QuikDrop 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.
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