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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.
Interested in more information on Music Go Round franchise opportunities? Click here for Frequently Asked Questions or fill out our Request for Information Form today. Or simply call our toll free Music Go Round Franchise Information Line at (800) 592-8049 to talk to one of our helpful Franchise Developers who will help you understand the process.