image
Listing Logo

Music Go Round

Rockin’ Out with Music Go Round: A Franchise […]

Interested in Franchise ownership?

Franchise Costs and Requirements

Franchise Details

Year Established: 1986
Category Locations: Retail
Available Ownership Type: Owner Operator- Full Time Job, Executive- Hire a team to run one office.
Corporate HQ City: Minneapolis
Corporate HQ State: MN
Investment Range: $100,000+
Canada Franchising: Yes
Latin America Franchising: Yes
India Franchising: Yes
Franchise Fee: $25,000
Royalty Percentage: 4% gross rev.%
Veteran Discount: Yes
E2/EB5 Visas: Yes
Master Franchise Opportunities: Yes

Background

Rockin' Out with Music Go Round: A Franchise Overview in 3 ChordsMusic Go Round isn't just a music store, it's a haven for passionate musicians and gearheads. As the world's largest reseller of used musical instruments and equipment, they've been helping musicians make music and save money for over 40 years. But did you know you can own a piece of the action yourself through their franchising program? Let's dive into three key reasons why Music Go Round might be the perfect franchise for you:1. Proven Track Record and Passionate Community:Music Go Round boasts a powerful one-two punch: a successful business model backed by decades of experience and a thriving community of music lovers. With over 130 locations across the US, they've mastered the art of buying, selling, and trading used instruments, ensuring a steady stream of customers and gear. Plus, their franchisees share a genuine passion for music, creating a supportive and collaborative network where everyone wins.2. Broad Appeal and Diverse Inventory:Music Go Round caters to musicians of all levels and styles, from seasoned pros seeking vintage gems to beginners hunting for their first affordable instrument. Their inventory is vast and ever-changing, encompassing guitars, drums, keyboards, DJ equipment, pro sound gear, and more. This variety keeps things fresh and attracts a wider customer base, boosting your potential sales and market reach.3. Comprehensive Support and Proven Success:As a Music Go Round franchisee, you're not alone. They provide extensive training and ongoing support in every aspect of running your store, from marketing and inventory management to sales and customer service. Their proven operating systems and established brand recognition give you a head start in the competitive music retail landscape. Plus, with the average Music Go Round franchise generating over $1 million in annual sales, the potential for success is undeniable.So, if you're passionate about music, have a knack for business, and are ready to join a vibrant community, then Music Go Round might be your musical match. With their robust infrastructure, diverse inventory, and unwavering support, they offer a franchise opportunity that's sure to strike the right chord.Remember, this is just a brief overview. If you're interested in learning more about the Music Go Round franchise, I encourage you to visit their website or contact them directly. With a little research and a lot of passion, you could soon be the proud owner of your own Music Go Round store, helping others make beautiful music while rocking your own entrepreneurial dreams!

Support & Training offered by Music Go Round

Music Go Round Franchisee Support and Training:Music Go Round provides comprehensive support and training to help their franchisees hit the ground running and achieve success. Here's an outline of what you can expect:Pre-opening:New Franchisee Orientation Training (NFOT): A 5-day program covering:Business plan development: Learn to build a 3-year plan for securing financing and maximizing success.Real estate matters: Guidance on site selection, lease negotiation, and store set-up.Winmark's service vendor program: Connect with preferred vendors for equipment, technology, and other crucial services.Management and operation: Gain foundational knowledge on running a retail franchise.Post-opening:Concept Training: 5+ days of in-depth training covering:Sales and customer service: Techniques for closing deals, providing exceptional service, and building customer loyalty.Marketing and advertising: Learn effective strategies to reach your target audience and attract customers.Computer operation and store inventory management: Master the point-of-sale system, inventory management processes, and pricing strategies.Staff and financial management: Develop skills for staff training, payroll, budgeting, and financial reporting.Additional topics: May include instrument evaluation, marketing campaigns, and best practices for specific product categories.Ongoing Support:Regional field consultants: Dedicated support from experienced professionals who offer guidance, problem-solving assistance, and best practice sharing.Webinars and online resources: Access to continuous learning through online materials, training modules, and live webinars covering various topics.National conventions and conferences: Network with other franchisees, share experiences, and learn from industry experts at annual events.Marketing and advertising initiatives: Benefit from national marketing campaigns and brand recognition built by Music Go Round.Technology and operational support: Receive assistance with point-of-sale systems, inventory management tools, and other operational platforms.Additional perks:Buying power and supplier relationships: Leverage Winmark's established relationships with major suppliers to secure advantageous pricing and product availability.Technology platform and operational systems: Utilize proven point-of-sale systems, inventory management tools, and marketing resources.Brand recognition and established reputation: Benefit from the established reputation and customer base of the Music Go Round brand.Overall, Music Go Round provides a robust support system designed to equip franchisees with the knowledge, tools, and resources needed to build and thrive in the musical instrument retail market.

Additional Information

Category Location Retail
Number of Units Open
Investment Range $275,000 - $300,000
Master Franchise false
Home based franchise YES
Item 19 Franchise YES
Veteran Discount YES
Franchise Opportunities in Canada YES
International Franchise Opportunities
E2/EB5 Visa Franchise YES
Franchise Journal Magazine

Franchise Journal Magazine is your go to resource for everything you need to know about franchising.

VIEW THE MAGAZINE
The Franchise Consulting Company

We are the World’s Leading Franchise Experts

SCHEDULE A CONSULTATION
The Great American Franchise Expo

America’s Premier Regional Franchise Expo

VISIT THE WEBSITE
Hide This Bar
image