Video games aren't just for kids, as many adults know. Video game stores are a lucrative business as a result. Creating a business to take advantage of this popular pastime is a smart business move for a savvy entrepreneur. You will enjoy the backing of a proven system when you consider a video game store franchise to help ensure your success.
By 2020, the video game market is expected to be worth $20.278 billion.
SOURCE: PwC; VentureBeat
During the 1st quarter of 2017, the number of U.S. game console users reached 89.78 million.
In 2017, women accounted for nearly 42% of all gamers in the United States.
SOURCE: Entertainment Software Association
In 2016, video game software expenditure amounted to $11.38 per U.S. consumer.
SOURCE: Bureau of Labor Statistics
Entertainment Software Association
Bureau of Labor Statistics
You have some options to consider in terms of types of video game store franchises if this is a category you are thinking of pursuing. Some stores sell new games and consoles, as well as accepting trade ins of used equipment and games in good condition. There is also the option of offering repair services for equipment through your video game store franchise. Some stores even branch out into other items, such as gaming-related collectibles or other pop culture gifts.
Video games are expected to continue to be a growth industry in the years to come, making a video game store franchise a profitable and stable business to invest in. Whether you have an interest in gaming or not, you can succeed in this industry, especially when you have the guidance and support of a proven franchisor backing your location.
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