Music Go Round vs Renaissance Fine Consignment Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Music Go Round vs Renaissance Fine Consignment including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Music Go Round Franchise
Renaissance Fine Consignment Franchise
Investment $294,900 - $366,900$86,175 - $227,000
Franchise Fee $15,000 - $25,000$30,000
Royalty Fee 3%4%
Advertising Fee --
Year Founded 19861997
Year Franchised 19942010
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee $5K-


Business Experience Requirements

 
Music Go Round Franchise
Renaissance Fine Consignment Franchise
Experience
  • Industry experience
  • General business experience
  • Renaissance Consignment is seeking individual franchise partners throughout the United States as well as multi-unit development partners domestically and internationally. To be considered, individuals or partnerships must meet the following minimum criteria: *Demonstrated enthusiasm, drive, and passion *Management Experience *Love working with Retail and Fashion *Minimum financial net worth of $75,000

    Financing Options

     
    Music Go Round Franchise
    Renaissance Fine Consignment Franchise
      In-House/3rd PartyIn-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

     
    Music Go Round Franchise
    Renaissance Fine Consignment Franchise
    Training --
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperativesReal Estate and Site Selection Lease Approval Pre-opening Management Training Vendors and Equipment Opening Support Information Technology Marketing and Public Relations Operations Support Purchasing and Distribution
    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

     
    Music Go Round Franchise
    Renaissance Fine Consignment Franchise
    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 Renaissance Fine Consignment

    Renaissance is using a business model based on over 13 years of operational experience in the high-end consignment field. With the Renaissance Fine Consignment franchise you can build a very successful business using our expertise and knowledge in this industry.Renaissance Fine Consignment is an industry innovator for retail consignment. The Renaissance Fine Consignment business model combines the best of all worlds, an exciting and fun retail business model, no need to worry about expensive inventory and high investment costs, Renaissance has designed the PERFECT retail business model. By using the specific consigning process and pricing strategies, as a Renaissance Fine Consignment team member, you will not need to invest in inventory and expensive trends...the consigners help you manage what will sell and what you should carry. To be every shopper's favorite place to buy high end clothing and retail items and provide a truly enlightening shopping experience, Renaissance Fine Consignment chooses only the best people to be Renaissance Fine Consignment franchisees. Our franchise partners are committed to delivering the highest quality products to customers in the most exciting retail environment possible. Renaissance is setting a new standard of customer experience and expectations for the Consignment Industry. From the quality of the items we offer customers to the care that our staff provides customers who visit the locations, our Renaissance Fine Consignment franchise partners will proudly strive to deliver a great customer experience in every location across America, every time.
    The Renaissance Fine Consignment corporate team is dedicated to ensuring the success of the Renaissance Fine Consignment franchisees so Renaissance Fine Consignment can become every shopper's favorite place to visit. The Renaissance Fine Consignment corporate team has a variety of backgrounds, including operations, real estate, marketing, public relations, human resources, purchasing and information technology. The Renaissance Fine Consignment team specializes in helping Renaissance Fine Consignment franchisees during pre-opening, grand opening and provides on-going support.
    Renaissance Fine Consignment succeeds if our franchisees succeed, and we are committed to your success! The Renaissance Fine Consignment franchise team will provide you with the systems, resources and support you need to operate your business successfully.