Music Go Round FDD Summary
Type of Business
The franchisee will own and operate a Music Go Round® retail store from which the franchisee will sell quality used and new musical instruments, speakers, amplifiers, music-related electronics and related accessories.
Corporate Information
Winmark Corporation was incorporated under the laws of the State of Minnesota on July 20, 1988 under the name “Play It Again Sports Franchise Corporation.” In July 1993, Winmark’s corporate name was changed from “Play It Again Sports Franchise Corporation” to “Grow Biz International, Inc.” In November 2001, their corporate name was changed from “Grow Biz International, Inc.” to “Winmark Corporation.” Winmark’s principal business address is 605 Highway 169 N, Suite 400, Minneapolis, Minnesota 55441. Winmark also conducts business in 4 other separate lines of businesses under the names Play It Again Sports®, Once Upon A Child®, Plato’s Closet® and Style Encore®.
Investment
The total investment necessary to begin operation of a Music Go Round® store is from $262,100 to $335,500. This includes $43,600 to $46,400, which must be paid to the franchisor.