About
Winmark Corporation (WINA) franchises several retail brands that sell lightly-used merchandise such as clothing, sports gear, and musical instruments. These brands include Plato’s Closet, Once Upon A Child, Play It Again Sports, Style Encore and Music Go Round.
Winmark also leases out technology and business-essential equipment. The company takes the cash generated from its franchising business and invests it in its leasing portfolio.
As of Q1 2020, franchising royalties generated 60% of revenues while leasing income generated 31% of revenues. Remaining revenues came from merchandise sales and franchise fees.