Music Go Round vs Uptown Cheapskate Franchise Comparison

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

Start-Up Costs and Fees
 
Music Go Round Franchise
Uptown Cheapskate Franchise
Investment $294,900 - $366,900$301,579 - $491,579
Franchise Fee $15,000 - $25,000$25,000
Royalty Fee 3%5%
Advertising Fee -0.5%
Year Founded 19862008
Year Franchised 19942008
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee $5K-


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

    Financing Options
     
    Music Go Round Franchise
    Uptown Cheapskate Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/No-/Yes
    Start-up Costs No/No-/Yes
    Equipment No/Yes-/Yes
    Inventory No/No-/Yes
    Receivables No/No-/Yes
    Payroll No/No-/Yes

    Training & Support
     
    Music Go Round Franchise
    Uptown Cheapskate Franchise
    Training - On-The-Job Training: 40 hours Classroom Training: 88 hours Additional Training: At existing store
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperativesPurchasing 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 advertisingCo-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)

    		Number of Employees Required to Run: 5 - 9

    Expansion Plans
     
    Music Go Round Franchise
    Uptown Cheapskate 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 Uptown Cheapskate

    Searching for a subsidence safe business? Do you appreciate a fun in vogue retail environment? Does owning your own particular resale dress boutique energize you? At that point Uptown Cheapskate may be an immaculate fit! Uptown gives an energizing retail opportunity in the resale business, focusing on clients ages 14 to 25. The Uptown approach makes an upscale look and feel while giving an extraordinary support of its clients with name mark previously owned garments and frill.

    Owning an Uptown Cheapskate establishment gives you an ensured geographic range with support in the accompanying zones:

    Site Selection/Lease Negotiation: With more than 20 years of rent arrangement encounter this is a claim to fame we offer you to arrange a positive rent.

    Start-Up: An accomplished delegate from the corporate office will help you with business arranging, acquiring an advance, form out, and will even turn out to your area and help you amid your Grand Opening end of the week!

    Preparing: Training is held for 11 days at the corporate preparing focus in Salt Lake City. Other new store proprietors will go to too so you're not the only one as far as you can tell.

    PC IT Support: IT bolster work force are accessible to help you with framework set up and any issues that tag along the way.

    This business is not for everybody, keeping in mind we are focused on giving first rate administration and making things basic for you we likewise need you to realize that it won't be simple! In any case, for the perfect individual owning an Uptown Cheapskate establishment can be profoundly fulfilling.

    Seeking new franchise units throughout the U.S., Australia/New Zealand, Canada, Central America, Eastern and Western Europe  Mexico and South America.

    Veteran Incentives  20% off franchise fee

    "Entrepreneur
    #354 in Franchise 500 for 2020.
    #117 in Franchise 500 for 2021.
    Uptown Cheapskate has ranked 8 years in a row on the Franchise 500 list.