Ableauctions to Franchise Liquidation, Auction Operations

Ableauctions.com Inc. announced that, following the successful licensing of its auction business in British Columbia in 2002, it has initiated a plan to franchise the company's liquidation and auction operations nationally. It has engaged P.E. Parker and Associates Inc. to develop the Ableauctions franchise model.

The company said a key ingredient to its expansion strategy is the development of a smaller version of its revenue model, currently consisting of three distinct segments: the operation of a retail liquidation outlet store, the provision of live auction and Internet broadcasting services, and the resale of large volume surplus inventory to resellers.

Ableauctions intends to complete the development phase of the franchise program in the second quarter of 2005 and begin selling the first two franchises in the third quarter of 2005.

The company realized over $500,000 in consideration from its 2002 licensing agreement with a British Columbia company to sub-license the name "Able Auctions" for the purpose of conducting live auctions in British Columbia.

Source:Auction Bytes

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