Music Go Round vs Rhea Lana Franchise Comparison

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

Start-Up Costs and Fees

 
Music Go Round Franchise
Rhea Lana Franchise
Investment $294,900 - $366,900$19,050 - $38,950
Franchise Fee $15,000 - $25,000$10,000 - $13,500
Royalty Fee 3%3%-1%
Advertising Fee --
Year Founded 19861997
Year Franchised 19942008
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee $5K-


Business Experience Requirements

 
Music Go Round Franchise
Rhea Lana Franchise
Experience
  • Industry experience
  • General business experience
  • -

    Financing Options

     
    Music Go Round Franchise
    Rhea Lana 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
    Rhea Lana Franchise
    Training -On-The-Job Training: 39 hours Classroom Training: 13 hours Additional Training: As needed
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperativesNewsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software
    Marketing Co-op advertising, Ad slicks, Regional advertisingAd Templates National Media Regional Advertising Social media Website development Email marketing
    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
    Rhea Lana Franchise
    US Expansion -Yes
    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 Rhea Lana

    "Top
    #89 in Gator's Top franchises.