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Music Go Round

Franchise

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

Liquid capital required
$75,700
Net worth required
$350,000
Investment
$252,300 - $324,000
Franchise fee
$20,000
Units in operation
35

Overview

You'll need $75,700 in liquid capital to open a Music Go Round. The franchise expects its new franchisees to have a net worth of at least $350,000. The minimum you would expect to invest in a Music Go Round location is $252,300. $324,000 is the most that Music Go Round expects its owners will need to invest in a new location. New franchisees can expect to pay a $20,000 franchise fee for the rights to open their own location. In total, there are 35 units of this franchise open today.

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