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Music Go Round
Music Go Round is one of the largest franchise retailers for used musical instruments and equipment. Designed for everyone from the hobbyist to the professional musician, Music Go Round offers a wide selection of used and new items, including acoustic, electric, and bass guitars; brass, wind, and string instruments; drums; amplifiers; keyboards, synthesizers, and digital pianos; MIDI solutions; and studio, pro-sound, lighting, and D.J. equipment. The company buys, sells, consigns, and trades items. Franchisee training takes place in the company?s Minneapolis, MN, headquarters. Support includes assistance with site selection, business planning and management, and advertising/marketing.
Facts & figures
The capital required to open a unit is $75,700. The franchise expects its new franchisees to have a net worth of at least $350,000. $252,300 is the minimum that someone opening a location should expect to invest. The most the franchisor could ask you to invest is $324,000 if you want to become a franchisee. The franchise fee to open a Music Go Round unit is $20,000. In total, there are 35 units of this franchise open today.
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