CD Warehouse
At a Glance
Products & Services: New/used music & movies
Number of Locations:
Total Investment: $127.1K - 164.3K
Founded: 1992
Began Franchising: 1992
Private Owned
About CD Warehouse
Mark Kane began selling compact discs at a Texas flea market in 1992. The $3,000 he made that first weekend inspired Kane to expand his concept into the CD Warehouse retail chain.From that initial flea market booth, the company has opened locations throughout the U.S. as well as in Canada, England, France, Guatemala and Venezuela.
Startup Costs, Ongoing Fees and Financing
Total Investment: $127,100 - $164,300
Franchise Fee: $20,000
Ongoing Royalty Fee: 4-5%
Term of Franchise Agreement: 10 years, renewable
Franchise Fee: $20,000
Ongoing Royalty Fee: 4-5%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $150,000
Liquid Cash Available: $40,000 - $60,000
Operations
50% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 1 - 4. Absentee ownership of franchise is allowed. (60% of current franchisees are owner/operators).| Financing Type | In-House | Third Party |
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How This Franchise Supports Franchisees
Training: Available at headquarters: 5-8 days. At franchisee's location: 3 days. At training center : As needed.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations,
Marketing Support: Ad slicks,