Interested in owning and operating your own Music Go Round location in your area? Excellent. At Winmark®, we invite all types of different prospective franchisees to submit qualified applications. It doesn't matter if you have a long history in retail and even whether or not you have owned your own business before. Instead, our company and its brands have thrived due to our partnerships with enterprising franchise partners who are passionate about their work and the success of their store.
We're ready to hear from you. Submit your qualification form to our team here at Winmark today!
Qualification & Your Finances
The first step toward becoming the owner of a Music Go Round franchise business is submitting our qualification form. This will include basic information about yourself and where you're looking to open the location. Our Winmark team will then get back to you and confirm your financial information.
To open a Music Go Round location, we require a minimum of:
- $245,000 for investment
- $90,000 in cash or liquid assets
If you do not meet these requirements, that's okay. Many of our franchisees partner with family, friends of financial alliances to meet these first requirements and—because Winmark Corporation is so well-regarded in the industry—we have a great track record of success with our franchisees getting funded.
Get to Know Music Go Round
After the necessary financial information is verified, we'll help you schedule visits with existing Music Go Round franchisees. During these visits, you learn firsthand how these stores operate and, more importantly, talk with the owners about what it's like to run the business and work with Winmark.
Following your visits with franchisees, you'll be invited to our Discovery Day here at Winmark headquarters in Minneapolis. This where you'll meet our Music Go Round franchise team and speak with our experts on training, store operations, real estate, marketing, and more. You'll also have a one-on-one meeting with our Brand Director. Discovery Day is the perfect opportunity for us to get to know you more—and for you to learn more about Winmark!
Joining the Winmark Family
Once we both decide to move forward with this franchise opportunity, you're ready to officially join the Music Go Round team here at Winmark! You'll promptly be sent the franchise agreement and we'll enroll you in your first week of training. It will still take a few months to get to your Music Go Round grand opening, but while the location is prepped, you'll gain the knowledge, insight, and training you need to ensure your store is ready to be a powerful force in your local marketplace!
Have more questions about our qualification process? Our Winmark franchising
team has the answers.
Call us at (866) 595-0053 today!
Sales & Gross Margin
Average Store Gross Sales: $944,094*
Average Gross Profit: $458,213*
Top Quartile Average Gross Sales: $1,567,730*
Top Quartile Average Gross Profit: $743,823*
Males age 18-44
Beginner musicians, hobbyists and professionals
Middle to upper income households, Active Music Scene
Product Selection: Guitars, Percussion, Band Instruments, Keyboards/MIDI, Pro Sound, Accessories
Suburban or Urban “uptown” areas, Power strip or regional mall centers
2,800 – 3,200 square feet
*The Average Store numbers are the 2016 Average Gross Sales and Average Gross Profit amounts stated in Item 19 of the 2017 Music Go Round® Franchise Disclosure Document (as reported by the 32 stores that had been in operation at least one year as of December 31, 2016). Of the 32 reporting stores, 13 or 41% of the stores attained or exceeded the Average Gross Sales and 15 or 47% of the stores attained or exceeded the Average Gross Profit. The Top Quartile Average Gross Sales and Average Gross Profit only relates to 8 of the reporting Music Go Round® Stores who ranked in the top 25% of the gross sales range. Of the 8 reporting stores in the top quartile, 3 or 38% of the stores attained or exceeded the top quartile Average Gross Sales and 5 or 63% of the stores attained or exceeded the top quartile Average Gross Profit. A new franchisee’s results will likely differ from these results.