My Music Skool
At a Glance
Products & Services: Music lessons, camps, parties & supplies
Number of Locations: 2
Total Investment: $70.47K - 515.05K
Founded: 2008
Began Franchising: 2010
Franchise Units
| Year | U.S. | Canadian | International | Company Owned |
| 2010 | 0 | 0 | 0 | 2 |
| 2009 | N/A | N/A | N/A | 2 |
Where Seeking Franchisees: Franchisor is seeking new franchise units in the following states:
Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Georgia, Iowa, Idaho, Kansas, Louisiana, Massachusetts, Maine, Michigan, Missouri, Mississippi, Montana, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Vermont, West Virginia, Wyoming.
Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Georgia, Iowa, Idaho, Kansas, Louisiana, Massachusetts, Maine, Michigan, Missouri, Mississippi, Montana, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Vermont, West Virginia, Wyoming.
Startup Costs, Ongoing Fees and Financing
Total Investment: $70,465 - $515,050
Franchise Fee: $25,000 - $35,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Franchise Fee: $25,000 - $35,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $300,000
Liquid Cash Available: $50,000
Operations
Number of employees needed to run franchised unit: 1 - 2. Absentee ownership of franchise is allowed..| Financing Type | In-House | Third Party |
| Franchise Fee | ||
| Startup Costs | ||
| Equipment | ||
| Inventory | ||
| Accounts Receivable | ||
| Payroll |
How This Franchise Supports Franchisees
Training: Available at headquarters: 40 hours. At franchisee's location: 24 hours. Home study : 40 hours.
Ongoing Support: Newsletter, Meetings, Internet, Purchasing cooperatives, Lease Negotiation
Marketing Support: National media, Regional advertising,
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