Successful, Established Sporting Goods Franchise
| Asking Price: | $390,000 | Inventory: | $140,000 ++ |
| Gross Revenue: | $900,000 | Real Estate: | n/a |
| Cash Flow: | $125,000 (comments below) | FF&E: | $60,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Cash Flow Comments: Owner benefit | |||
This store is a gem of a business. It's been one of the most successful stores in the Play It Again Sports franchise system for over 15 years. Operating partner is leaving the area and knows these stores work best with local ownership who's active in the community. This is a popular destination store known widely in the entire Bay Area. The golf business at this location is off the charts with sales soaring in both new and used. Fitness has been a very strong category as well and still has plenty of room to grow. Opportunities abound in team sports and local league business as this is a category focused on the least over the years. Owner estimates another $150,000 in sales could be added with the addition of team sports in the first year. This has been a million dollar store in the past and current ownership feels that with the right operator sales could surpass previous highs. This is a fun location with an extremely loyal local following. The buyer of this location will get a fun, successful and consistent business with nothing but upside and vast potential. Profits, cash flow and foot traffic are stong positives with this location as well.
Take advantage of Play It Again Sports unique business model of buying, selling and trading new and used sports equipment. This business model works well in any economy but in times like these where everyone is looking for value this business is a home run!
Take advantage of Play It Again Sports unique business model of buying, selling and trading new and used sports equipment. This business model works well in any economy but in times like these where everyone is looking for value this business is a home run!
About the Business
Year Established:1992
Employees:4 full time -
Franchise:Yes
Facilities:Facilities: High traffic desireable shopping center across from Kaiser and The Stoneridge Mall. 4,300 sq. ft. with lots of parking. Very clean and great condition. Slatwall, fixtures and carpet all updated and meet franchisors standards.
10 year franchise agreement, 4% royalty on sales. New stores to the system pay 5% today.
Market Outlook and Competition:This location has a virtual monopoly on the local fitness buiness and is the #1 used golf store in the entire franchise system.
Expansion into the local team sports business could happen right away. This would include soccer, lacrosse and baseball which would postively impact the bottom line immediately. Because this store focused their concentration on fitness and golf the team sports business is relatively untapped.
About the Sale
Management Training and Support:Seller wants to help buyer with a seamless transition. Will offer full support for a period of six months.
In addition, training required by franchisor upon transfer. Ongoing support includes advertising and merchandising, financial and inventory analysis, field visits, semi-annual conferences and more!
www.playitagainsports.com
Reason For Selling:Operational partner relocating
KEYWORDS: franchise, sports, sporting goods, fitness, fitness equipment, golf, retail, profit, play it again sports
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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