When Does Play It Again Sporrs Open
In this FDD Talk 2017 postal service, you'll learn the following:
- Department I – Groundwork information on the Play It Again Sports franchise opportunity, including relevant news updates
- Section II – Estimated initial investment for a Play It Again Sports franchise, based on Item vii of the company's 2017 FDD
- Section Iii – Initial franchise fee, royalty fee, marketing fee, and other fees for a Play It Again Sports franchise, based on Items 5 and six of the company'due south 2017 FDD
- Department IV – Presentation and analysis of Play It Over again Sports' financial performance representations, based on Item nineteen of the company's 2017 FDD, including information on the:
- 2016 average, loftier, and low gross sales and average gross profit of the 270 franchised Play It Over again Sports Stores in the United States and Canada that had been in operation by the same franchisee or owners for the 12-month period ended Dec 31, 2016, grouped by year opened (2015, 2014, 2013, 2012, 2011, and 2010 and prior)
- 2016 average, loftier, and low gross sales and average gross profit for the showtime, second, 3rd, and 4th quartiles of the 270 franchised Play It Once again Sports Stores in the United States and Canada that had been in operation by the same franchisee or owners for the 12-month period ended December 31, 2016
Department I – Background Data
nine Things You Need to Know About the Play It Once again Sports Franchise
'Get-go Your Flavor Sweepstakes' with Rawlings
1. Play It Again Sports teamed up with professional sports equipment company Rawlings for the 'Start Your Season Sweepstakes.' Contestants had from April 2 to April 11 to enter the sweepstakes on the Play Information technology Again Sports website.
2. The Thou Prize was an on-field meet and greet with a Rawlings pro baseball player. Contestants besides had a chance to win daily prizes such equally autographed pro baseballs, pro model bats, pro model gloves, custom gloves, and personalized bats.
New Locations Opened in 2016
3. In 2016, Play It Again Sports opened new locations in Washington and Massachusetts. The franchise owner of the new Spokane, Washington location wanted to bring Play It Once more Sports dorsum to the city after the original location where he worked over a decade ago closed in 2013.
4. Jared Fields opened the new location over the summer and says that his store is slap-up for the community. Non just does Fields sell new and used sports equipment for any sport beingness played in the Spokane surface area, but he besides provides data about Spokane sports leagues and organizations on the store's website, as well as sells supplies for coaches.
Non Simply Used Sports Equipment
5. Although Play It Again Sports specializes in reselling used sports equipment, many of the products sold at each location are actually brand new. The company's business model allows customers to purchase brand new sports equipment and then sell them back for cash on the spot when their children have outgrown the gear.
6. While every location differs in what products information technology is looking to purchase/sell, Play Information technology Again Sports prefers items from Adidas, Nike, Franklin, Under Armour, Wilson, and Louisville Slugger. Some of the sports that the franchise stocks gear for include baseball and softball, football, soccer, hockey, lacrosse, winter sports, and water sports.
Company History
seven. Play It Again Sports was founded in 1983 past Martha Morris in Minneapolis, Minnesota. Morris sold the company to the Winmark Corporation in 1988; franchising began that same year. The Winmark Corporation owns four other resale franchises: Once Upon A Kid, Music Get Round, Plato'southward Closet, and Style Encore.
eight. As of 2017, Play It Over again Sports has over 250 locations in the United States and Canada.
Entrepreneur'due south Franchise 500
nine. Play It Once again Sports has ranked on Entrepreneur's annual Franchise 500 listing almost every year in the last decade. Still, the franchise did non make the listing for 2017; this is the second time in the past ten years that the company did non rank. The company's highest rank was No. 177 in 2009 and its lowest rank was No. 327 in 2016.
Section Ii – Estimated Costs
- Please click here for detailed estimates of Play It Again Sports franchise costs, based on Particular 7 of the company'south 2017 FDD (updated).
Department Iii – Initial Franchise Fee, Royalty Fee, Marketing Fee, and Other Fees
- Please click here for detailed data on Play It Again Sports' initial franchise fee, royalty fee, marketing fee, and other fees, based on Items v and six of the company'south 2017 FDD.
Section IV – Financial Performance Representations (Detail 19, 2017 FDD) and Analysis
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Source: https://www.franchisechatter.com/2017/04/16/fdd-talk-2017-what-you-need-to-know-about-the-play-it-again-sports-franchise-opportunity/
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