
My Music Skool
Music lessons, camps, parties and supplies- 2023 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$70K - $515K
- Units as of 2014
-
2
Company Overview
About My Music Skool
- Industry
- Children's Businesses
- Related Categories
- Children's Enrichment Programs: Miscellaneous, Tutoring
- Founded
- 2008
- Leadership
- Yumi Ha, Founder and CEO
- Corporate Address
-
2553 S. Colorado Blvd., #109UL
Denver, CO 80222
Business Overview
- Franchising Since
- 2014 (2023-2014 years)
- # of employees at HQ
- 2
- Where seeking
-
This company is offering new franchisees in the following US states:
- # of Units
- 2 (as of 2014)
Information for Franchisees
Here's what you need to know if you're interested in opening a My Music Skool franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
-
Initial Franchise Fee
Information Circle - $25,000 - $35,000
-
Initial Investment
Information Circle - $70,465 - $515,050
-
Net Worth Requirement
Information Circle - $250,000
-
Cash Requirement
Information Circle - $70,000
-
Veteran Incentives
Information Circle - 25% off franchise fee
-
Royalty Fee
Information Circle - 6%
-
Ad Royalty Fee
Information Circle - 2%
-
Term of Agreement
Information Circle - 10 years
- Is franchise term renewable?
- Yes
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- My Music Skool has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- Ongoing Support
-
Purchasing Co-opsMeetings & ConventionsGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField Operations
- Marketing Support
-
Co-op AdvertisingRegional Advertising
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- Yes
-
Can this franchise be run from home/mobile unit?
Information Circle - No
-
Can this franchise be run part time?
Information Circle - No
-
Are exclusive territories available?
Information Circle - No
Interested in ownership opportunities like My Music Skool? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where My Music Skool landed on this year's Franchise 500 Ranking versus previous years.
Sign Up for Our Franchise Newsletter
Stay up to date on the latest news and trends affecting the franchise industry.
Related Franchises
Are you eager to see what else is out there? Browse franchises that are similar to My Music Skool.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
What Makes Scenthound a Top New & Emerging Franchise
Focusing on out what dogs and their owners actually need helped Scenthound CEO Tim Vogelcreate a successful franchise system.
How to Harness the Power and Money of a Crowd Through Crowdfunding
You don't have to be rich, succumb to ever-growing interest rates, run the risk of your bank collapsing or use your house as collateral to build a franchise. All you have to do is find the right crowd.
Woman Ties the Knot at White Castle Almost 30 Years After the Chain Gave Her Free Food as a Homeless Teen
Jamie West was just 12 years old when she ran away from the foster care system.
Franchise Ownership Made Easy: Best Practices for Managing and Growing Your Business
Using these tips, you can maximize the benefits of franchise ownership and take your business to the next level.
Florida Burger King to Pay $8 Million to Customer Who Slipped and Fell in Restaurant Bathroom
The case marks one of the largest slip-and-fall verdicts in Florida's history.
6 Things to Consider When Getting Out of a Franchise Agreement
Want to get out of your franchise agreement? Here are six things to consider