Simplicity Esports and Gaming Company Receives Record Number of Applications to Purchase New Franchise Gaming Center Territories

Rhea-AI Summary

Simplicity Esports and Gaming Company (OTCQB:WINR) has reported a record of 43 franchise applications in the last 30 days for new gaming centers via its subsidiary, PLAYlive Nation. The application process involves financial disclosures and business backgrounds, typically taking 30 to 60 days for vetting. Each franchise costs $45,000, and additional revenue is generated from sales of equipment for center construction. President Roman Franklin cites pent-up demand due to COVID-19 as a factor for the surge, anticipating continued growth as restrictions ease.

Positive

• Record of 43 franchise applications received in the last month.
• Franchise fee set at $45,000, with potential discounts for multiple purchases.
• Additional revenue through sales of furniture and equipment for gaming center build-outs.

Negative

• None.

43 applications in the last 30 days to open new Simplicity Esports Gaming Centers

Boca Raton, Florida, March 22, 2021 (GLOBE NEWSWIRE) -- Simplicity Esports and Gaming Company (OTCQB:WINR) (“Simplicity Esports”), announced that it has received a record number of applications submitted via its wholly owned subsidiary, PLAYlive Nation’s website, from potential franchisees interested in purchasing new franchise territories, and opening Simplicity Esports gaming centers.

New franchisee applications include disclosure of financial information, desired territory, and business background. New applicants typically take 30 to 60 days to move through Simplicity Esports’ internal vetting and sales process. The vetting process is designed to approve only those applicants that Simplicity Esports believes have the financial and business experience needed to become a franchisee owner-operator of a Simplicity Esports gaming center. Not all applications are approved.

New franchisees are assisted with site selection and lease negotiation, as well as planning, renovations, and build out. Single franchise territories are currently sold for a $45,000 purchase fee, while some discounts may be available for the purchase of multiple territories. Simplicity Esports also generates revenue for the sale of furniture, fixtures, and equipment to franchisees for the build out phase of gaming center construction.

Roman Franklin, President of Simplicity Esports, stated, “I am enthusiastic about our prospects for 2021. The combination of our growing corporate owned and franchisee owned gaming center infrastructure is a testament to our commitment to remaining the largest footprint of esports gaming centers in the U.S. I attribute the record number of franchisee applications to pent up demand caused by COVID-19 disruptions. I expect the demand will continue to increase as a growing number of states lift restrictions that have been in place for almost a year.”

About Simplicity Esports and Gaming Company:

Simplicity Esports and Gaming Company (WINR) is an established brand within the esports industry, competing and streaming in popular games across different genres, including Apex Legends^®, PUBG Mobile^®, Overwatch^®, League of Legends^®, and various EA Sports^® titles. Simplicity Esports is also in the process of designing, minting, and selling non-fungible tokens (NFTs) for the esports and gaming industries. Simplicity Esports also owns and operates 12 and is the franchisor for more than 20 Esports Gaming Centers providing the public an opportunity to experience gaming and esports in a social setting, regardless of skill or experience. Simplicity Esports also organizes and hosts various in-person events and play from home, online tournaments. Simplicity Esports also owns a Riot Games League of Legends franchise and top Brazilian esports organization, Flamengo Esports.

Apex Legends^®, PUBG Mobile^®, Overwatch^®, League of Legends^®, Fortnite^®, EA Sports^® and Free Fire^® are registered trademarks of their respective owners.

Forward-Looking Statements:

This press release contains statements that constitute “forward-looking statements.” Forward-looking statements are subject to numerous conditions, many of which are beyond Simplicity Esports’ control, including those set forth in the Risk Factors section of Simplicity Esports’ Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on August 31, 2020 and our subsequent SEC filings, as amended or updated from time to time. Copies of Simplicity Esports’ filings with the SEC are available on the SEC’s website at www.sec.gov. Simplicity Esports undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Simplicity Esports Contact:

Roman Franklin
President
Roman@SimplicityEsports.com
561-819-8586

FAQ

What is the recent franchise application news for Simplicity Esports (WINR)?

Simplicity Esports reported 43 franchise applications in the last 30 days, indicating strong interest in opening new gaming centers.

What is the cost to open a franchise with Simplicity Esports (WINR)?

The cost to open a franchise territory with Simplicity Esports is $45,000, with potential discounts for purchasing multiple territories.

How long does the franchise application process take for Simplicity Esports (WINR)?

The franchise application vetting process for Simplicity Esports typically takes 30 to 60 days.

What revenue opportunities does Simplicity Esports (WINR) provide to franchisees?

Simplicity Esports generates revenue through the sale of furniture, fixtures, and equipment to franchisees during the gaming center construction phase.