for Music Go Round
Appropriate capitalization is a critical factor in the success of any business. We qualify Music Go Round candidates on an approximate investment of $350,000 to open a music resale store. However this investment will vary depending on the market and other factors. Either individually or with a financial partner, our minimum net worth and liquid asset requirements are as follows:
$105,000 – Cash or liquid assets.*
$245,000 – Equity or other assets to be used as collateral to obtain sufficient bank financing.
*Liquid asset examples include: cash, non-retirement stocks and bonds, etc.
Verification of financial data such as cash available will be required as you move forward in our franchise process. Funds quoted above are in U.S. dollars.
Interested in more detailed franchise costs and investment information?
Music Go Round Fast Facts
Sales and Gross Margin:
Top Quartile Average Gross Sales: $1,514,671*
Top Quartile Average Gross Profit: $736,130*
Males age 18-44
Middle to upper income households, Active Music Network in market
Product Selection: Guitars, Percussion, Band Instruments, Keyboards/MIDI, Pro Sound, Accessories
Middle class or Urban “uptown” areas, Power strip or regional mall centers
2,800 – 3,200 square feet