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THE INTERFACE FINANCIAL GROUP® provides specialty financial services for expanding companies. INTERFACE franchisees focus on "purchasing receivables'" in order to accelerate their clients' cash flow.
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Brightway Insurance is a Property & Casualty Insurance franchise that offers the look and feel of a direct writer agency with the selection, service and pricing options of a leading independent agency.
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Since 1981, KIDDIE ACADEMY® has provided a better way to care for and educate children and create stronger communities. We've been an education-based childcare leader for more than 30 years.
Music Go Round
- Winmark Corporation
- WINA
Minneapolis, MN 55441
- (800) 592-8049 / (763) 520-8582
- (763) 520-8501 (Fax)
- Ms. Becky Geyer, Franchise Development Department
- [email protected]
MUSIC GO ROUND stores buy, sell and trade quality used and new instruments, equipment and accessories.
Franchisor Background
Year Established: 1986
Franchising Since: 1994
Operating Units
| Franchised Units | 34 | 100.0% |
|---|---|---|
| Company-Owned Units | 0 | 0.0% |
| Total Operating Units | 34 | 100% |
Geographic Distribution
| USA | 35 | 100.0% | In 25 States |
|---|---|---|---|
| Canada | 0 | 0.0% | In 0 Provinces |
| International | 0 | 0.0% | In 0 Foreign Countries |
| Total | 35 | 100% |
Multi-Unit Operators
| Multi-Unit Operators | N/A |
|---|---|
| Franchises Owned by Multi-Unit Operators | N/A |
North American Unit Density
| Density | Units |
|---|---|
| Texas | 4 |
| Michigan | 3 |
| Wisconsin | 3 |
Registered in the following Registration States
California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin, District of Columbia
Back to TopSupport and Training
General Information
| IFA Member | Yes |
|---|---|
| CFA Member | No |
| Franchisee Association? | No |
| Size of Corporate Staff | 97 |
| Site Selection Assistance |
Yes |
| Lease Negotiation Assistance | Yes |
| Financial Assistance | No |
Marketing Support
| Co-Op Advertising | No |
|---|---|
| National Advertising | No |
| Regional Advertising | No |
| Local Advertising | No |
| Marketing Materials | Ad Slicks, Brochures, Catalogs, Coupons/Rebates, Direct Mailers, Emails, Promotional Items, Radio Ads, Site Signs, Television Ads, Trade Show Exhibits, Videos |
| Additional Services: | Grand Opening, In-House Marketing, Marketing Research, Newsletter, Online Extranet, Press Releases, Sales Strategies |
Ongoing Support
| Central Data Processing | N/A |
|---|---|
| Central Purchasing | N/A |
| Field Operation Evaluation | Included |
| Field Training | Included |
| Initial Store Opening | Included |
| Inventory Control | Included |
| Franchisee Newsletter | Included |
| Regional or National Meetings | N/A |
| 800 Telephone Hotline | Included |
Training
| Minneapolis, MN | 4 Days |
| Minneapolis, MN | 5 Days |
Financial Requirements
Investment
| Minimum Net Worth | $350K |
|---|---|
| Cash Investment | $75.7-97.2K |
| Total Investment | $252.5-325K |
| Average Total Investment | $289K |
Fees
| Initial Franchise Fee | $20K |
|---|---|
| Average Franchise Fee | $20K |
| On-Going Royalty | 3% |
| Average Royalty | 3% |
| Advertising Fee | N/A |
Site Information and Requirements
| Average Number of Full-Time Employees | 2 |
|---|---|
| Average Number of Part-Time Employees | 2 |
| Space Needs (in square feet) | 2,500-3,000 |
| Preferred Site Types | Strip Center |
| Encourages Conversions | No |
| Item 19 (Earnings Claim) Provided? | Yes |
| Listed in the SBA Registry? | No |
Franchisee Qualifications
| Financial Net Worth | 5 |
|---|---|
| General Business Experience | 4 |
| Specific Industry Experience | 3 |
| Formal Education | 2 |
| Psychological Profile | 1 |
| Personal Interviews | 4 |
Terms of Contract
| Term of Initial Contract | 10 |
|---|---|
| Term of Renewal Period | 10 |
| Passive Ownership? | Allowed |
| Area Development Agreements? |
No |
| Sub-Franchisor Contracts? |
No |
| Franchisees Allowed to Expand Within Territory? | No |
Expansion Plans
| Projected New Units Over Next 12 Months | 4 |
|---|---|
| USA | Yes, All United States |
| Canada | No |
| Overseas | No |
