Part 1 – Statement of Average Gross Sales and Gross Profit of 265 Franchised Play It Again Sports Stores for the Fiscal Year Ended December 26, 2020
- Number of Stores Reported: 29
- Number and Percentage of Stores Attaining or Exceeding Average Gross Sales: 10/34%
- Number and Percentage of Stores Attaining or Exceeding Average Gross Profit: 10/34%
- 2020 Average Gross Sales: $794,531
- 2020 Median Gross Sales: $698,051
- 2020 Average Gross Profit: $413,483
- 2020 Median Gross Profit: $389,722
- Average Gross Profit Percentage: 52.04%
Full Answer
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.
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 much does it cost to open a academy sports?
Facts & FiguresLiquid capital required$25,000Net worth required$50,000Investment$8,500 - $28,050Franchise fee$3,000 - $10,000Offers FinancingYes
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 does a Kiddie Academy owner make?
It's one of the main reasons our franchisees are so successful." Kiddie Academy reported average gross revenue of $1.7 million in 2019 from 179 mature locations, those open for two years or more, with an average gross profit of $454,668.
What do you need to start a sports academy?
How To Start A Sports Academy In South AfricaQualifications. First of all, you're going to need to be qualified if you want to be taken seriously and offer viable sporting advice.Pick a discipline. ... Do your research.Branding.Register.Find a venue.Coaches and athletes.Equipment.
How can I start sports academy?
Name Approval Application to Registrar of Companies....Requirements for Incorporation of Section 8 company :Required Minimum two Directors.Required Minimum two Shareholders/Members.PAN, Aadhar Card and Latest Bank Statement Copy of All the Directors and Members.Work Proposed to be done, Grounds on which work will be done.More items...•
Does Play It Again Sports sell new?
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. Not only will you save with affordable used gear, but we also supply the latest new equipment and accessories from the most popular brands.
Can you make offers at Play It Again Sports?
We are always looking for more used sports and fitness equipment so please bring your gear in today so we can make you an offer!
How much does a Play It Again Sports franchise make?
Franchise revenue depends on a wide range of factors, as does profit. How much money you can make from any franchise depends on a number of specific factors such as franchise location, labor costs, commercial lease rates and a number of other factors. Unlock this franchise for franchise-specific data and insight.
How many franchise locations do they have?
As of the 2019 Franchise Disclosure Document, there are 281 franchised Play It Again Sports locations in the USA.
Do they have computer and technology support in place?
Yes. Play It Again Sports offers comprehensive support for franchisees. Unlock this franchise to find out more details.
Do they offer financing support?
Yes, you can also click here to fill out our affordability calculator and understand your financing options.
How many states are Play It Again Sports in?
Based on 2019 FDD data, Play It Again Sports has franchise locations in 47 states. The largest region is the South with 87 franchise locations. This franchise is expanding into new markets and might be available near you.
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.
Does Winmark audit its financial statements?
The financial statements Winmark receives from franchisees for these stores are unaudited, and Winmark does not audit or independently verify, or express an opinion regarding, these statements.
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.
How much does a "Play It Again Sports" franchise cost?
The minimum amount required for a franchisee to invest is $282,900 and can go all the way up to $393,900.
How many "Play It Again Sports" units are in the United States?
There are 274 Play It Again Sports locations in the United States, of which "0" are corporate units and 274 are franchise units.
From the Franchise Disclosure Document of "Play It Again Sports", that was issued on, 03, 15 2021
The franchisee will own and operate a Play It Again Sports® retail store from which the franchisee will sell quality used and new sporting goods equipment and accessories.
SBA Loan for , Play It Again Sports, Details
Please visit the , SBA Loan Franchise Directory, for the latest details on each franchise and its SBA loan eligibility.
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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