Summary of Operation:
Our shops are often described as an Aladdin’s Cave of musical instruments. There are nine branches of Hobgoblin Music across the UK, and in each one you will find a huge range of acoustic, folk, celtic and world musical instruments to try out and compare.
Ideal Franchise Owner:
Must be a musician and have good knowledge of the Folk scene. . Only looking to open one store every year max.
Training Provided:
Training Location:
Support Services:
Year Established: 1976
Year of First Franchise:
Number of Company Outlets: 6
Number of Franchised Outlets: 3
Franchises Planned: 10
Areas of Priority Development:
Overseas Opportunities Exist: USA
Overseas Opportunities Planned:
Total Cost of Franchise: £100,000 + VAT
Initial Investment: £60000
Management Service Fees Payable: 2%
Breakdown of Package:
Financial Assistance Available:
BFA Member: No
IFA Member: No
| Projected Turnover | Projected Profit |
|
|---|---|---|
| Year 1 | £150,000 | |
| Year 2 | £200,000 | |
| Year 3 | £250,000 |
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