My Music Skool

At a Glance

Products & Services: Music lessons, camps, parties & supplies

Number of Locations: 2

Total Investment: $70.5K - $515.1K

Founded: 2008

Began Franchising: 2010

Franchise Units

Year U.S. Canadian International Company Owned
2010 0 0 0 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.

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
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,