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Friday, August 22, 2014

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San Diego's Premier Sporting Goods Store

Play It Again Sports Sand Diego has a combined 14 years of goodwill. The royalty rate is grandfathered in at 4%. Timing is great for negotiating a lease extension at the current location or re-locating. immediate and predictable cash flow along with the equipment, merchandise, signage, customer traffic, customer database and experienced staff for a seamless trasition. Play It Again Sports franchisees enjoy: a network of fellow owners; conferences with workshops and franchisee panels; business analysis; marketing tools, websites, e-mail campaigns, tv and radio commercials, signage, local store marketing; national national buying group; private trade shows. The brand is huge, nationally and locally--instant recognition of what they do.

Convenient parking, 14 months left on lease, 3,400 sq. ft. corner unit on high traffic intersection. Equipment includes a heat press for jersey lettering and convection oven for custom skate fitting. Huge recreation/fitness community center across street with Olympic size ice rink, gymnasium, skate park, three pools.

Only one competitor offering used sporting goods however they've de-emphasised used products in favor of online baseball equipment sales. Other than big box locations this store has the corner on the market as the preferred neighborhood sporting goods store. This location acts as the pro-shop for the Kroc center and is the only retailer with a comprehensive hockey and figure skate department.

Team sports has huge potential for growth along with fitness and bicycles categories.

Seller has 20 years as franchisee and will continue to own another location in the area. Seller has a vested interest in the success of new owner. Franchisor may require additional investment in working capital and inventory.

Owner downsizing to one store as a trasition towards retirement.


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