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Play It Again Sports franchise financing options
Compare costs, fees and where to get financing for a Play It Again Sports.
Estimated initial costs
Our cost estimates are accurate as of 2021 from Franchise Direct and include opening fees and expenses only. The location you choose for your Play It Again Sports franchise may result in higher or lower fees.
Franchise feesPlay It Again Sports franchise fees total around $25,000, which beats out the $37,000 average for the 200 largest franchises nationwide.
|Initial franchise fee||$25,000 to $25,000|
|Estimated total||$25,000 to $25,000|
Equipment feesEquipment fees total $63,850 for Play It Again Sports. This is less than the $180,023 average for the top 200 franchises.
|Fixtures and supplies||$26,000 to $38,000|
|Signs||$8,000 to $12,000|
|Security system and cameras||$1,000 to $4,000|
|Point-of-sale system||$17,900 to $20,800|
|Estimated total||$52,900 to $74,800|
Real estate feesReal estate will set you back $49,500 for Play It Again Sports, thought it's less than the average of $788,376 for the top 200 franchises.
|Leasehold improvements||$5,000 to $9,000|
|Build-out||$35,000 to $50,000|
|Estimated total||$40,000 to $59,000|
Inventory costsInitial inventory for Play It Again Sports shakes out to $105,000. This is more expensive than the nationwide average of $53,119.
|Opening inventory||$90,000 to $120,000|
|Inventory||Will vary under certain circumstances.|
|Estimated total||$90,000 to $120,000|
Licenses and permits costsPlay It Again Sports initial licenses and permits will set you back $7,500. This comes out to less than $18,770 — the overall nationwide average.
|Licenses and permits||Cost|
|Deposits and business licenses||$5,000 to $10,000|
|Estimated total||$5,000 to $10,000|
Other expensesMiscellaneous expenses for Play It Again Sports total $40,000 — less than the nationwide average of $69,970.
|Miscellaneous pre-opening expenses||$30,000 to $50,000|
|Estimated total||$30,000 to $50,000|
How to financeSince the estimated total for Play It Again Sports is on the more costly side, we recommend following these steps to get fully financed:
- Go to the Play It Again Sports franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to Play It Again Sports about in-house financing for franchisees.
- If in-house financing isn't available, look for online loans, bank loans and SBA loans to help meet the $290,850 estimated opening costs.
- Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
- Once you settle on a lender, gather all required documents, including account statements and assets.
- Apply for financing online or in person as required by the lender.
What types of financing is available?You have several options when it comes to financing a Play It Again Sports — even if the cost is on the heavier side. What assets you have available will largely determine how much you need to borrow, and which option suits you best.
- Online loan. A number of online business lenders offer amounts up to $1 million, with some extending up to $5 million.
- Bank loan. Your personal credit will typically need to at least be good — 670 or higher — when it comes to getting a bank loan large enough to cover a significant portion of Play It Again Sports opening costs.
- SBA loan. While your personal credit score doesn't need to be as good to qualify for an SBA loan, they usually cost more than standard term loans from banks or online lenders.
Compare small business lendersYou may not need financing to cover the estimated $242,900. But if you need funds for other business ventures, select the loan amount, your time in business and revenue and your personal credit score to compare a selection of lenders.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
How Play It Again Sports stacks upCompare how Play It Again Sports holds up against two similarly sized franchises.
|sweetFrog Frozen Yogurt||Play It Again Sports||Transworld Business Advisors|
|Average Franchise fees||$22,500||$25,000||$49,500|
|Average Equipment fees||$104,550||$63,850||$750|
|Average Real estate fees||$114,750||$49,500||$4,050|
|Average Training fees||$1,500||NA||$350|
|Average Inventory fees||$7,000||$105,000||NA|
|Average Marketing fees||$7,500||NA||$5,000|
|Average Licenses and permits fees||$2,500||$7,500||NA|
|Average Insurance fees||$3,500||NA||$1,375|
|Average Admin fees||NA||NA||$14,995|
|Average Personnel fees||NA||NA||NA|
|Average Other fees||$22,500||$40,000||NA|
Bottom linePlay It Again Sports franchise costs run a total of $290,850. Before you decide to become a franchisee, compare the total costs against industry averages. And to learn more about financing read our guide to franchise financing.
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