My Queue

Your Queue is empty

Click on the next to articles to add them to your Queue

Franchise: Music Go Round

Initial Investment
LOW:$261,500
HIGH: $334,800
Change in Units
+3.0% +0 UNITS (1 Year)
+3.1% +1 UNITS (3 Years)

Ongoing Support
Grand Opening
Field Operations

Training Onsite: 4 days

Training at headquarters: 10 days

Number of employees required to run: 3

About Music Go Round

In 1986, Bill Shell opened Hi Tech Consignments Inc., a Minneapolis-area buyer and seller of new and used musical instruments, gear and equipment. Seven years later, after the company was purchased by Winmark (formerly Grow Biz), it changed its name to Music Go Round. Music Go Round stores buy, sell and trade new and used musical products. Winmark also franchises Once Upon A Child, Plato's Closet, Style Encore and Play It Again Sports.

Founded

1986

Franchising Since

1994 (23 Years)

Corporate Address

605 Hwy. 169 N., #400 Minneapolis, MN 55441

CEO

Brett Heffes

Parent Company

Winmark Corp.

Ticker Symbol

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S.

Financial Requirements

Initial Investment

$261,500 - $334,800

Net-worth Requirement

$300,000

Liquid Cash Requirement

$78,450 - $100,440

Ongoing Fees

Initial Franchise Fee

$25,000 - $25,000

Ongoing Royalty Fee

3%
Free Franchise Consultation
Fran Choice We've helped over 5,000 people find the right franchise. Get a FREE consultation and find out how you can be next.
Start Now
Guidant Financal Learn how to invest your IRA or 401k into a franchise. ($50k min)

Franchise Articles

3 Core Strategies For Building Successful Franchise Organizations

How to attract potential franchisees to invest in your business.

The Best Franchises for Any Budget

We ranked the top 50 franchises for three different budgets: less than $100,000; $100,000 to $500,000 and more than $500,000.

The 5 Best Retail Franchises You Can Buy Right Now

Are you a natural salesperson? Then take full advantage with a retail franchise.

Why Fitness Franchises Are Booming

With aggressive expansion strategies and low membership costs, fitness clubs are looking to rapidly expand -- and franchisees are lining up to get in on the action.

Success Speaks For Itself: Whissle Hospitality Group

The co-founders of Whissle Hospitality Group –the company behind F&B brands like Okku, Claw and more in Dubai are all set to take their enterprise to the next level.

Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: May 15th, 2017

Reprints & Licensing
Update Your Listing
Submit New Listing