Toy and Hobby Franchises

Regardless of the business size or the nature of the business either online or physical, owning a toy store can be a challenge. One of the main challenges that entrepreneurs face in this industry is competition with giant brands like Walmarts and Amazon. You can pick a profitable niche within the industry, but figuring out how to deal with competition is one of the major hurdles. This can be such a huge challenge, but still, at least 2500 independent toy businesses have survived. Some of these toy stores continue growing with every holiday season. In the United States, the retail games and toy stores generate revenue of at least $20.74 billion annually. This figure is generated through the sale of dolls, activity toys, pre-school toys, vehicles, games and puzzles, and plush toys among others. For toy store owners to remain significant in the modern day, they need to keep up with the ever-changing world. They are also required to offer children with the appropriate toys that will challenge their imagination and creativity while still boosting their enjoyment. The toy market growth is facilitated by computer, video and console games. Additionally, the growth is also significantly fueled by the increasing adult consumer base. This group has developed a great interest in gaming, making it a popular hobby. For this reason, the industry target has now shifted from toddlers to older kids and adults. The traditional games and toys are now becoming less and less popular because of the competition they are facing from modern day intelligent and interactive toys. Contrary to other retail sectors, independent toy stores dominate the industry as opposed to e-commerce stores. This is in spite of the rise of e-commerce in other industries. The retail toy sales have been growing over time. According to data produced by NPD, a market research group, in the first half of 2017, the sales had already increased by 3 percent. This figure was related to 80 percent of the whole industry and holiday sales were not part of it. Toy and hobby franchises can open doors to discover new skills. A potential investor has numerous options to choose from in this industry. The options range from educational offerings and general toy stores to resellers of gently used toys and a hobby and crafts store. Here are some important points of information to research before you decide on which Toy and Hobby Franchises is best for your situation. 1. Check out all the other franchise locations and other types of Toy and Hobby franchise market competition in your area. 2. Research each Toy and Hobby Franchises and list the services they offer and specialize in to determine the best fit for you. 3. Review each Toy and Hobby Franchises and make a chart that includes franchise fees, startup cost, cash investment, etc. 4. Call and talk with current franchise owners and get their opinion on the pros and cons of the different franchise options. At Franchise Clique, we are proud to present a variety of Toy and Hobby Franchise opportunities in our listings. Find your next investment today!