on eBay that contributed to his company’s demise, beginning in 2006 with the Stores search and fee changes.
QuikDrop storeowners did not seem surprised at the news of the closure, which arrived via email from QuikDrop headquarters on Friday night – and some actually seemed relieved.
“I think it’s healthy,” said Erik Helgesen, owner of a QuikDrop franchise store on Long Island, New York. Helgesen said his 4-year-old business has been profitable since its second year of operation. He is very happy with his location in a town area across from a train station and said about 90 percent of his business is walk-in traffic. Not having to pay franchise fees will give his business working capital to market his business locally, and, he said, QuikDrop headquarters didn’t do much to help storeowners anyway.
Related Reading:
FRANCHISE GRAVEYARD: EBAY DROPOFF STORES
BLOGLIOGRAPHY: EBAY DROPOFF STORES POSTS
Posts with 200+ Comments:
Is iSoldit a Great Franchise Opportunity?
Is Snappy Auctions a Great Franchise Opportunity?
_______________________________________________________________
Visit FRANBEST: Unbiased franchise information, franchise interviews and detailed, searchable information on 400 franchise opportunities.
Top New Franchise: Who’s hot. Who’s not.
Seanage,
I do not have an accounting background.
{Just ask my accountant}
I do not have an MBA.
{Just ask my accountant}
I do, however, have a sense of reality, when it comes to franchise opportunities. You and I have discussed them fact that there was never enough of a profit margin for these franchisees to have a chance at making this a real business for themselves. Shame on these franchisors for not looking at the numbers, before offering these opps.
More work for us to keep educating, huh?
Joel Libava
I wonder if being defunct will affect QuikDrop’s Entrepreneur magazine rankings. They’ve been an Entrepreneur Top New Franchise for the past two years.
No Quikdrop.
It’s gotta be a 7-11. At least that is what the folks at Entr. mag say.
J
well,if it harm civilians then there should be a issue…else live quietly.