Grow Biz International - GBIZ- Profile

Grow Biz International, Inc. is a franchise company that franchises seven retail concepts which buy, sell, trade and consign merchandise. The company also sells inventory to the franchisees through the buying group and operates retail stores. The company's seven retail store concepts are Play It Again Sports stores which sells, trades and consigns sporting goods, equipment and accessories for a variety of athletic activities. Once Upon A Child stores trades in childern's clothing, toys, furniture and accessories. Computer Renaissance stores sells personal computers, printers and other computer related accessories. Music Go Round stores trades in musical instruments, speakers, amplifiers, music-related electronics and accessories. It's about Games stores sells and buys video games, comics, trading cards and accessories. Retool stores sells hand tools, power tools and accessories. Plato's Closet stores sells clothing and accessories geared toward the teenage market. During 1999, the company acquired certain assets & franchising rights of Plato's Closet, Inc. Merchandise accounted for 68% of 1999 revenues; royalties, 29%; franchise fees, 3% and advertising and other, nominal.