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.
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.
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.
The franchise Music Go Round® provides a comprehensive three-part training program for franchisees. Here's how it's structured:
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.
Below are some of
Music Go Round
key competitors in the
Other Retail
sector.
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$25,000
$337,000
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$1,116,000
$xxx,xxx
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