Music Go Round Franchise FDD, Costs & Fees (2025)

KEY FRANCHISE STATS

All you need to know about this franchise in a snapshot

Franchisees

?

34
+
-8%
-8%
Investment required

?

$337,000 - $431,000
Revenue (AUV)

?

$1,116,000
Undisclosed
Pro
+
3.5%
+
xx%
-xx%
3.5%
Initial franchise fee

?

$25,000
Royalty fees

?

4.00%
+
5% - 7% plus $1,500 per year
Operating Profit

?

n.a.

Pro
Franchisees

?

34
+
-8%
-8%
Investment required

?

$337,000 - $431,000
Franchise fee

?

$25,000
Royalty fees

?

4.00%
+
5% - 7% plus $1,500 per year
Revenue (AUV)

?

$1,116,000
Undisclosed
Pro
+
3.5%
+
xx%
-xx%
3.5%
Operating Profit

?

n.a.

Pro

Music Go Round: Revolutionizing Musical Instrument Resale

Founded in 1986 by Bill Shell in Minneapolis, Minnesota, Music Go Round has established itself as a premier retailer specializing in the buying and selling of quality used musical instruments and equipment. Acquired by Winmark Corporation in 1993, the brand began franchising in 1994 and has since expanded to over 35 locations across North America.

Music Go Round offers a diverse inventory that includes guitars, keyboards, percussion instruments, pro sound equipment, and accessories. By purchasing used gear from customers and reselling it at affordable prices, the company provides musicians with access to high-quality instruments without the premium price tag.

What sets Music Go Round apart is its commitment to sustainability and community engagement. The brand recycles over 225,000 items annually, keeping millions of pounds of instruments and accessories out of landfills. Additionally, the stores serve as hubs for musicians to connect, offering a clean, curated space managed by knowledgeable staff who are passionate about music.

By focusing on the resale of musical instruments, Music Go Round occupies a unique niche in the $8 billion music industry, catering to both novice and professional musicians seeking quality gear at reasonable prices.

Initial investment

Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.

Type of Expenditure Amount
Initial Franchise Fee $25,000
Fixtures and Supplies $25,000 to $35,000
Signs $11,000 to $16,000
Security System and/or Cameras $1,500 to $4,000
Point-of-Sale (POS) System $18,050 to $22,000
Leasehold Improvements $9,000 to $11,000
Build-Out $30,000 to $45,000
Deposits and Business Licenses $5,000 to $15,000
Opening Inventory $120,000 to $130,000
Miscellaneous Pre-Opening Expenses $35,000 to $50,000
Rent – First 3 Months $17,500 to $27,500
Additional Funds - 3 Months $40,000 to $50,000
Total $337,050 to $430,500

Franchise Disclosure Document

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Competitors

Franchise
Franchisees
Growth
Initial fee
Investment
Revenue
Gross Profit
Operating Profit
Industry

34

+
-8%
-8%
No growth
New

$25,000

$337,000

-

$431,000

n.a.

$1,116,000

Pro

48.5%

Pro

n.a.

Pro

Retail

Training

The franchise Music Go Round® provides a comprehensive three-part training program for franchisees. Here's how it's structured:

  1. Initial Training Session
    This session is designed to introduce general business topics relevant to running a privately owned retail store. It includes real estate matters, personnel management, business planning, inventory handling, purchasing used products, and using the franchisor’s preferred vendor program. This session typically lasts at least four days.
  2. Business Operations Training
    The second part focuses on core operational competencies such as sales and marketing strategies, inventory purchasing, computer operations, and store management. This session is generally at least five days long.
  3. Hands-On In-Store Training
    Conducted at an existing Music Go Round® store, this session gives practical experience in store operations. It typically lasts a minimum of two days and provides hands-on exposure to running a Music Go Round® location.

Territory Protection

Music Go Round® offers its franchisees an “Exclusive Territory” surrounding their store location. This area is typically a 3 to 5-mile radius and is determined using computer modeling that factors in population density, income levels, and traffic patterns.

During the term of the agreement, the franchisor commits not to establish another franchised or company-owned Music Go Round® store within this Exclusive Territory. However, this territorial protection comes with limitations.

The franchisor and other franchisees are allowed to advertise within a franchisee’s Exclusive Territory and serve customers from it. Additionally, the franchisor retains the right to distribute products via alternative channels, such as the Internet, so long as those actions benefit the franchise network collectively and are not solely for the franchisor’s gain.

Number of units

2025
Franchised units

37

37

34

Company-owned units

0

0

0

Total units

37

37

34

Competitors

The B-12 Store

Investment required
$81,000
-
$223,000
Franchisees
47
+
18%
18%

Your CBD Store

Investment required
$93,000
-
$149,000
Franchisees
291
+
81%
81%

Wild Birds Unlimited

Investment required
$224,000
-
$379,000
Franchisees
340
+
3%
3%

Piggly Wiggly

Investment required
$1,404,000
-
$4,857,000
Franchisees
84
+
-1%
-1%

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A comprehensive and transparent look at franchising finances. The inclusion of profit margins and disclosure documents offers insights you can’t find elsewhere. Essential for anyone considering a franchise investment.

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