Play It Again Sports
Encyclopedia
Play It Again Sports is a chain of sporting goods
stores selling new and gently used sporting goods franchised by Winmark Corporation. Minneapolis native Martha Morris started the store in 1983, soon growing to several stores. Morris sold the chain to Winmark in 1988 and franchising began, growing to over 400 stores across the United States
Midwest and 43 stores in Canada
. All stores are independently owned and operated.
or trade value. The gently used equipment is then put back on the market to allow others the chance to buy quality equipment at a greatly reduced price. When a child or adult
is ready to take up a new sport or just looking to upgrade their equipment, Play It Again Sports can help keep the cost down while still offering quality equipment with a lot of life left in it. But used sporting equipment is not all that Play It Again Sports offers, they also sell new sporting equipment that has never been used. As North America
’s largest sporting goods retailer with nearly 350 store locations, Play It Again Sports stores sell and service the top name brand new products in the sporting goods industry.
to open a Play It Again Sports store
is approximately $350,000. In order to financially qualify, candidates need to have at least 30% ($105,000) of the investment in non-borrowed personal resources (liquid assets, i.e. cash, stock or marketable securities) and enough equity to collateralize the balance. The total cost will vary based on size and location. Winmark will not help finance
, a third party lending source will be needed for that. Winmark will assist you in preparing a comprehensive business plan to obtain SBA
or other financing once someone is a franchisee. All Winmark brands are listed on the SBA’s Franchise Registry which helps streamline the process. Winmark requires over 75 hours of classroom instruction and in-store training on the following: business planning, retail
site selection, store set-up, computer training, advertising
and marketing
, and store operations. To be a successful Play It Again Sports franchisee requires proper capitalization, hard work and people skills. While having knowledge of sports is helpful, Winmark’s comprehensive training program will provide the tools and skills needed to be successful. The typical time frame to open a Play It Again Sports store is approximately nine months.
Sports equipment
Sports equipment is a general term for any object used for sport or exercise. Examples of sports equipment include:-Exercise equipment:Examples for exercise include swiss balls, weights, equipment for the gym...
stores selling new and gently used sporting goods franchised by Winmark Corporation. Minneapolis native Martha Morris started the store in 1983, soon growing to several stores. Morris sold the chain to Winmark in 1988 and franchising began, growing to over 400 stores across the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
Midwest and 43 stores in Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
. All stores are independently owned and operated.
How To Trade
There are thousands of parents out there with kids in sports, sometimes more than just one, but inevitably all kids grow, and their sports equipment may have many more seasons left in it. Instead of letting the sports equipment pile up in the garage or trying to sell it yourself, Play It Again Sports offers the opportunity to bring in your quality used equipment for a cashCash
In common language cash refers to money in the physical form of currency, such as banknotes and coins.In bookkeeping and finance, cash refers to current assets comprising currency or currency equivalents that can be accessed immediately or near-immediately...
or trade value. The gently used equipment is then put back on the market to allow others the chance to buy quality equipment at a greatly reduced price. When a child or adult
Adult
An adult is a human being or living organism that is of relatively mature age, typically associated with sexual maturity and the attainment of reproductive age....
is ready to take up a new sport or just looking to upgrade their equipment, Play It Again Sports can help keep the cost down while still offering quality equipment with a lot of life left in it. But used sporting equipment is not all that Play It Again Sports offers, they also sell new sporting equipment that has never been used. As North America
North America
North America is a continent wholly within the Northern Hemisphere and almost wholly within the Western Hemisphere. It is also considered a northern subcontinent of the Americas...
’s largest sporting goods retailer with nearly 350 store locations, Play It Again Sports stores sell and service the top name brand new products in the sporting goods industry.
Sporting Equipment Includes
- BaseballBaseballBaseball is a bat-and-ball sport played between two teams of nine players each. The aim is to score runs by hitting a thrown ball with a bat and touching a series of four bases arranged at the corners of a ninety-foot diamond...
- Soccer
- Field HockeyField hockeyField Hockey, or Hockey, is a team sport in which a team of players attempts to score goals by hitting, pushing or flicking a ball into an opposing team's goal using sticks...
- Ice HockeyIce hockeyIce hockey, often referred to as hockey, is a team sport played on ice, in which skaters use wooden or composite sticks to shoot a hard rubber puck into their opponent's net. The game is played between two teams of six players each. Five members of each team skate up and down the ice trying to take...
