Play It Again Sports is a chain of retail stores in the United States that buys and sells new and used sporting equipment. The company began in 1983 in Minneapolis and has since grown to several locations throughout the country. In 1988, it was purchased by the Winmark Corporation. While it’s hard to say just how successful the company is, it has been able to grow from its humble beginnings.
Average Gross Sales of a Play It Again Sports franchise
The average Gross Sales of a Play It Again Sports (r) franchise store are based on the Gross Sales of the previous year. However, average Gross Sales for each individual store may differ based on location. For example, the average Gross Sales for a store in Canada may be lower than that of a store in the United States. The financial performance of a franchised location may differ in other ways as well.
A Play It Again Sports franchise can earn a significant income. It can allow the franchise owner to hire a manager to run the day-to-day operations of the franchised store. The franchisee may also be able to reduce their work hours if they desire.
The company’s success may be attributable to the concept’s ability to attract consumers. The store is able to sell used fitness equipment and sports equipment at deep discounts. This model allows franchisees to provide customers with a range of different fitness equipment at a fraction of the price. Among these products are exercise bands, dumbbells, and fit balls.
A Play It Again Sports franchisee’s total investment may vary from $268300 to $391300, depending on location, territory, and additional fees. The total investment will depend on a variety of factors, including commercial lease rates and labor costs. Franchisees can choose a location that will maximize their potential.
Once financing and leasing have been finalized, the franchisee must attend Play It Again Sports‘ Concept Training. This training takes up to five days and covers everything from site selection to marketing and sales. Franchisees also receive periodic visits from the franchisor for sales training. After the training, the franchisee can start the store operations.
The company began franchising Play It Again Sports stores in 1991 and entered joint venture agreements in the United Kingdom and Mexico in 1993. However, the company pulled out of the Mexican market at the end of 1994 and closed its two corporate-owned stores there. The company also experienced significant losses in its German venture, although franchised stores continued to operate.
The financial performance of Play It Again Sports stores in Canada is similar to those of its counterparts in the U.S. However, some stores have not been operational for the 12-month period ending on December 26, 2020. As a result, their financials are not audited. Play It Again Sports franchisees can choose to utilize the services of a preferred marketing vendor to help them market their stores and generate a higher return on investment.