Established Canadian businesses - For Sale by Owner - in Canada
Listing # 62916003
Business For Sale
Play It Again Sports Kelowna For Sale
Business Location: British Columbia Postal Code: V1X Relocatable: No
Retail Stores & Trade Sports & Leisure Products
This is a relatively new franchise opening in May 2013. In a short three years, the
business has already surpassed the brand objectives for sales and margin. With
over $1.4M in annual revenue and growing quickly, this business has huge potential.
The franchise was awarded the ‘Fast Start’ Award in 2014 for the most successful
new Play It Again Sports franchise across North America. The business also
received awards for growth and financial results in 2015. There is a very solid
management team in place with a number of the employees being with the business
since it opened in 2013. The business’s assets are in ‘as new’ condition making this
truly a ‘turn key’ opportunity.
The business is still very much in its growth stage with 2016 revenue up 28% over
2015. Along with organic growth, there are a number of opportunities that should
have a significant impact on sales including expanding the current rental program,
the service shop, adding an on-line sales component as well as exploring team
sales. The business sells a high percentage of used sports gear resulting in a higher
than average sales margin compared with other Play It Again franchises.
MARKET & COMPETITION
Kelowna was recently recognized as the fastest growing metropolitan area in
Canada with a 3.1% population growth in 2015 (Stats Canada, February 2016).
While the area has historically been a prime retirement destination due to the warm
climate, much of the recent growth has been due to young families relocating from
other parts of the province and country. This high level of growth will have a positive
impact on the business’s market and should allow for continued growth for years to
INCLUDED, EXCLUDED & OPTIONAL
- INCLUDED in the Price -
Good Will = 2.5 times the trailing 12 months net income
Depreciated assets including franchise fee, fixtures, equipment, etc.
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