What happens during the evaluation of a franchise application?
The franchise Director studies and evaluates each application. If your application is accepted, you will receive a questionnaire (survey style) that will allow us to better define your profile.
As for our selection criteria, a typical profile is predetermined according to your standards of work.
What is the duration of a franchise?
A 10 year contract with the possibility of fragmenting the contract into two periods: 5 years + 5 years.
What are the initial investment costs?
While this information cannot be disclosed publicly, one thing is certain: figures and return on investment are worth it! Furthermore, your investment can be financed by the Development Bank over a period of 5 years (during which you repay your loan), and leaves you with a significant profit margin.
In which regions will the first Auction House franchises open?
Ideally, in the outskirts of Montreal to start, but franchisees wishing to open in other regions will need to undergo a 3 month internship to become familiar with the techniques and know-how that will be communicated to them.
In regards to the 3 month training period, can it be reduced to less than 3 months?
This will be on a case by case basis, according to each candidate’s absorption capacity. In some cases, three months would be the maximum term. Training will also include a course given directly in the franchisee’s installation.
What are the advantages to having an Auction House franchise?
First of all, an Auction House franchise is a guarantee to a turnkey project and easy, centralized procurement. In addition, it is also possible to exchange and share lots between franchisees.
Lastly, The Auction House has been enjoying a solid reputation since 1984. Having a franchise under such a banner is synonymous with know-how, solid value, “Made in Quebec”, but also international visibility online.
Must we use The Auction House banner? Can it only be used for The Auction House advertising?
Our brand differentiates us from the other auction houses with its transparent and high quality service. It must therefore be the same throughout Quebec.
What are the existing implementation projects?
A first franchisee, matching our selection criteria, opened in Laval. A second exceptional site on the South Shore of Montreal in Brossard, is under negotiation.