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Play It Again Sports

New & used sporting goods/equipment

Background

Founded: 1983 Franchising since: 1988
Founded in 1983, Play It Again Sports buys and sells new and used sporting goods. Stores carry items like golf clubs and bags, baseball bats and gloves, in-line and ice skates, and fitness equipment.

Play It Again Sports is owned by Winmark (formerly Grow Biz), which also franchises Music Go Round, Once Upon A Child, and Plato's Closet.

605 Hwy. 109 N., # 400
Minneapolis, Minnesota 55441
Phone:
(800)592-8049/ (763)520-8480


Franchisor has 100 employee(s); 5 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 310 41 0 0
2008 337 43 0 0
2007 335 40 0 0
2006 367 43 0 0
2005 366 48 0 0

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Outside the U.S.: Canada

Exclusive territories available.
Territory size: 5-mile radius

Costs and Fees

Total investment: $229.1K-425.2K
Franchise fee: $25K
Ongoing royalty fee: 5%
Term of agreement: 10 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee No No
Startup Costs No No
Equipment No No
Inventory No No
Accounts Receivable No No
Payroll No No

Qualifications
Net worth requirement: $300K
Cash liquidity requirement: $68.7K-127.6K
Business Experience:
  • General business experience
  • Marketing skills

Operations
  • 20% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 3 - 5
  • Absentee ownership of franchise is NOT allowed. (95% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 2 weeks

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Grand opening
  • Internet
  • Security/safety procedures
  • Field operations/evaluations
  • Purchasing cooperatives

Marketing Support
  • Co-op advertising
  • Ad slicks

Rankings

Franchise 500® rank:
#177 (2009); #319 (2008); #254 (2007); #278 (2006); #291 (2005);

Ranked #1 in category in:
2008; 2007; 2006;

America's Top Global Franchises:
#138 (2009); #181 (2007); #199 (2006);


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