• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Menu
  • Home
  • About
    • About Franchise Chatter
    • Contact
    • Privacy Policy
    • Terms of Service
    • Affiliate Disclosures
  • Subscribers Only
    • Login
    • New to Franchise Chatter? Start Here
    • America’s Most Lucrative Franchises
    • Franchises Ranked by Average Revenues
    • Franchises Ranked by Average Profits
    • Franchise Winners, Survivors and Losers Last Year
    • FDD Talk
    • Search by Name
  • Top Franchises
  • Franchise Earnings
  • Costs
  • Fees
  • Quiz
  • Search

FDD Talk 2016: The Play It Again Sports Franchise Opportunity (Financial Performance Analysis, Estimated Costs, and Other Important Stuff You Need to Know)

Last updated on April 6, 2017 by Franchise Chatter Leave a Comment
in FDD Talk: Retail Franchises, Franchise Earnings, Resale Franchise, Retail Franchise

Play It Again Sports Photo by Xiaozhuli



Learn Which Franchises Can Make You Rich

In this FDD Talk 2016 post, you’ll learn the following:

  • Section I – Background 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 7 of the company’s 2016 FDD
  • Section III – Presentation and analysis of Play It Again Sports’ financial performance representations, based on Item 19 of the company’s 2016 FDD, including information on the:
  • 2015 average, high, and low gross sales and average gross profit for franchised Play It Again Sports stores that opened in 2014, 2013, 2012, 2011, 2010, and 2009 and prior, respectively, and had been in operation for the 12-month period ended December 26, 2015
  • 2015 average, high, and low gross sales and average gross profit for the first, second, third, and fourth quartiles of franchised Play It Again Sports stores that had been in operation for the 12-month period ended December 26, 2015

Section I – Background Information

Play It Again Sports Looks to Get Back Over 300 Mark

After falling unit numbers year by year, Play It Again Sports finally showed a one-year growth rate in 2015 in what could be the start of a turnaround for the franchise.


💵America's Most Lucrative Franchises of the Year (Subscribe Now to Unlock)



🎯Find GOOD Franchises in Your Target Industries That Are STILL Available in Your Area (Free Tool)


At the same time, its parent company surpassed $1 billion in systemwide franchised retail sales for 2015 while putting 135 million items back into circulation in local communities. Winmark Corporation ended 2015 with 1,150 operating franchises among its brands, plus 88 more franchises that had been awarded but had not yet opened.

Numbers Fall Before Trend Reverses

While Play It Again Sports placed 327th on Entrepreneur’s Franchise 500 list for 2016, it was its lowest mark in the past decade. During the recession of 2007-08, the brand dropped to No. 319 for the 2008 list but shot up to No. 177 in 2009. Play It Again Sports has since gradually dropped in position each year; its 2015 rank was No. 287.

It has also seen steady losses in units in that time period, from a high of 410 in 2006 to a low of 288 in 2014. 2015 was the first year to reverse the trend, as the franchise finished the year with 296 stores, adding eight units for 2.7 percent growth.

This one-year boost could show positive signs for the brand, which lost 10 units in the past three years for a drop of 3.4 percent. Among the new stores in 2015 is a unit in Waltham, Massachusetts, that opened in October. Owner Dan Pill is a former college baseball player who went on to open two baseball training facilities.

Expertise in Both Buying and Selling

Play It Again Sports is the only sporting goods retailer with a specialization in both buying and selling merchandise. The franchise, which is owned by Winmark Corporation, was founded in 1983. Franchising began in 1988. The brand has nearly 300 stores in North America.


🥇Franchises Ranked by Average Revenues & Profits (Subscribe Now to Unlock)



🎯Find GOOD Franchises in Your Target Industries That Are STILL Available in Your Area (Free Tool)


Winmark Corporation, based in Minneapolis, Minnesota, is the largest resale franchisor in the United States, also franchising Plato’s Closet, Once Upon a Child, Style Encore and Music Go Round. It was formerly named Grow Biz.

How It Works

Play It Again Sports buys and sells quality used sports and fitness gear, such as golf clubs and bags, ice skates, inline skates, baseball equipment and apparel, fitness merchandise, and many others.

Items are sold for about 40 to 60 percent of the cost of new items; the seller receives 30 to 50 percent of the resale price, depending on factors such as condition, demand and current stock of similar products. Sellers can even sell equipment they bought used, as long as it meets the Play It Again Sports criteria.

The stores will buy gear if the sports are played in the community and the store has room to store the equipment. Sellers can get cash or checks for their gear, but they can also get 20 to 30 percent more value by putting the money toward products sold in the store; they can choose to purchase these products at the time or later.

The stores buy sports gear all year long, but sellers will get the best price for gear brought in during or just prior to the relevant sports season.


🏆Franchise Winners, Survivors and Losers Last Year (Subscribe Now to Unlock)



🎯Find GOOD Franchises in Your Target Industries That Are STILL Available in Your Area (Free Tool)


Both New and Used Merchandise

Stores sell both new and used equipment, averaging 60 percent new and 40 percent used. Stocking new products enables the stores to be assured of products when they don’t have enough quality used gear coming in and provides merchandise for customers who are looking for good prices on new equipment.

Furthermore, the customers buying the new gear can later bring it back to the store to sell, ensuring longer life for the equipment and keeping it out of landfills.

Stores Near Big Boxes, Regional Malls

Play It Again Sports locations are between 3,500 and 4,000 square feet, and are generally located in power strip centers anchored by big boxes, or strip centers near larger regional malls.

