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Updated RecentlyMusic Go Round vs Kid to Kid Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Music Go Round vs Kid to Kid 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 | $300,825 - $488,825 |
| Franchise Fee | $15,000 - $25,000 | $25,000 |
| Royalty Fee | 3% | 5% |
| Advertising Fee | - | 0.5% |
| Year Founded | 1986 | 1992 |
| Year Franchised | 1994 | 1994 |
| Term Of Agreement | 10 years | 10 years |
| Term Of Agreement | 10 years | 10 years |
| Renewal Fee | $5K | 25% of franchise fee |
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 | No/Yes |
| Start-up Costs | No/No | No/Yes |
| Equipment | No/Yes | No/Yes |
| Inventory | No/No | No/Yes |
| Receivables | No/No | No/Yes |
| Payroll | No/No | No/Yes |
Training & Support |
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| Training | - | On-The-Job Training: 40 hours Classroom Training: 88 hours Additional Training: At existing location |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| 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) |
International franchisees required to buy multiple units/master licenses; 31% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is NOT allowed. (90% of current franchisees are owner/operators) |
Expansion Plans |
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| US Expansion | - | - |
| Canada Expansion | No | No |
| International Expansion | No | Yes |
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 Kid to Kid
Shauna Sloan dragged her significant other Brent into an upscale youngsters' resale store in 1992. As a lawyer and strip mall official, Brent was shocked by the second-hand store's chic customer base. Persuaded that no administrator had completely amplified the capability of the resale idea, the Sloans set out to make a kids' resale organize, making a trip crosscountry to visit stores and converse with clients, supervisors and proprietors. Later that same year, the Sloans opened their first store in Sandy, Utah. They opened a moment store inside the year, with the principal establishment area opening in 1994.
Kid to Kid is an energizing and element establishment that is not simply retreat verification -"it is subsidence prosperous, with a model that interests to families from each level of pay.Kid to Kid has flourished throughout the most recent two decades from a family's basic thought into an energizing shopping background that consolidates the retail force of resale with a world class shopping knowledge.
Today, Kid to Kid is a compel in the retail space, with a demographic that extends past the run of the mill resale customer profile. We are keeping on achieving record highs in benefits and deals. Joining our establishment family as of now could introduce the ideal open door for you to possess your own particular business while additionally finding autonomy and soundness through a flourishing business that increases the value of your group.
Seeking new franchise units throughout the U.S.,
Australia/New Zealand, Canada, Central America, Eastern Europe, Mexico, South America and Western Europe