Did You Know?
- Play It Again Sports has been featured in local media outlets such as ABC, CW, and NBC. They were even featured in Good Morning America.
- Their average quartile sales are $1,701,390.
- In 2019, they were part of Entrepreneur’s Franchise 500. Plus, they were in the Franchise Times Top 200+. Forbes even hailed them as one of the Best Small Companies in 2014.
Why a play it again sports franchise?
We partner with franchisees who are passionate about sports in their community and can regularly engage with customers. With nearly 300 Play It Again Sports locations in North America, we are the largest new and used sports retailer on the continent.
Is play it again Sports owned by Winmark?
Play It Again Sports is owned by Winmark (formerly Grow Biz), which also franchises Music Go Round, Once Upon A Child, Style Encore and Plato's Closet.
Is play it again sports a recession proof business opportunity?
Since 1983, Play It Again Sports has expanded to nearly 300 locations throughout North America and has become a major player in the sports retail industry. There are lots of markets available for this recession-proof business opportunity.
Who is play it again sports?
Over those years, Winmark used the Play It Again Sports brand to pioneer it's "ultra-high-value” retail niche that continues to serve a pivotal role in communities all over North America. Interested in learning more about Play It Again Sports and the brand’s continued success nationwide?
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Do franchises make a lot of money?
Buying a franchise might seem like easy money, but those royalties and fees will quickly cut into profit margins. The majority of franchise owners earn less than $50,000 per year.
How much do franchises make annually?
When researchers accounted for the inflations caused by the few top franchises, it was established that the average annual income of 51 percent of franchisees is less than 50,000 dollars. The study also found that only 7 percent of franchise owners earn over 250,000 dollars a year.
How much can you make running a franchise?
Our research shows that 37 percent of food franchise owners earn less than $50,000 per year, and just 16 percent – the “top performers” – earn more than $200,000 per year. The average annual income reported by all food and beverage operators that we surveyed is $120,000 for businesses open at least two years.
How many Play It Again Sports locations are there?
Franchising began in the same year, growing to over 400 stores in the United States and 43 in Canada. All stores are independently owned and operated. Play It Again Sports, Inc....Play It Again Sports.HeadquartersMinneapolis, Minnesota, U.S.ParentWinmark CorporationWebsitewww.playitagainsports.com6 more rows
How often do franchises fail?
A five-year study by the franchise consulting firm FranNet reported that 92 percent of their franchise placements were still in business after two years and 85 percent after five years. Because yes, sometimes franchise businesses can rise and fall like independently owned companies.
What is the most profitable franchise to own in 2022?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
Which franchise owners make the most money?
What is the most profitable franchise to own? According to the Franchise 500 list of 2021, Taco Bell is the most profitable franchise to own. The food chain has been franchising for nearly 6 decades and is still seeking franchises worldwide. As of 2021, they have 7,567 open units.
Do franchise owners make good money?
Franchise Business Review found that the average annual pre-tax income of franchise owners in America is $80,000. Only 7% of franchise owners make more than $250,000 annually, and 51% earn less than $50,000. Legally, franchisors cannot give income amounts or forecasts of future income.
How many hours do franchise owners work?
Owning a franchise unit can be demanding, requiring work of 60 to 70 hours a week, but owners have the satisfaction of knowing that their business's success is a result of their own hard work. Some people look for franchise opportunities that are less demanding and may only require a part-time commitment.
How much does an owner of Play It Again Sports make?
Play It Again Sports Franchise Owners earn $80,000 annually, or $38 per hour, which is 29% higher than the national average for all Franchise Owners at $60,000 annually and 19% higher than the national salary average for all working Americans.
Who is Play It Again Sports owned by?
Winmark CorporationFounded in 1983 in Minneapolis, Minnesota, Play It Again Sports is a unique retail concept owned by Winmark Corporation, leaders in the retail reselling franchise market.
How long has Play It Again Sports been in business?
Changing the Sports Retail Industry Since 1983. Play It Again Sports was first founded in 1983 and quickly became the flagship franchise brand for the company that would come to be known as Winmark®.
How much do 7 Eleven franchise owners make?
Salary Details for a Franchise Owner at 7-Eleven The estimated base pay is $81,982 per year. The estimated additional pay is $58,226 per year.
How much money does a chick fil a franchise owner make a year?
Chick-Fil-A Franchise Owner Salary Owners make $200,000 to $240,000 per year on average after considering annual fees. Chick-fil-A restaurants produce around $5.3 million in annual sales on average so between 5% – 7% of total sales will hit the bottom line after expenses.
What franchise owners make the most money?
What is the most profitable franchise to own? According to the Franchise 500 list of 2021, Taco Bell is the most profitable franchise to own. The food chain has been franchising for nearly 6 decades and is still seeking franchises worldwide. As of 2021, they have 7,567 open units.
Is a franchise a good investment?
If you're a fledgling entrepreneur or a seasoned business person wanting to diversify your holdings, you've probably wondered, “Are franchises a good investment?” The simple answer is yes, especially if a great opportunity presents itself. There is an obvious appeal to starting a business via buying a franchise.
Why is Play It Again Sports an ecommerce site?
Offering an ecommerce site for Play It Again Sports allows franchisees to widen their reach and attract customers from all over the country. The service provides an additional revenue stream for franchisees and a universal shopping cart for their customers.
How many Play It Again stores are there?
