Play It Again achieved system-wide sales of $235 million in 2008, down 6% from sales of $250 million in 2007, according to the annual report of its parent Winmark Corp. Play It Again Sports contributed royalties and franchise fees of $9.8 million in 2008 versus $10.4 million in 2007, a decline of 5.7%.
Play It Again Sports ended the year with 364 stores versus 374 at the close of 2007, adding 14 stores and closing 24. Nine Play It Again Sports franchise agreements expired. Of those franchise relationships, 9 were “renewed” with the signing of a new 10-year franchise agreement. The filing indicated that 12 franchise agreements will expire in 2009.
According to the filing, at Dec. 27, 2008, the franchise fee for all of Winmark's was $20,000 for an initial store in the U.S. and $20,000CAD for an initial store in Canada. Beginning in March 2009, the franchise fee will increase to $25,000 for an initial store in the U.S.
