Play It Again Sports is a retail store specializing in new and used sporting goods. The franchise buys and sells sporting equipment, offering customers great value on both used and new items.
Key Insights
- Play It Again Sports has a history rooted in providing a platform for buying, selling, and trading used sporting goods. This established model allows customers to acquire needed equipment affordably and provides a revenue stream for franchisees through the resale of items.
- The franchise operates by connecting local communities with a consistent supply of quality pre-owned sports and fitness gear. Franchisees manage inventory, provide customer service, and facilitate the exchange of goods within their territories, fulfilling a recurring demand.
- The business operates within the resale and sporting goods sectors, industries experiencing sustained consumer interest in value and access to diverse athletic equipment. This environment supports a business model focused on circular economy principles.
Franchise Fee and Costs to Open
Exploring the financial picture of Play It Again Sports gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $343,050 - $456,500, along with a franchise fee of $25,000 - $25,000.
Financial Performance and Revenue
Yearly gross sales of $991,890 and estimated earnings of $119,027 - $148,784 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 3.5-5.5 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Play It Again Sports provides comprehensive initial training for new franchisees. This program typically lasts two weeks and is conducted at the franchisor's headquarters. The training covers operational procedures and business best practices. Play It Again Sports also offers a robust support system, including access to marketing materials and ongoing guidance. The franchisor recommends utilizing these resources to foster business growth.
Legal Considerations
Legal considerations for a Play It Again Sports franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
A franchisee may consider the landscape of local sporting goods stores, both new and used, for competitive dynamics. Managing inventory, a mix of new and pre-owned items, presents an operational consideration. The brand's reliance on a steady stream of quality used equipment from the community influences supply chain considerations.
Franchise Datasheet
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