What does a Musicologie Franchise Cost?
Musicologie franchise fees for 2024:
- Cash Investment: $192,000 - $372,000
- Total Investment: $192,000 - $372,000
- Minimum Net Worth: Single Territory: $400,000 3-pack -
$800,000
- Single Unit Franchise Fee: $60,000
- Franchise Fee for Each Additional Unit: $110,000 - 2 units
$135,000 - 3 units $180,000 - 4 units $225,000 - 5 units $240,000 -
6 units $280,000 - 7 units $320,000 - 8 units $360,000 - 9 units
10+ units: $35,000 a piece
- Royalty: 7%
- Ad Fees: Brand Fund: 2% Local: 2% gross sales or $500/month
(the greater)
- Other Fees: See FDD
- Average Number of Employees: 5-10 ; 4 to 6 part time teachers
and 1 full time community manager to start
- Item 19: Yes
- Visa Candidates: No
- Passive Ownership: No
- Executive Model: Executive Model owner hires a full-time
Community Manager, the manager will be responsible for recruiting,
training, and retaining part-time music teachers while overseeing
the day-to-day operations of the studio. The owner will assist the
Community Manager in building relationships within the community,
including local schools and other child enrichment businesses.
Additionally, the owner will manage key performance indicators
(KPIs) and monitor the studio's growth, provide financial oversight
and budgeting, and implement sales strategies and marketing plans
to ensure the studio's success.
- If Owner-Operator - Franchisee will also oversee all Community
Manager and studio responsibilities
- Home-Based: No
- B2B: No
- Master Franchise Opportunities: No
- Veteran Discount: Yes ($5,000 (1st unit only))
Is Musicologie a Semi Absentee Franchise with a Passive Ownership Opportunity?
No. Musicologie is not a semi absentee franchise. The owner of the franchise (the franchisee) is expected to be involved in all aspects of day-to-day operations.
Is Musicologie a Home Based franchise?
No. Musicologie is not a home based franchise opportunity.
What Do Musicologie Franchise Owners Make?
Click here to find out how much Musicologie franchisees make. Musicologie offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.
Is Musicologie a Master Franchise Opportunity?
No. Musicologie is not a master franchise opportunity.
Does Musicologie Offer a Veteran Discount?
Yes. Musicologie franchise does offer a veteran discount.
Does Musicologie Work with E2 Visa and EB-5 Visa Candidates?
No. Musicologie franchise does not work with E2 Visa and EB-5 Visa candidates.
Is Musicologie Looking for Franchisees in Canada?
No. Musicologie franchise is not looking for Canada franchisees.
Is Musicologie Looking for International franchisees?
No. Musicologie franchise is not looking for International franchisees.
Where can I see Musicologie's FDD (Franchise Disclosure Document)?
Buying a Franchise Guide: What is a Franchise Disclosure Document?
When evaluating a franchise opportunity, reading and understanding the current version of their FDD is a necessity. Considering the benefits of franchising, such as established brand recognition and support from the franchisor, it's important to also take into account franchise fees and franchising royalty fees. Since most franchisors are privately owned companies, the current versions of their FDDs are typically not available unless requested directly from them.
Click here to connect with a Franchise Consultant who can help you obtain a copy quickly and for free. They can also guide you through the essential franchise questions to ask, ensuring you make a well-informed decision about your investment.