Music Go Round vs Prendamex Franchise Comparison

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

Start-Up Costs and Fees
 
Music Go Round Franchise
Prendamex Franchise
Investment $294,900 - $366,900$400,000 - $500,000
Franchise Fee $15,000 - $25,000$9,250 - $18,500
Royalty Fee 3%-
Advertising Fee --
Year Founded 1986-
Year Franchised 1994-
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee $5K-


Business Experience Requirements
 
Music Go Round Franchise
Prendamex Franchise
Experience
  • Industry experience
  • General business experience
    		• -

    Financing Options
     
    Music Go Round Franchise
    Prendamex 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
    Prendamex Franchise
    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
     
    Music Go Round Franchise
    Prendamex 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 Prendamex