Music Go Round Franchise

Retailer selling new and used musical instruments

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, trade and consign new and used musical products. Winmark also franchises Once Upon A Child, Plato's Closet, and Play It Again Sports.

Please Note: The operators of Music Go Round, may not have verified the accuracy of the franchise information contained within this website. For accurate up-to-date information, customers are strongly recommended to visit the official Music Go Round website.

Start-up Costs & Franchise Fees

How much does it cost to open a Music Go Round franchise?

Total Investment: $207,000-$283,000
Initial Franchise Fee: $20,000
Royalty Fee: 3%
Advertising Fee:
Term of Agreement: 10 years
Renewal Fee: $5K

How to contact Music Go Round

Music Go Round
4200 Dahlberg Dr., #100
Minneapolis, MN
55422-4837

Phone: (763)520-8582
Toll Free: (800)269-4076
Fax: (763)520-8501

Website: Visit Website

Franchise History

When did the first Music Go Round open? 1986
When did Music Go Round start franchising? 1994

Year U.S.A. Canada International Corporate

2005 41 0 0 1

2004 42 0 0 1

2003 43 0 0 6

2002 49 0 0 6

2001 57 0 0 6

Financing Options

Expense In-House Third Party

Franchise Fee No No

Startup Costs No No

Equipment No N/A

Inventory No No

Accounts Receivable No No

Payroll No No

Training & Support

Support
Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives

Marketing
Co-op advertising, Ad slicks, Regional advertising

Business Operations

10% of all franchisees own more than one unit
Number of employees needed to run franchised unit: 3
Absentee ownership of franchise is NOT allowed. (95% of current franchisees are owner/operators)

Qualifications & Business Experience

Business Experience:

Industry experience
General business experience

Listing Tags

used musical gear, used musical instruments, used guitars, fender guitar, gibson guitar, vintage, music go round, used band instruments, percussion, violin, viola, cello, saxophone, trumpet, clarinet, oboe, drums, cymbals, band night, synthesizers, keyboards, bass guitar, recording equipment, pianos, amplifiers, microphones, speakers, rock bands, multitrack, digital, music accessories, mixers, pa, pro sound, band, orchestra, music lessons instruction, drum machines, sheet music, effect pedals, monitors, cables, mics, amps, dj, buy, sell, trade, cheap, discount, electric guitar, acoustic guitar, exchange, guitar pedals, wah wah, delay, echo, distortion, reverb, epiphone, fender, godin, gretch, guild, guild guitar, gibson, rickenbacher, rickenbacker, larrivee, martin, martin guitar, national, regal, santa cruz, seagull, takamine, taylor, yamaha, yamaha guitar, godan, hamer, prs, paul reed smith, breedlove, squier, squier guitar, oscar schmidt, pedulla, gibson banjo, montana, flatiron, kentucky, kentucky mandolin, cremona, mustang, music master, ernie ball, musicman, mesa boogie, stratocaster, telecaster, les paul, firebird, flying v, explorer, kustom, naylor, orange, orange amps, peavey, pignose, polytone, roland, rolandus, sovtek, svetlana, strings, guitar strings, bass strings, guitar accessories, effects, guitar effects, recording, analog, digital recording, cases, guitar cases, gig bag, tubes, audio tube, tube amp, tube amplifier, electro-harmonix, dod, digitech, boss, hartke, dawn, ev, electro-voice, shure, audio technica, akg, nady, wireless, bartolini, emg, dimarzio, seymour duncan, thinline, transducer, fishman, sunrise, art, dunlop, zoom, morley, metronome, guitar tuner, tuner, kazoo, picks, plectrum, skb

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