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 investment required to open a Music Go Round Franchise is between $294,900-$366,900. There is an initial franchise fee of $15,000-$25,000 which grants you the license to run a business under the Music Go Round name.

Individual Unit Costs

Initial Investment:
$294,900-$366,900
Initial Franchise Fee:
$15,000-$25,000
Royalty Fee:
3%
Advertising Fee:
N/A
Term of Agreement:
10 years
Renewal Fee:
$5K

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Music Go Round Franchise Growth History

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

Year	U.S.A.	Corporate
2005	41	1
2004	42	1
2003	43	6
2002	49	6
2001	57	6

Financing Options

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

Training & Support

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

Business 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)

Qualifications & Business Experiences

Business Experience:

Industry experience

General business experience

How much does a Music Go Round Franchise owner make?

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.

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Listing Tags

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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.