There were 258 franchised Play It Again Sports Stores which had been in operation by the same franchisee or owners for the 12-month period ended December 28, 2019. Only 257 of the 258 Stores are reflected in the average, however, because one Store was temporarily closed for several months.
When did Sandy Fortin start Play It Again?
13. Sandy Fortin purchased his first Play It Again Sports in Lakeland in December 1993 after a career in the Belk department store chain, which he joined right after graduation from Lakeland High School in 1964. That first store, initially in the nearby Southgate Shopping Center, was an immediate hit, selling more than $1 million in its first year, he said. That was unheard of in the Play It Again Sports chain for a first-year store, Fortin added.
How many people will buy online in 2021?
3. The digital consumer trend is growing. Nearly two billion people made a purchase online in 2019. By 2021, over 2.14 billion people are expected to make an online purchase. One of the driving factors behind the booming digital marketplace is the value consumers see in finding exactly what they are looking for after just a few clicks. Sixty-two percent of shoppers cite this benefit as a reason they shop online.
What is the financial performance representation entitled?
The following is a financial performance representation entitled “Unaudited Statement of Average Annual Sales and Gross Profit.” The gross profit figures do reflect the cost of sales but do not reflect the operating expenses that must be deducted from the gross profit figures to obtain your net income or profit.
When did Fortin sell his stores?
15. Fortin began selling off those stores in 2011 in anticipation of his retirement. He also became busy with other business ventures, including becoming a founding member on the board of directors of the former Community Southern Bank in 2006 and holding various leadership posts for the Florida Retail Federation in Tallahassee, the industry’s trade group.
Is Play It Again Sports a Winmark brand?
20. Over the next few decades, Play It Again Sports grew around the United States, and later expanded into Canada. Play It Again Sports is now the biggest franchise in the Winmark family, which also includes Style Encore, Plato’s Closet, Once Upon A Child, and Music Go Round. While Play It Again Sports sells used goods, about 70% of the products that come in are almost brand new.
Who founded Play It Again Sports?
13. Play It Again Sports was founded in 1983 by Martha Morris in Uptown, Minneapolis. Morris recognized that there was a need to resell used sporting goods as most equipment lasts much longer than its participants, especially in youth sports. Over the next few years, Morris opened up a few more stores and in 1988, she sold Play It Again Sports to the Winmark Corporation – this was Winmark’s first resale brand.
What is the financial performance representation entitled?
The following is a financial performance representation entitled “Unaudited Statement of Average Annual Sales and Gross Profit.” The gross profit figures do reflect the cost of sales but do not reflect the operating expenses that must be deducted from the gross profit figures to obtain your net income or profit.
Is Play It Again Sports a lockdown?
1. In late April 2020, about a month after many states implemented COVID-19 lockdown restrictions, Winmark, parent company of Play It Again Sports, reported that Play It Again Sports franchisees were thriving as they helped keep customers active at home. Winmark said that a number of Play It Again Sports franchisees saw their business increase as consumers brought exercise equipment into their own homes.
Background
Steps to Ownership Acquiring Your Play It Again Sports? Franchise Becoming a franchisee is a big decision and requires careful consideration by all parties before the partnership is cemented.
Company Details
Established: 1983 First Unit Franchised: 1988 Franchised Units: 280 Company Owned Units: 0 States Registered In: All Canada Franchises: Yes International Franchises: No
Support and Training Offered By Play It Again Sports
Financial Assistance Provided: Yes Site Selection Assistance: No Lease Negotiation Assistance: No Recruiting Assistance: NA Co-Operative Advertising: Yes Training: Winmark conducts its 2-part training program at Winmark's training center in Minneapolis. The training program is typically offered 11 times per year.
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Investment Requirements (USD)
Appropriate capitalization is a critical factor in the success of any business. Play It Again Sports expects franchise candidates to have an approximate investment of $300,000 to $350,000 to open a store. However, this investment will vary depending on the market and other factors.
Play It Again Sports Store Sales, Gross Margins, and Customer Information
Need a bird's-eye view of what our Play It Again Sports franchise stores look like? Below, see some quick facts about our customers, our retail spaces, our inventory, and more.
When was Play It Again Sports founded?
Changing the Sports Retail Industry Since 1983 . Play It Again Sports was first founded in 1983 and quickly became the flagship franchise brand for the company that would come to be known as Winmark®. Over those years, Winmark used the Play It Again Sports brand to pioneer it's "ultra-high-value” retail niche that continues to serve ...
How many Play It Again locations are there in the US?
With nearly 300 Play It Again Sports locations in North America, we are the largest new and used sports retailer on the continent. With that clout and visibility in the marketplace, we continue to push the Play It Again Sports brand into new territory by partnering with franchisees who are enthusiastic about sports and are ready to build a successful community business doing what they love.
What is Play It Again franchise?
Play It Again Sports franchisees are trained to buy, sell, and trade sports and fitness equipment that constantly refreshes and invigorates their inventory and offers the industry's top brands, with the widest selections in used and new, all at a remarkable price point.
Who is Play It Again Sports?
Play It Again Sports is the largest reseller of used and new sports gear and equipment in the world, and we are looking for entrepreneurs like you to help us grow our top-rated franchise sporting goods brand!
Can you outgrow your favorite sports?
You may never outgrow your favorite sports — but you may outgrow your equipment. Your locally owned Play It Again Sports provides an easy way to sell your quality used sports and fitness gear and get paid on the spot, or trade up for what you need now.