Music Go Round Franchise

Retailer selling new and used musical instruments


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.

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Please Note: The operators of Music Go Round, may not have verified the accuracy of the Franchise information contained within this website. For accurate up-to-date information, investors are strongly recommended to visit the official Music Go Round website.

How much does it cost to open a Music Go Round Franchise?

The estimated investment required to open a Music Go Round Franchise is between $207,000-$283,000. There is an initial franchise fee of $20,000 which grants you the license to run a business under the Music Go Round name.

Individual Unit Costs

  • Initial Investment:
    $207,000-$283,000
  • Initial Franchise Fee:
    $20,000
  • Royalty Fee:
    3%
  • Advertising Fee:
  • Term of Agreement:
    10 years
  • Renewal Fee:
    $5K



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When did the first Music Go Round open? 1986
When did Music Go Round start Franchising? 1994

Year U.S.A. Canada International Corporate
2005 41 0 0 1
2004 42 0 0 1
2003 43 0 0 6
2002 49 0 0 6
2001 57 0 0 6
Year U.S.A.
2005 41
2004 42
2003 43
2002 49
2001 57
Year Canada
2005 0
2004 0
2003 0
2002 0
2001 0
Year International
2005 0
2004 0
2003 0
2002 0
2001 0
Year Corporate
2005 1
2004 1
2003 6
2002 6
2001 6
Expense In-House Third Party
Franchise Fee No No
Startup Costs No No
Equipment No Yes
Inventory No No
Accounts Receivable No No
Payroll No No

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

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)

Business Experience:

  • Industry experience
  • General business experience

  • To calculate how much income a franchise owner can do at Music Go Round Franchise, may vary on factors like location, size etc., On the other side as a business owner your goals to maintain the quality of service while streaming sales high and expenses low. As any other franchise may include rent/mortgage, staffing/family, inventory supplies, utilities, administrative costs vise vera. Location to location and seasons the months costs may vary. Most franchises start up costs are typically fixed and they will cover most of the initial operating costs like signage, furniture, decoration and renovations.

    5 Other Franchises in this Family

    Listing Tags

    used musical gear, used musical instruments, used guitars, fender guitar, gibson guitar, vintage, music go round, used band instruments, percussion, violin, viola, cello, saxophone, trumpet, clarinet, oboe, drums, cymbals, band night, synthesizers, keyboards, bass guitar, recording equipment, pianos, amplifiers, microphones, speakers, rock bands, multitrack, digital, music accessories, mixers, pa, pro sound, band, orchestra, music lessons instruction, drum machines, sheet music, effect pedals, monitors, cables, mics, amps, dj, buy, sell, trade, cheap, discount, electric guitar, acoustic guitar, exchange, guitar pedals, wah wah, delay, echo, distortion, reverb, epiphone, fender, godin, gretch, guild, guild guitar, gibson, rickenbacher, rickenbacker, larrivee, martin, martin guitar, national, regal, santa cruz, seagull, takamine, taylor, yamaha, yamaha guitar, godan, hamer, prs, paul reed smith, breedlove, squier, squier guitar, oscar schmidt, pedulla, gibson banjo, montana, flatiron, kentucky, kentucky mandolin, cremona, mustang, music master, ernie ball, musicman, mesa boogie, stratocaster, telecaster, les paul, firebird, flying v, explorer, kustom, naylor, orange, orange amps, peavey, pignose, polytone, roland, rolandus, sovtek, svetlana, strings, guitar strings, bass strings, guitar accessories, effects, guitar effects, recording, analog, digital recording, cases, guitar cases, gig bag, tubes, audio tube, tube amp, tube amplifier, electro-harmonix, dod, digitech, boss, hartke, dawn, ev, electro-voice, shure, audio technica, akg, nady, wireless, bartolini, emg, dimarzio, seymour duncan, thinline, transducer, fishman, sunrise, art, dunlop, zoom, morley, metronome, guitar tuner, tuner, kazoo, picks, plectrum, skb
     
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    Legal Disclaimer: This information is not a franchise offering for Music Go Round and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recommend that anyone seriously interested in pursuing a Music Go Round franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.

    Music Go Round

    Music Go Round

    Music Go Round
    c/o Winmark Corporation
    605 Highway 169 N, Suite 400
    Minneapolis, MN
    55441

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