Sports franchises sell sporting goods, sneakers, and athletic wear to millions of Americans who live and breathe sports.
Sporting goods stores require retail space, which means a slightly higher overhead. Stores are either are directed at the general sporting population or designed for specific sports, activities or demographics.
What are the most popular sports?
The most popular standalone sport for franchises is golf, which requires many relatively costly supplies to play. In recent years, kayaking, cross-country skiing, wrestling, and running have all become more popular with consumers.
The total U.S. golf market is worth about $25 billion, while retail sporting goods stores bring in $42.6 billion in sales yearly.
Get ‘em moving
With childhood obesity on the rise, parents are eager to get their kids hooked on sports early, and 35 million kids participate in organized sports each year. That’s a lot of sneakers to be sold!