PrePlayed Entertainment Group
Yes, we actively support the inclusion and development of minority-owned franchises in the PrePlayed Entertainment Group system.
PrePlayed Entertainment Group
9 W. Aylesbury Rd., # F-G
Timoinium, MD 21093
800#: (866) 640-7529
Tel: (410) 560-0551
Fax: (410) 560-6355
E-mail: edg@preplayed.com
Web Site: www.preplayed.com
Contact: Mr. Ed Gieske, President
PREPLAYED is a chain of franchised stores that does more than just sell to its customers . . . it also buys directly from them. In fact, the majority of the CDs, movies, video/computer games, electronics and the gear that goes with it, all that we sell, has been obtained directly from our customers. Our stores are the largest retail concept with the greatest product diversity in the pre-owned retail industry and is backed by an experienced team with decades of experience in retail and preowned retail.
Franchisor Background
Established: 2003
First Franchise: 2003
Franchise Units: 5
Company-Owned Units: 0
Total Units: 5
Distribution:
> North America -- Operations in 2 States
> States/Provinces with Greatest Density: 4 in WI, 1 in PA
Units Owned by Minorities:
>African-American:
>Hispanic:
>Asian-American:
>Native American:
>Other:
Average Number of Employees: 3 FT, 5 PT (FT = Full Time, PT = Part Time)
Space Needs: 5,000-6,000 SF; FS, SC
(for abbreviations click here)
Financial Requirements
Cash Investment: $80-150K
Total Investment: $265-322K
Average Total Investment: $293K
Minimum Net Worth: $300K
Fees
>Franchise: $25K
>Average Franchise Fee: $25K
>Royalty: 4%
>Advertising: 2% + 2%
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 10/5
Passive Ownership: Discouraged
Area Development Agreements:Yes/Varies
Sub-Franchising Contracts: No
Expand In Territory:No
Franchisor Support and Training Provided
Site Selection Assistance:Yes
Lease Negotiation Assistance: Yes
Cooperative Advertising: No
Franchisee Assoc. / Member: No
Size Of Corporate Staff: NR
On-Going Support: A,b,C,f (for an explanation click here)
Training: 34 Hours Corporate Store/Headquarters; 87 Hours Corporate Store.
Specific Minority Program(s) in Place: Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.
Franchisor's Specific Expansion Plans
U.S.: All United States
Note: NR = No Response by Franchisor.
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