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Investment Requirements
Appropriate
capitalization is a critical factor in the success of any business.
Therefore, minimum requirements for net worth and liquid assets have
been established for those wishing to become a Play It Again Sports®
franchise owner. Initial investment ranges from $242,500 - $382,400 and
are estimates only. Your exact investment depends on several factors
including store size and condition of premises, inventory levels,
transportation costs, financing costs and similar factors beyond
Winmark's or your control.
Either individually, or with the
assistance of a financial partner, applicants need to have access to
$94,000 in cash or liquid assets* that can be turned into cash.
Additionally, the applicant should have assets of $170,000 to $268,000
to be used as collateral to obtain appropriate financing. These
financial requirements are based around the total investment costs of
the business.
*Liquid asset examples include: cash, non-retirement stocks and bonds, etc.
Please
note: Written financial documentation will be required as you move
forward in our franchise process. Funds quoted above are in Canadian
dollars. Click here for U.S. dollars.
Royalty Fee is 5% of gross sales, paid weekly.
Interested in more information on Play It Again Sports franchise opportunities? Click here for frequently asked questions or fill out our Request for Information Form today. Or simply call our toll free Play It Again Sports Franchise Information Line at (800) 592-8049 to talk to one of our friendly Franchise Developers who will help you understand the process.
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