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Updated RecentlyMusic Go Round vs Hope Chest for Breast Cancer Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Music Go Round vs Hope Chest for Breast Cancer including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $294,900 - $366,900 | $95,600 - $155,300 |
| Franchise Fee | $15,000 - $25,000 | N/A |
| Royalty Fee | 3% | - |
| Advertising Fee | - | - |
| Year Founded | 1986 | 2002 |
| Year Franchised | 1994 | 2006 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | $5K | - |
Business Experience Requirements |
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| Experience | - | |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | - | - |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | - |
| Operations |
10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 Absentee ownership of franchise is NOT allowed. (95% of current franchisees are owner/operators) | - |
Expansion Plans |
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| US Expansion | - | - |
| Canada Expansion | No | - |
| International Expansion | No | - |
Company Overviews
About Music Go Round
In 1986, Bill Shell opened Hi Tech Consignments Inc., a Minneapolis-area buyer and seller of new and used musical instruments, gear and equipment. Seven years later, after the company was purchased by Winmark (formerly Grow Biz), it changed its name to Music Go Round. Music Go Round stores buy, sell, trade and consign new and used musical products. Winmark also franchises Once Upon A Child, Plato's Closet, and Play It Again Sports. Fill in form below for free consultation.
About Hope Chest for Breast Cancer
Hope Chest for Breast Cancer provides Emergency Assistance Grants to
support local breast cancer patients and their families. Our business
model combines the power of a foundation and revenue-generating Resale
Shop. Hope Chest for Breast Cancer combines donations, grants, event revenues and
store proceeds to provide a solid revenue stream for its mission. Hope Chest for Breast Cancer is open seven days per week and sells merchandise at a fraction of the cost because all of the items - from
evening wear to end tables - are donated from individuals or corporations.