Whether you have children or not, there is no denying that toys are big business. And even adults love hobbies, adding to the opportunity for retail success.
If you think that sharing a love of play and learning with babies, young children and their families is an aspect of business you would like to explore, then a toy and hobby franchise may be the right business opportunity for you. There are a variety of focuses a hobby or toy shop can take, but all will allow you to build a business with the backing of a proven system supporting you along the way.
By 2020, U.S. sales values of hobby, toy and game stores are projected to reach $17.995 billion.
SOURCE: Statista; US Census Bureau
The average revenue per user in the toys & baby segment will be $198.83 in 2018.
The toys & baby segment is expected to show a revenue growth of 14.1% in 2019.
Revenue in the U.S. hobby & stationery segment will be about $57.8 million in 2018.
Statista; US Census Bureau
From a general toy store to one that focuses on educational offerings, from a hobby and crafts shop to a reseller of gently used toys, there are many options for a potential investor to think through before selecting the best toy and hobby franchise for you. You can tap into your inner child when you explore the possibilities available to you within this fun and lucrative category.
Whether you opt for a toy focused franchise, concentrate on the hobby side of the equation or offer a combination of the two, know that you will be providing hours of joy and even learning to a child and his or her family. A toy and hobby franchise can offer opportunities to discover new skills, as well as a chance for a child to let their imagination go wild. If you like the idea of owning a business that can bring so much joy and more to a child, than this is a category to consider.
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