How Is Family Video Still In Business

Brie

16 Nov, 2020

Is an american video rental chain located in the united states and canada. Still they separate ownership and management in a good way of course its important to complement the familys knowledge with the fresh strategic perspectives of qualified outsiders.

The Business Decision Family Video Made To Keep Its Doors Open

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Legacy pro a real estate investment company also run by hoogland owns the vast majority of family video locations.

How is family video still in business. Low costs arent the only draw however and there are arguably more important reasons why family video is still in business. We operate over 550 family video stores in 20 us. But hoogland president of family video parent highland ventures also admits he knows that.

Set in early 1980s california the story follows the meteoric rise of the golden boy of the automotive industry john delorean lee pace and his iconic delorean motor company through the eyes of his friendship with charming ex con pilot turned fbi informant jim hoffman jason sudeikis. The interior of a family video store in glenview illinois. Til that family video is still in business because the owners where smart enough to invest in purchasing property which can be leased out even after dvds are dead instead of simply renting space like blockbuster did.

The family is a true asset to the management team since they have been around the industry for decades said the ceo of a family business. At a time when amazon apple and comcast rule the movie rental business keith hoogland is quick to point out that renting videos the old fashioned way at an actual video store is not out of style. We are the largest movie and game rental chain in the united states.

While their competitors have all but gone extinct being the owner of their stores has enabled family video to maintain over 700 locations in 2018. Family video still accounts for nearly 90 of the parent companys 450 million in annual revenue and forbes estimates the chains real estate is worth as much as 750 million. Forty years later people are still walking into their local family video perusing the aisles and bringing their favorite dvd home for a few nights.

Family video movie club inc. Our unique property ownership model makes us a different sort of retailer because we buy and develop most of our buildings and land. The family owned company is headquartered in glenview illinois and has approximately 550 stores in north america with the heaviest concentration in the midwest.

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