Music Go Round Franchise - Instruments & Gear Store
Music Go Round Franchise Opportunities
Music Go Round franchise specializes in trading new and used musical instruments. The brand has their own website which offers more than 50,000 unique items. The concept of retail-resale musical products was first initiated in 1986. It took the company 12 years to gain experience in organizing business processes and built a good reputation. This way, in 1994 the first Music Go Round instruments & gear store franchise came for sale. Today the brand has 37 units. Music Go Round instruments & gear store franchise enables good opportunities for new franchisees to start own business. The main benefits of the business are affordable cost & fees and a good reputation in music community.
How to open a Music Go Round franchise?
- Ensure you have adequate capitalization.
In order to open the Music Go Round instruments & gear store franchise, you must have a net worth of $400,000.
- Appreciate the investment required for an instruments & gear store franchise.
You will need to consider real estate costs, the cost of equipment and signs, the costs of licenses and permits, the cost of uniforms, the cost of insurance, etc.
- Evaluate your prior experience and strengths.
You should thoroughly evaluate your prior business experience before applying to become a Music Go Round instruments & gear store franchise owner.
- Assess market availability.
You will want to look at the market availability for Music Go Round franchises and see if there are available markets in your location of interest before proceeding with the franchising application.
- Submit your application.
Your application will be reviewed by the Music Go Round franchise team. You will be emailed a confirmation receipt upon reception of your online application, where we will additionally provide the contact details of the franchise owner.
- Receive approval & opening your Music Go Round franchise.
You will receive franchise approval once your financial and background checks are completed. Approval will only be given to candidates who meet all the requirements of franchise owners.
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How much does the Music Go Round franchise cost?
Music Go Round has a franchise fee of up to $25,000, with a total initial investment range of $503,879 to $1,099,004.
Net-worth Requirement: $400,000
Liquid Cash Requirement: $90,000 - $105,000
Music Go Round Initial Investment
Initial Investment: $294,900 - $366,900.
Initial Franchise Fee: $25,000
Ongoing Royalty Fee: 4%
Ad Royalty Fee: $1500/year
Music Go Round website: www.musicgoround.com
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- Starting investments from:$294,900
- Company type:Store
- Company foundation year1986
- Year of launching the franchise1994
- Franchise enterprises:37
- Franchisees in USA:37
- Corporate Address:605 Hwy. 169 N., #400 Minneapolis, MN 55441