No. GameStop Corporation does not offer franchise opportunities. The corporation owns and operates every one of the stores. GameStop common stock could be purchased or sold through a brokerage firm or other banking institution that offers brokerage services.
GameStop is renowned as the world’s biggest video game retailer, with approximately 4,860 locations in the United States, Europe, New Zealand, Canada, as well as Australia. Founded in 1984 as Babbage’s, the corporation has gone through a set of consolidations and mergers before being purchased by Barnes & Noble in 1999.
Barnes and Noble auctioned their ownership interest in 2004, and GameStop proceeded to acquire smaller businesses in order to broaden its worldwide physical footprint.
GameStop is committed to delivering exceptional gameplay experiences to all customers, irrespective of the method or location they prefer to play. If you want to start a game with a mobile device or devote several hours playing games with your guild, this is the only multichannel video game option.
Furthermore, with a Fortune 500 standing of 262, GameStop is the nation’s biggest multichannel video game retailer. GameStop has flagship stores and an online marketplace in 17 nations around the world. GameStop carries the most widely known products, components, and game gadgets for next-generation video gaming systems as well as the PC.
Because GameStop can regulate the distribution and profitability, used games are the corporation’s primary income generator. GameStop designated Matt Furlong and Mike Recupero, two ex-Amazon executives, as its new CEO and CFO in order to mold the corporation into a flourishing e-commerce corporation.
Alternatives to GameStop in the United States to Consider
As previously stated, GameStop is exceptional since it does not utilize franchisees to grow its physical footprints but rather leases all its locations. Even though you cannot invest in the GameStop business concept, there are countless other options to consider. They are as follows:
-
Computer Troubleshooters
Computer Troubleshooters is an extensive organization of IT support franchise offices that were established in 1999. The company has advanced in the IT service industry throughout the last two decades to offer customers cutting-edge services and solutions designed to meet the requirements of smaller companies and residential clients.
Computer Troubleshooters, the world’s biggest IT services franchise, provides data backup and recovery, security services, cloud management, as well as CT business solutions in addition to repair and maintenance services.
Financial Requirements
- Startup Costs: $12,000-$29,000
-
uBreakiFix
UBreakiFix, which was established in 2009, started franchising its mail-in as well as walk-in electronic maintenance services in 2013. The company is among the country’s figureheads in specialist same-day consumer electronic repairs, repairing mobile phones, tablet devices, computers, as well as video game systems with a 90-day parts and labor warranty.
UBreakiFix hires expertly educated and licensed specialists who’ve already masterfully repaired over 10,000 devices in the past decade and provide free technology diagnostics on a wide range of brands.
Financial Requirements
- Startup costs: $82,000-$354,000
-
Wireless Zone
Established in 1988 as “The Car Phone Store,” Wireless Zone has grown to become one of the country’s largest wireless general merchandise franchises, with over 400 locations nationwide. Every Wireless Zone site only provides Verizon Wireless products and services.
Verizon’s 5G wireless network technology, which enables faster internet and better online streaming, would be the first to be available in the United States in both stationary and mobile versions.
Every Wireless Zone location, which is controlled and managed independently, provides competitive rates on the latest mobile phones, and gadgets. Wireless Zone has received Verizon’s “Best Customer Service” award for a total of five years running.
Financial Requirements
- Startup Cost: $160,000-$415,000
-
iMechanic
iMechanic, established in Bloomington, Indiana in 2010 by Nicholas Helton, is a consumer electronics maintenance firm that focuses on mobile phones, tablet devices, TVs, unmanned aerial vehicles, and other devices.
iMechanic, which began as a one-man establishment, presently takes pleasure in its diverse revenue streams, as well as prestige. It offers franchisees the opportunity to own a firm that offers excellent service, a clear idea, and the master plan and techniques required for success.
Financial Requirements
- Startup costs: $77,000-$158,000
-
NerdsToGo, Inc.
NerdsToGo was established in 2003 by David J. Colella. The company offers in-home computer as well as technology repairs for home customers as well as on-premise technical support services to small companies all over the country. NerdsToGo has advanced alongside technology, refining its revenue model as well as sharpening its structures, mechanisms, techniques, and controls.
Financial Requirements
- Startup costs: $134,000-$217,000
Conclusion
If you enjoy video games and are looking to open a fruitful video game store, you’ll be disappointed to learn that GameStop doesn’t offer Franchise opportunities. You could, nevertheless, take into account the other options listed above.