Music Go Round vs Hut no. 8 Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Music Go Round vs Hut no. 8 including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Music Go Round Franchise
Hut no. 8 Franchise
Investment $294,900 - $366,900$91,700 - $201,900
Franchise Fee $15,000 - $25,000$15,000
Royalty Fee 3%$360/mo.
Advertising Fee --
Year Founded 19862007
Year Franchised 19942009
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee $5K-


Business Experience Requirements
 
Music Go Round Franchise
Hut no. 8 Franchise
Experience
  • Industry experience
  • General business experience
    		• -

    Financing Options
     
    Music Go Round Franchise
    Hut no. 8 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
    Hut no. 8 Franchise
    Training -You will visit our headquarters and main store in Florida, and will train in both a classroom environment, and then by serving customers alongside us. We will teach you EVERYTHING in one week from purchasing to accounting and from customer service to marketing, and more. When you are ready to open your Hut no. 8 store you will also have one of our representatives on-site to do refresher training, to assist you in serving your customers, and to help with your store set-up. *QuickBooks Pro *Store Setup *Computer Setup, configuration, and initial problem diagnosis *Customer Service *Point Of Sale Training *Purchasing Inventory *Pricing Inventory for Resale *Business Expansion & Idea Building
    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
    Hut no. 8 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 Hut no. 8

    Hut no. 8 offers the benefits of being part of a large chain without that whopping great price tag, and with some flexibility as to how you will run your own business. Goin' Postal Franchise Corporation has a proven track record of building successful franchisees with great branding, but at a fraction of the price of everyone else. How? We have franchisees start their business the way we start businesses; by starting off right with the necessary investment, but then letting the income from the business build it up further.
     
    Hut no. 8 offers
    - Full turn-key operations
    - Fantastic Branding
    - Combined chain-wide buying power
    - In-depth corporate training Industry leading technical support
    - The best marketing ROI of ANY franchise system, large or small.
     
    Thank you for your interest in joining the Hut no. 8 family! As a nationwide network of proactive, positive, and enthusiastic entrepreneurs, our franchisees are on the path to making their financial goals a reality, and we hope that you will join them and us to share in our mutual success.