The primary customers at a Play It Again Sports franchise are adults between the ages of 25 and 49 and parents of children ages 4 to 16. Customers are generally from middle-class to upper-class households.

Section II – Estimated Costs

  • Please click here for detailed estimates of Play It Again Sports franchise costs, based on Item 7 of the company’s 2016 FDD (updated).

Section III – Financial Performance Representations (Item 19, 2016 FDD) and Analysis



To Access the Rest of This Article and Other Premium, Income-Enhancing Content, Subscribe Now or Log In.

Gain the Insider Information (and Actual Earnings Data) You Need to Make a Safe and Smart Franchise Investment. Click Here to Learn More.



Gain the Insider Information (and Actual Earnings Data) You Need to Make a Safe and Smart Franchise Investment - See more at: https://www.franchisechatter.com/register/#sthash.le7wKJKM.dpuf

💰How Much Franchise Can You Afford? Use Our Free Financial Calculator



🎯Find GOOD Franchises in Your Target Industries That Are STILL Available in Your Area (Free Tool)



Tagged as: Play It Again Sports

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous post: FDD Talk 2016: The Smashburger Franchise Opportunity (Financial Performance Analysis, Estimated Costs, and Other Important Stuff You Need to Know)

Next post: FDD Talk 2016: The Max Muscle Franchise Opportunity (Financial Performance Analysis, Estimated Costs, and Other Important Stuff You Need to Know)

Primary Sidebar

https://youtu.be/-pkxCF6_QOs

🤷‍♀️Why Work with a Franchise Broker?

A good franchise broker can help you to find the right franchise. They provide:

✅ Recommendations based on their assessment of historical financial performance (Item 19, FDD) instead of just franchise marketing materials.

✅ Franchise matches based on your goals, strengths, and passions.

✅ Demographic analysis to find franchises that could work in your area.

✅ A portfolio of franchises to meet almost any budget, interest, or goals.

✅ Referrals to other specialists, like franchise lawyers.

✅ Information on financing sources.

✅ Coaching in the due diligence process, based on experience with dozens of candidates.

✅ Help presenting yourself in the best light, to increase your chances of success.

✅ No fees for their services: franchisors pay them a success fee if an agreement is signed.

To get started, fill out this form, and a specialist from the Franchise Brokers Association will reach out to you.

Login

Remember Me
Register | Lost your Password?
Reminder: Your username and password are case-sensitive.

Need help? Email franchisechatterblog@gmail.com

🎯Find GOOD Franchises in Your Target Industries That Are STILL Available in Your Area (Free Tool)

💰How Much Franchise Can You Afford? Use Our Free Financial Calculator

As seen in:  New York Times, Bloomberg Businessweek, and CNBC

🚀 Daily FDD Talk Posts

Papa Murphy’s Franchise

Pure Barre Franchise

Schlotzsky’s Franchise

Assisting Hands Home Care Franchise

Wireless Zone Franchise

All Dry Services Franchise

ZIPS Dry Cleaners Franchise

Domino’s Pizza Franchise

Property Management Inc. Franchise

Synergy HomeCare Franchise

Fastest Labs Franchise

Units Moving and Portable Storage Franchise

Checkers & Rally’s Franchise

ShelfGenie Franchise

Freddy’s Frozen Custard & Steakburgers Franchise

Mr. Electric Franchise

KFC Franchise

Real Property Management Franchise

Dunkin’ Franchise

RockBox Fitness Franchise

Jimmy John’s Franchise

Five Star Painting Franchise

Noodles & Company Franchise

Relax the Back Franchise

MOOYAH Franchise

Senior Helpers Franchise

Slim Chickens Franchise

Salons by JC Franchise

Teriyaki Madness Franchise

Storm Guard Roofing and Construction Franchise

Baskin-Robbins Franchise

Anytime Fitness Franchise

Blaze Pizza Franchise

Jiffy Lube Franchise

DQ Grill & Chill Franchise

🏆 Best Franchises by Industry

Best Franchises by Industry (All Lists)

Best Barbershop Franchises

Best Laundromat Franchises

Best Storage Unit Franchises

Best Car Wash Service Franchises

Best Gym and Fitness Franchises

Best Pizza Franchises

Best Sandwich Franchises

Best Childcare Franchises

Best Ice Cream Franchises

Best Coffee Franchises

Best Hamburger Franchises

Best Salon and Beauty Franchises

Best Chicken Franchises

Best Smoothie and Juice Franchises

Best Maid Service Franchises

Best Mexican Restaurant Franchises

Best Massage Service Franchises

Best Tutoring Franchises

Best Auto Repair Franchises

Best Auto Oil Change Franchises

Best Asian Restaurant Franchises

Best Pet Franchises

Best Commercial Cleaning Franchises

Best Sports Bar Franchises

Best Baked Goods Franchises

Best Moving/Junk Removal Franchises

Best Mailbox Franchises

Best Apparel Retail Franchises

Best Senior Care Franchises

Best Restoration Franchises

Best Tech Franchises

Best Travel Agency Franchises

Best Trampoline Park Franchises

Best Tools Distribution Franchises

Best Salon Suites Franchises

Best Property Management Franchises

Best Laboratory Services Franchises

Best Staffing/Recruiting Franchises

Best Real Estate Franchises

Most Profitable Franchises

Top Low Cost Franchises

Starting a Business During a Recession

Franchise Chatter uses affiliate links for Franchise Help and the Franchise Brokers Association.

Franchise Chatter © 2022