EzLane Auto Auctions franchise
2023 filing · February 12, 2023Shares sales figures
EzLane Auto Auctions at a glance
An online auto auction business serving new and used car dealers in its territory. At the end of 2022 there were 1 EzLane Auto Auctions locations in the US, all company-owned.
The business
- Industry
- Business services
- Franchisor
- EzLane Auto Auctions Inc
- The company that sells the franchises
- Franchisor based in
- Naples, Florida
What you pay
- Cost to open
- $118K–$249K
- Fee, build-out and opening working capital
- Franchise fee
- $75,000
- Paid once, when you sign
- Royalty
- 15% + 10% tech
- 15% of adjusted gross revenues plus a 10% technology fee, calculated twice a month
- Renewal fee
- $0
- When the agreement ends and you sign again
- Agreement length
- 10 years
- Territory
- Protected
- Protected territory
- Franchisor financing
- None offered
Where it is
- US locations, 2022
- 1
- Franchised and company-owned
- Franchised
- 0
- Company-owned
- 1
- Change in 3 years
- 0
- Franchised locations, 2020–2022
From EzLane Auto Auctions Inc’s 2023 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
EzLane Auto Auctions among all franchises with the same figure.
| Figure | EzLane Auto Auctions | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $183,625 | Costs less than 72% of franchises |
| Franchise feePaid once, when you sign | $75,000 | Higher than 95% of franchises |
| RoyaltyShare of sales paid to the franchisor | 15% | Higher than 98% of brands with a set rate |
| US locationsFranchised and company-owned | 1 | Fewer than 88% of franchises |
How much a EzLane Auto Auctions franchise costs
Opening one EzLane Auto Auctions costs an estimated $118,425 to $248,825. That covers the franchise fee and everything else needed to open, through the first months of working capital.
The biggest costs are initial franchise fee ($75,000) and payroll ($26,000 to $65,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Initial Franchise Fee | $75,000 | ||
| Business License | $50 | $1,000 | |
| Travel and Living Expenses for Initial Training | $1,500 | $4,000 | |
| Furniture and Equipment | $0 | $2,000 | |
| Computer Hardware/Software/Smartphone + Scan Tool | $550 | $2,000 | |
| Dealer Plates | $4,000 | ||
| Office Rent | $0 | $12,000 | |
| Vehicle | $0 | $5,000 | |
| Payroll | $26,000 | $65,000 | |
| Benefits | $0 | $15,000 | |
| Insurance | $325 | $825 | |
| Professional Fees | $1,000 | $3,000 | |
| Additional Funds-90 days | $10,000 | $60,000 | |
| Total | $118,425 | $248,825 | |
Source: EzLane Auto Auctions Inc, 2023 filing, page 12
EzLane Auto Auctions franchise fee
The franchise fee is $75,000. You pay it when you sign the franchise agreement.
Source: EzLane Auto Auctions Inc, 2023 filing, page 9
Royalty and ongoing fees
| Royalty | 15% of adjusted gross revenues plus a 10% technology fee, calculated twice a month. |
|---|---|
| Technology Fee | 10% of Adjusted Gross Revenues |
| Renewal Fee | $0 |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: EzLane Auto Auctions Inc, 2023 filing, page 10
Other fees as filed, from page 10. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures EzLane Auto Auctions publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
Source: EzLane Auto Auctions Inc, 2023 filing, page 31
How EzLane Auto Auctions compares
Of the 324 business services franchises on this site, EzLane Auto Auctions is the 234th cheapest to open and the 266th largest by number of locations.
| Figure | EzLane Auto Auctions | Typical business services brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $118K | $77K | $222K |
| Cost to open, high end | $249K | $136K | $477K |
| Franchise fee | $75K | $45K | $40K |
| Royalty | 15% | 7% | 6% |
| US locations | 1 | 32 | 21 |
| Shares earnings figures | Yes | 187 of 324 | 2,147 of 3,352 |
Typical is the median across the 324 brands in business services franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2020 | 0 (0) | 1 | 0 | 0 |
| 2021 | 0 (0) | 1 | 0 | 0 |
| 2022 | 0 (0) | 1 | 0 | 0 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: franchise failure rates.
Source: EzLane Auto Auctions Inc, 2023 filing, page 34
Who owns EzLane Auto Auctions?
EzLane Auto Auctions franchises are sold by EzLane Auto Auctions Inc. Its filing names no parent company.
From EzLane Auto Auctions Inc’s 2023 filing, page 8.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | None. The filing says no litigation has to be disclosed. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: EzLane Auto Auctions Inc, 2023 filing, litigation on page 9, bankruptcy on page 9
EzLane Auto Auctions filings
The figures on this page come from EzLane Auto Auctions Inc’s 2023 filing, issued February 12, 2023, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2023 filing | February 12, 2023 | NASAA depository | Costs, fees and locations, 2020–2022 |
Each link opens the filing as a PDF. See the newest filings across all brands.
