Appropriate capitalization is a critical factor in the success of any business. Therefore, minimum requirements for net worth and liquid assets have been established for those wishing to become a Music Go Round® franchise owner. These figures are representative for each individual location.
Either individually, or with the assistance of a financial partner, applicants will have access to $105,000 in cash or liquid assets* that can be turned into cash. Additionally, the applicant should have assets of $245,000 to be used as collateral to obtain appropriate financing. These financial requirements are based around the total investment costs of the business, $253,450 - $325,200.
*Liquid asset examples include: cash, non-retirement stocks and bonds, etc.
Please note: Written financial documentation will be required as you move forward in our franchise process. Funds quoted above are in U.S. dollars.
Royalty Fee is 3% of gross sales, paid weekly.
Real People. Real Stories. Our franchisees talk about what it's like to own a Music Go Round. Testimonials.