Play It Again Sports is a franchise opportunity. Franchisees are encouraged to develop strong ties within their communities. The company offers extensive training to franchisees and encourages them to build their own community. The average gross sales for a franchise are around $2 million a year. Franchisees are required to invest a certain amount of money to open a Play It Again Sports franchise. There are several ways to apply for a franchise.
Winmark Corporation is the parent company of Play It Again Sports
Based in Minneapolis, Minnesota, Winmark Corporation is a franchisor of five retail stores that specialize in buying and selling used goods. Its namesake company was founded in 1983 as Play It Again Sports Franchise Corporation, but in 1988 the company expanded and began franchising. Now, Play It Again Sports Franchisees are part of Winmark’s growing portfolio of retail stores, including Music Go Round, Plato’s Closet, and Style Encore. Additionally, the company operates Wirth Business Credit, Winmark Capital, and Plato’s Closet.
Play It Again Sports has become the premier retailer of used fitness and sports equipment, with over 350 franchised locations across the U.S. The company has built its business model on a reselling system that allows consumers to buy and sell quality used fitness equipment without paying full retail prices. Franchised stores offer great value and superior customer service. Winmark Corporation owns the Play It Again Sports name and logo, and franchisees are independent companies. Using the Play It Again Sports name or logo without prior authorization is a violation of federal trademark laws.
Franchisees are encouraged to develop strong ties with their communities
In addition to the fact that Play It Again Sports stores provide a fantastic service to customers, franchisees are also trained in the art of buying, selling and trading Sports Equipment. Play It Again Sports franchisees have access to some of the top brands in the industry, and they can offer the largest selections of new and used sports equipment at an unbelievable price. Franchisees are encouraged to become active members of their communities, ensuring a positive impact on the economy, local community, and business.
Franchisees receive extensive training
While operating a sports store can be a challenging business, a Play It Again Sports franchisee will receive extensive training before they open their own location. This training will include 65 hours of classroom training and on-the-job training in the areas of customer service and merchandising. Franchisees will also receive ongoing support from their corporate headquarters. After acquiring a Play It Again Sports franchise, franchisees can expect to face numerous challenges and learn new skills quickly.
Once the financing and leasing processes are complete, franchisees can attend the Concept Training. Concept Training will cover a variety of business skills, from sales to customer service, from marketing to advertising to managing staff. Franchisees will also learn about computer operations and financial management. During this course, franchisees will learn how to operate the Play It Again Sports business and how to maximize revenue from the business. Franchisees also receive extensive training on the Play It Again Sports brand.
Average gross sales of a Play It Again Sports franchise
The Play It Again Sports franchise is a retail sporting goods chain that opened in 1988 and is owned by Winmark Corporation. It offers both new and used sports equipment and accessories. Franchise owners can take advantage of the company’s low cost and high profit margins by buying a store franchise. Franchise costs are based on Item 7 of the Franchise Disclosure Document (FDD).
According to the franchise disclosure document, Play It Again Sports stores have average gross sales of more than $50 million a year. The average gross sales per store varies widely, but the company’s stores in the NFC South have consistently ranked third or fourth in the NFC South. Franchise fees are calculated on a gross profit margin and do not include operating expenses. The average gross sales of a Play It Again Sports franchise are higher than that of other brands in the sports-retail industry.