- FootballGridiron footballGridiron football , sometimes known as North American football, is an umbrella term for related codes of football primarily played in the United States and Canada. The predominant forms of gridiron football are American football and Canadian football...
- Exercise Equipment
- Weight Lifting
- SnowboardingSnowboardingSnowboarding is a sport that involves descending a slope that is covered with snow on a snowboard attached to a rider's feet using a special boot set onto mounted binding. The development of snowboarding was inspired by skateboarding, sledding, surfing and skiing. It was developed in the U.S.A...
- SkiingSkiingSkiing is a recreational activity using skis as equipment for traveling over snow. Skis are used in conjunction with boots that connect to the ski with use of a binding....
- SkateboardingSkateboardingSkateboarding is an action sport which involves riding and performing tricks using a skateboard.Skateboarding can be a recreational activity, an art form, a job, or a method of transportation. Skateboarding has been shaped and influenced by many skateboarders throughout the years. A 2002 report...
- GolfGolfGolf is a precision club and ball sport, in which competing players use many types of clubs to hit balls into a series of holes on a golf course using the fewest number of strokes....
- Water Sports
- WrestlingWrestlingWrestling is a form of grappling type techniques such as clinch fighting, throws and takedowns, joint locks, pins and other grappling holds. A wrestling bout is a physical competition, between two competitors or sparring partners, who attempt to gain and maintain a superior position...
- Racquet Sports
- Inline SkatingInline skatingInline skating is a recreational sport practiced widely internationally. Inline skates typically have 2 to 5 polyurethane wheels, arranged in a single line. The in-line design allows for greater speed than roller skates and better maneuverability...
- LacrosseLacrosseLacrosse is a team sport of Native American origin played using a small rubber ball and a long-handled stick called a crosse or lacrosse stick, mainly played in the United States and Canada. It is a contact sport which requires padding. The head of the lacrosse stick is strung with loose mesh...
How To Become An Owner
The average total investmentInvestment
Investment has different meanings in finance and economics. Finance investment is putting money into something with the expectation of gain, that upon thorough analysis, has a high degree of security for the principal amount, as well as security of return, within an expected period of time...
to open a Play It Again Sports store
Store
Store may refer to:*a retail store*a place where things are stored, e.g. a ship's paint store*expendables released from an aircraft, such as ordnance or countermeasures*Štore, a town and a municipality in eastern Slovenia...
is approximately $350,000. In order to financially qualify, candidates need to have at least 30% ($105,000) of the investment in non-borrowed personal resources (liquid assets, i.e. cash, stock or marketable securities) and enough equity to collateralize the balance. The total cost will vary based on size and location. Winmark will not help finance
Finance
"Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...
, a third party lending source will be needed for that. Winmark will assist you in preparing a comprehensive business plan to obtain SBA
SBA
SBA may stand for:* Survivable Branch Appliance* Santa Barbara Airport* Santa Barbara Airlines* SBA Towers, radio masts and towers* School-based assessment, a programme of Hong Kong Diploma of Secondary Education which composes parts of the marks...
or other financing once someone is a franchisee. All Winmark brands are listed on the SBA’s Franchise Registry which helps streamline the process. Winmark requires over 75 hours of classroom instruction and in-store training on the following: business planning, retail
Retail
Retail consists of the sale of physical goods or merchandise from a fixed location, such as a department store, boutique or kiosk, or by mail, in small or individual lots for direct consumption by the purchaser. Retailing may include subordinated services, such as delivery. Purchasers may be...
site selection, store set-up, computer training, advertising
Advertising
Advertising is a form of communication used to persuade an audience to take some action with respect to products, ideas, or services. Most commonly, the desired result is to drive consumer behavior with respect to a commercial offering, although political and ideological advertising is also common...
and marketing
Marketing
Marketing is the process used to determine what products or services may be of interest to customers, and the strategy to use in sales, communications and business development. It generates the strategy that underlies sales techniques, business communication, and business developments...
, and store operations. To be a successful Play It Again Sports franchisee requires proper capitalization, hard work and people skills. While having knowledge of sports is helpful, Winmark’s comprehensive training program will provide the tools and skills needed to be successful. The typical time frame to open a Play It Again Sports store is approximately nine months.