Music Go Round vs Silver Cross Franchise Comparison

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

Start-Up Costs and Fees
	Music Go Round Franchise	Silver Cross Franchise
Investment	$294,900 - $366,900	$105,100 - $137,100
Franchise Fee	$15,000 - $25,000	$25,000
Royalty Fee	3%	5%
Advertising Fee	-	-
Year Founded	1986	1993
Year Franchised	1994	1994
Term Of Agreement	10 years	5 years
Term Of Agreement	10 years	5 years
Renewal Fee	$5K	$5K
Business Experience Requirements
	Music Go Round Franchise	Silver Cross Franchise
Experience	Industry experience General business experience	General business experience Marketing skills
Financing Options
	Music Go Round Franchise	Silver Cross Franchise
	In-House/3rd Party	In-House/3rd Party
Franchise Fees	No/No	No/No
Start-up Costs	No/No	No/No
Equipment	No/Yes	No/No
Inventory	No/No	No/No
Receivables	No/No	No/No
Payroll	No/No	No/No
Training & Support
	Music Go Round Franchise	Silver Cross Franchise
Training	-	New franchise owners partake in a structured one month training program at the corporate store in Oakville Ontario. Learning from experienced and successful previous owners means you hit the ground running.
Support	Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives	Meetings, Internet, Field operations/evaluations, Purchasing cooperatives
Marketing	Co-op advertising, Ad slicks, Regional advertising	Ad slicks
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)	; 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)
Expansion Plans
	Music Go Round Franchise	Silver Cross Franchise
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 Silver Cross

The home healthcare products market is valued at more than $4.3 billion, and is expected to continue to grow as the population continues aging, increases in lifespan occur, the cost of out of home health care and living options increase and more people wish to remain in their homes as they age. Silver Cross is the resource for recycled and new home health care equipment including stair lifts, patient lifts, scooters, wheelchairs, home elevators and wheelchair lifts.