Priced to Sell - Ready for New Ownership to Step In!
Asking Price: $97,900 Gross Revenue: $420,000Cash Flow: Not DisclosedEBITDA: Not DisclosedInventory: $72,000 not included in asking priceFF&E: $25,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Play It Again Sports has been in the Hoover market for nearly 10 years. This is a well established business with a steady and loyal customer base. This locations caters to all categories of sports activities and all ages. Families are very comfortable shopping here as they know the will have excellent customer service, the equipment will be properly fitted and the store will stand behind it.
System sales averages for the Play It Again Sports brand are over $800,000 so there's plenty of upside with this location! Additional inventory, marketing and a focus on bringing in even more quality used will put this store on the right path.
If you're looking for a business you can step into, implement a few recommendations and start to see the results right away, Play It Again Sports in Hoover is worth checking out!
About Play It Again Sports:
At Play It Again Sports, everybody plays - including our franchisees! It's what they've been doing their entire lives. Whether it's supporting their kids from youth sports to college athletics or playing in their own golf, soccer, baseball or softball league, the common denominator of our typical franchisee is they still love to play and participate in sports in their community.
A Play It Again Sports franchise is the perfect business model for those who want to build a business doing what they love. Where can you spend your day talking about sports, provide a valued service to the community and build a business all at the same time? Right here, at Play It Again Sports - the official sponsor of all those who play!
About the Business
Number of Employees:
Building Sq. Ft.:
$7,860.00 Per Month
Store is located in a busy strip mall with solid anchors and co-tenants. Ulta Beauty is a recent addition. Plato's Closet, another Winmark resale brand, is also in this center. Center also includes McDonalds, Home Goods, Sprint, a Salon and a new Gym is opening next month. The store is in good condition with all of the fixtures, racks and inventory going with the purchase.
Dick's, Academy and Hibbetts are also in the area which has been established as a Sporting Goods destination. While it may seem like competition, Play It Again Sports can capitalize on their traffic and no traditional retailer can compete with the customer service and trade in advantage we offer. There's no other retailer that will pay cash for used gear and offer the value found at Play It Again Sports.
Growth & Expansion:
This area has a large baseball/softball presence that this location has not taken advantage of. A capital injection into this category will have an immediate impact on sales. This location currently has a large uniform business that will provide an excellent platform to build additional relationships and continue to expand this category. An new owner with a focused effort on acquiring more used merchandise will also see an immediate return due to the profit margins on those items. From a marketing standpoint, there are many opportunities to expand social and digital advertising along with adapting to the new E-Commerce platform being introduced to the brand.
Training required and provided by franchisor after purchase of store is completed. On-going franchisor support includes advertising, marketing, merchandising, inventory and financial management. Additional training and education opportunities available at the annual franchisee conference, trade show and regional meetings. In store support is provided through Field Operations Managers through field visits and regular conference calls, meetings, texts and emails. New Product Buying Group is available to assist with assortment planning, sourcing new inventory and more. Franchisor may require an additional investment in working capital and brand standard upgrades.
Price Reduced! Well Established Play It Again Sports Franchise
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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. See our
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