Comments on: Local I Sold it On Ebay store vacates, business model in pricey strip mall still suspect

By: brett

brett — Thu, 23 Oct 2008 01:16:10 +0000

I had listed a very expensive turkish silk rug my grama gave me to pay for my wedding it sold and then they told me i would have to wait four weeks to six weeks max for my 3,900 being my sixty percent other than the forty they took for their fee i was fine with them making that much off of it cuz i need the money really bad. so i planned the wedding and now its been three weeks after i was supposed to get paid and the wedding is scheduled for friday and i cant afford it . i have called all three stores in the area and left a massage and email every day for the past three weeks and still no response. im so screwed i just wish they would call me and let me know what their doing. brett_life [at] yahoo (dot) com please contact me with any advice

By: Rachael

Rachael — Sun, 31 Aug 2008 17:52:42 +0000

Oh I have been ripped off my my local I sold it store and I’m hoping to take some legal action against them. I sold three items there LAST MARCH and I still have not been paid for them. The local store is now closed and was “moving to a new location.” I have contacted the BBB to officially file a complaint, but nothing can be done because the owner of the store was not returning their phone calls or picking up the certified letters that both myself and BBB have sent. I’ve contacted the franchise several times and get the same line of crap every time, “each store is independently owned and operated. . . blah, blah, blah.” Do NOT sell anything here!!!!!

By: ken

ken — Wed, 16 Apr 2008 05:34:13 +0000

These iSoldIt Ebay drop off stores are dropping like flies! Two that opened in my area both closed after about 6-8 months. It really is NOT a good business model long term. As a matter of fact it is one of the biggest Franchise Scams I’ve ever seen. Sure some are still doing business but I suspect MOST have failed. Why would anyone need to pay a Franchise fee for an ebay drop off business is a mystery to me.

By: Leanne

Leanne — Tue, 11 Mar 2008 05:40:59 +0000

Quick question, I am looking at a store that in it’s first year was in the black, which for any retail store in their first year is a good sign. However, I am curious about what everyone here has posted. It sounds as if one was just dropped and others have made terrible business decisions, just because you buy a business doesn’t mean you a smart business person. Does anyone have a more realistic positive experience with a store that has been run by a quality business person?

By: RichardB

RichardB — Sat, 05 Jan 2008 19:10:50 +0000

I’m entering a lawsuit against a former owner of the I sold it location in Wixom, Michigan. It was my first experience with using an agent to handle a eBay sale. It was similar to the Lake Zurich situation. My item was sold online and I was told to expect payment within 4 weeks. I visited the store only to find it closed.I attempted calling the store phone number after that time and only got an answering machine whose message said that questions about outstanding payments should be sent to an email address. I sent several emails with no response of any kind. Finally my inquiries were returned as undeliverable because the mailbox was full. I also discovered that the itme I dropped off was sold under the owner’s private account so eBay could not help since my name was not showing as seller or buyer. After investigating I found the name and address of the owner and have had my lawyer send a letter requesting payment. If there is no response to that I will file a police report and pursue him in civil court. I have, however, dealt with the I sold it in Ann Arbor and have found them to be very helpful and sold several items with no problems.

By: Russ

Russ — Sat, 10 Nov 2007 23:26:26 +0000

Fascinating happenings in the drop off store world these days. As a long time eBay seller myself, I had no doubt that there would be a huge shakeout in this business. Too much sizzle, and too little steak.

TDavid,

That store, (er, former store), you pictured is in my area and, as far as I know, they did not move or open in Auburn and/or Federal Way.

By: Mary Ann Sokola

Mary Ann Sokola — Wed, 24 Oct 2007 17:07:28 +0000

Before moving to PA in 2005 my husband sold things at I Sold It in Lake Zurich, IL. He didn’t have any problems and received his checks in a timely manner. My son brought things to the same store in May 2007 and it has been a completely different experience for him. All of his items sold by June 15 and he was told that he would receive a check for $384 in
4 weeks. He still hasn’t received a check despite calling every other week since late August. His last call was 10/20 and the phone had been disconnected.

Does anyone know what is happening with the Lake Zurich, IL I Sold It?

Mary Ann Sokola - Perkasie, PA

By: Elizabeth Freshour

Elizabeth Freshour — Fri, 19 Oct 2007 00:39:44 +0000

I took several things from my business to the I Sold It Store in Lake Zurich, IL. One item sold in July for $200.00. I had asked and asked for the money and got a run around. Now I find that they’ve posted a sign on their old location saying they moved but guess what? They didn’t give a new address. Go figure. So now I’m not only out my $200.00 but I have no idea if they’ve actually thrown away my other items or if they’ve sold them.

Anyone having any connection to the people that owned and/or ran the store in Lake Zurich, IL please feel free to contact me. I smell lawsuit. And yes, I know it will cost more for attorney’s fee’s etc. but it’s now become the principle of the matter.

Elizabeth Freshour - Lake Zurich, IL

By: Bob

Bob — Fri, 21 Sep 2007 16:41:05 +0000

TDavid, I thought about Isoldit back in Aug of 05 and and was amazed at how quickly they said they were growing with new franchises every day on their site. I was doing ebay part time and making very good money–mainly due to the fact I have a good eye for what sells. Profit was great because I was mainly getting stuff out of the dumpsters!

Anyway, having been in the retail biz previously, I, too was amazed at the business model. Didn’t make a bit of sense for me to open one on my own, much less pay a franchise fee! Anybody who purchases one of these is a definite idiot and needs to be parted with their money. Only way for you to survive is to buy and resell your own items. Even that’s not foolproof either.

Bob

By: Dave

Dave — Thu, 28 Jun 2007 02:39:24 +0000

I briefly was Manager of an ISoldit location. It was one of three that had been opened by the same entrepreneur. Within one year of opening, the store was for sale. Because I thought about “buying my own job”, I looked at the books as a prospective purchaser. In fact, this location was getting eaten up by the lease payments. There was no logical way that the store could carry that payment on its eBay model alone. Shortly thereafter, there was only one remaining employee at that location and it wasn’t me. The entrepreneur then changed the business model to include purchasing pallet lots and using the store staff to sell their own goods on eBay as well as the drop off merchandise. I can’t say for certain how it’s doing but it is still open in its premier retail location. I couldn’t see paying premium rates for what is essentially a second-hand merchandise store.