(UnhappyFranchisee.com) The Play N Trade franchise opportunity may seem like a safe, risk-free investment because of the well-known brand name, the great product and positive media hype (which includes rankings and awards from publications that survive on advertising from franchise companies like Play N Trade).
Some Play N Trade franchise owners may have a different opinion on how risk-free buying a Play N Trade video game store franchise really is.
Play N Trade, San Mateo, CA
“Orlando and Misty Megia opened Play N Trade on B Street in downtown San Mateo four years ago but they are closing its doors June 26. Spending money on video games is something people are doing less of in the poor economy, Misty Megia said.” The Daily Journal, June 20, 2011.
Play N Trade, Squamish, BC, Canada
“Squamish Play N Trade has joined ranks with the legion of Play N Trade stores that have closed across Canada and the United States and is embroiled in a lawsuit with the California-based company. The Squamish video gaming store closed on Labour Day weekend…” Squamish Chief, December 3, 2010.
Play N Trade, Butte, Montana
“Play N Trade closing doors. Play N Trade, a retail video game store in Butte, will close its doors Saturday. Owner Jason Manning said the business had been operating in Butte for almost four years, but heightened competition and a down economy forced the closure. It will result in four full-time people being put out of work.” MT Standard, Wednesday, May 4, 2011
Play N Trade, New York, NY
“Play N Trade – CLOSED. 137 E 13th St, New York, NY 10079, Neighborhood: East Village” Source: YELP
Play N Trade, Alexandria, VA
“My local Play N Trade in Alexandria, VA was apparently shut down yesterday. I had only gone to this place a few times, because frankly the people there were unfriendly, appeared to make fun of you behind your back…” Jamisonia, Feb 01, 2011
Play N Trade, Florida
“My local Play N Trade is going out of business. Sadly it’s the last one in the area… I frequented this store and the owner was a great guy, as is his mom. They just weren’t making money and had no choice. The sad day of close is on the 15th of September.” prot8to on Sep.02, 2010. Graphic by prot8to.
Other Play N Trade Reported Closures:
Palmdale Alabama 93551
Avondale Arizona 85323
Albuquerque, New Mexico 87109
Smithtown, New York (32 East Main St. 11787)
Elk Grove, CA (2513 Riparian Dr. 95624)
Tustin, CA
Colonie Center, Colonie, NY
Sarasota, FL (4013 Clark Rd 34233)
Miami Lakes, FL
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Email Play N Trade closing photos to unhappyfranchisee[at]gmail.com
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@Karl M Yea I had to do that many times, and the funny thing was the morons at corporate would actually tell you to do that, for inventory!! Of the many, many, many problems with Play N Trade, that was probably the biggest, not being able to get any inventory.
If you all haven't heard by now, Jimmy Kindred is no longer with the company but has not formally announced yet. Not sure what happened but it wouldnt surprise me if he was forced out. I did hear he was in network marketing. I would love to hear the story and any updates on the State of The Mighty Play N Trade. Are they under 100 stores yet? I cant imagine anyone stupid enough to buy a PNT franchise right now. Seriously guys, hopefully you stashed away some of that money you scammed from people that were trying to make an honest living, because you can only hang on for so long. Time to pack it up and move on to the next scam.
I need a good laugh. Does anyone have an idea of how many stores are still open (for now)? Are they still trying to sell franchise's? I also noticed they finally updated the "key leadership" portion of their website and it only includes Jared Turner, who doesn't know jack about the industry and the new president. Gone are Charles Tom Bozo and the rest of the clowns. Does anyone know what happened to them?
Not sure this is accurate, but Entrepreneur magazine lists the following numbers for Play N Trade locations in 2012:
Play N Trade
U.S. 133
Canadian 30
International 10
Company ownd 0
The new xbox one and ps4 will make it much harder to trade used games...
digital rights management will be personal...
I will speculate that gamestop will have kind of work around to get their customers options to trade but i don't see how the smaller operators can do it..it will likely be some kind of digital rights management loyalty program that can organize gamers digital rights (as long as they are "preferred" customers or perhaps as long as they bought through gamestop
Older games will always be tradeable and have value...there is a huge ps3/xbox360 base that will generate alot of cash flows, but over time it will be lower and lower end...it wont be a retro/rarity type of deal like NES...the games are all going to be easily available as usedgames..
The Naperville, Illinois store owned by the regional developer has just closed.
The Idaho Falls, Idaho store has also shut down. One day it was busy and popular, and three weeks later the store had shut its doors. :(
the PlayNTrade in Derry, NH just closed, within the last few days I guess, it's annoying because I buy ALL of my shit there and they have the only good disc repair machine in the area
After 2 years of storing my "store fixtures", I went out and destroyed every piece of PNT I had. Hoping to recycle the $5000 Aluminum sign. I was gonna make a Video about blowing it up and send it to the thieves @ corporate but nobody would sell me dynamite.
I see that PNT "acquired" a Canadian gaming outfit and hired a new CEO.
How does a compnay that is consistently LOSING franchisees and money continue to damage the gaming environment by buying things??
Spread the loss???
One of the BEST franchises in the system in IDAHO closed all of his stores!!! If you are consistently top 10 in sales and have to close ---what about the bottom 90 stores???
To all the previous PlaynTrade owner out there please email me if you are looking to get rid of any inventory or Point of Sale computer systems.