This business buys, sells, trades, rents & maintains video games & game consoles. This franchise is part of the international community of Play N Trade - with locations in Egypt, Panama US & Canada.
Revenue Streams
This business has multiple streams of revenue including but not limited to:
Sale of the latest generation of consoles and games
High-margin preorders of new games/consoles accessories
Console & game rental by the day/hour (this sale includes rental inventory)
Store will buy customer’s unwanted games/consoles at a steep discount creating high-margin inventory for resale
Repair of videogame consoles, accessories and cellphones - This is a highly profitable business and holds significant growth potential
eBay sales of high-end “retro” items traded in (the current state of retro videogame sales on the internet is on an exponential upwards trajectory).
Customers
Customers shop at Play N Trade over big box stores for several reasons: The franchise is steeped in video game culture, and offers a “1-stop-shop” for all things video games. Critically, from the customer perspective, this includes all generations of games and game-consoles, rather than just the newest and most expensive iterations. The gaming community prizes classics ranging from Atari, Colecovision, Intellivision, Sega Nintendo, Playstation and Xbox. Our customers tend to be of the loyal variety. Database includes over 18,000 customers!
The age-range of video game customers is growing, as early gaming adopters from the 1980s become this generation’s parents and grandparents. This franchise sees customers between the ages of 5 and 65.
Location
Business has thrived in high traffic and obscure locations, can also be run online online, depending on new owner’s preferences. Currently operating at 1898 Main St. Vancouver.
Inventory
While consoles and games are at their highest value directly following their release, the gaming industry benefits greatly from a stock that never expires, and retains significant value over the long-term, limiting inventory-risk to the operator.
Games, in particular, are very easily shipped, making remote business and marketing extremely viable for both the operator and consumer.
Human Resources
Potentially due to the “fun” nature of the business, current ownership has found there is no shortage of enthusiastic potential employees. Jobs are suitable for young/old, experienced or inexperienced.
Sale Details
This business-sale includes:
Sales inventory
Fixtures
Integrated POS
Advertising
Rights to the National Franchise
Unlimited expansion without paying royalties
Royalties from franchisees
Income Statement and Balance Sheet are available to serious potential buyers.
In Conclusion
Play N Trade has served its neighbors and tourists for the past ten years on Vancouver Island. The owners have put their heart and soul into the business building a strong client base making this an excellent opportunity for an entrepreneur or experienced operator with new ideas.
Despite COVID-19 closures the business sustained its revenues and kept up with its growth-trajectory. In fact, lockdowns seem to have led many gamers to expand their gaming horizons and now more than ever we are seeing a need for ALL models of videogame consoles, new and old, wifi free gaming for young families and next level gaming for the dedicated adult gamers.
Current business owners are sad to have to move on, but have offered their support to help new owners transition with ease.
