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Music Go Round
MUSIC GO ROUND stores buy, sell and trade quality used and new instruments, equipment and accessories.
Franchisor Background
Year Established:
1986
Franchising Since:
1994
IFA Member
Operating Units:
Franchised Units:
34
100%
Company-Owned Units:
0
0%
______
_____
Total Operating Units:
34
100%
Geographic Distribution:
U.S.:
35
100%
In 25 States
Canada:
0
0%
In 0 Canadian Provinces
International:
0
0%
In 0 Foreign Countries
______
_____
Total:
35
100%
North America:
States/Provinces with the largest number of operating units:
Density
Units
1. Texas
4
2. Wisconsin
3
3. Michigan
3
Registered in Following Registration States:
California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin, District Of Columbia
Financial Requirements
Investment:
Minimum Net Worth:
$350K
Cash Investment:
$75.7-97.2K
Total Investment:
$252.5-325K
Average Total Investment:
$289K
Fees:
Initial Franchise Fee:
$20K
Average Franchise Fee:
$20K
On-Going Royalty:
3%
Average Royalty:
3%
Advertising Fee:
Average Number of Employees:
2 Full-time, 2 Part-time
Space Needs (in square footage):
2,500-3,000
Preferred Sites:
Strip Center
Other Sites:
Encourage Conversions?
No
Earnings Claims Provided?
Yes
Listed in the SBA Registry?
No
Support and Training
International Franchise Association:
Yes
Canadian Franchise Association:
No
Franchisee Association/Member:
No
Size of Corporate Staff:
97
Site Selection Assistance?
Yes
Lease Negotiation Assistance?
Yes
Financial Assistance?
No
Marketing Support:
Co-Op Advertising:
No
National Advertising:
No
Regional Advertising:
No
Local Advertising:
No
Marketing Materials:
Ad Slicks, Brochures, Catalogs, Coupons/rebates, Direct Mailers, Emails, Promotional Items, Radio Ads, Site Signs, Television Ads, Trade Show Exhibits, Videos
