Musicologie Franchise
Audited FinancialsRisk Score
Pending analysis
Investment Range
$192,925 - $363,625
Franchise Fee
$55,000
Total US Locations
8
Business Summary
Musicologie operates music education studios under the "Musicologie" name, providing private music lessons, multi-student accelerated music labs, and rock band group lessons. The business focuses on a membership model, offering weekly lessons with additional benefits like community events, free group classes, open practice hours, and concerts. Studios are designed to be clean, upscale, and modern, featuring private lesson rooms and larger spaces for group classes and events. Musicologie emphasizes a community-focused environment and a high-quality experience for both students and teachers.
Corporate History
Musicologie Franchising, LLC was formed as an Ohio limited liability company on March 25, 2022, and began offering franchises in July 2023. However, the first music studio operating under the Musicologie name was opened in 2014 by an affiliate, Musicologie Limited, which also owns the trademarks. Another affiliate, Musicologie Development LLC, formed in 2018, owns the corporate-operated studios. Soli Studio LLC, formed in 2022, is an affiliate that owns the required software system.
Financial Overview
Investment Range
$192,925 - $363,625
Franchise Fee (Low)
$55,000
Franchise Fee (High)
$60,000
Royalty %
7%
Marketing %
2%
Equipment Costs (Low)
$57,000
Equipment Costs (High)
$175,000
Working Capital
$22,500
Audited Financials
Yes
Offers Financing
No
Audit Opinion
Unqualified opinion
Financial Health Notes
Musicologie Franchising, LLC is a relatively new entity, formed in March 2022. Its financial statements are audited and show an unqualified opinion, indicating that the auditors found no material misstatements and no substantial doubt about the company's ability to continue as a going concern. In 2024, Musicologie reported a net loss of $57,824 but received significant member contributions of $215,000. In 2023, it had a net income of $9,321 with $6,778 in member contributions. The company's revenues have grown from zero in 2022 to $53,549 in 2023, and $151,500 in 2024, reflecting its early stage of development and the growth of its franchising operations.
Financing Details
Musicologie does not offer any direct financing to its franchisees. Franchisees are responsible for securing their own financing, and Musicologie will not guarantee any notes, leases, or other obligations.
Performance Metrics
Total US Locations
8
Franchised Units
2
Corporate Units
6
Avg Square Footage
1,550
Franchising Since
2023
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Summary
Musicologie has no litigation history to report. No legal actions involving the franchisor or its management are required to be disclosed in this document.
Bankruptcy History
Musicologie has no bankruptcy information to disclose in this document. Neither the franchisor nor its management have been involved in any bankruptcy proceedings.
Agreement Terms
Initial Term
10 years
Renewal Term
10 years
Renewal Conditions
To renew the franchise, Musicologie franchisees must not have committed a material breach during the final five years of their initial agreement. They will need to sign Musicologie's then-current franchise agreement, which may have different provisions, although the territory boundaries will remain the same. The continuing royalty rate upon renewal will not exceed the rate charged to new franchisees at that time. Franchisees must also pay a renewal fee of $5,000 when the new agreement is signed.
Training & Support Program
Franchisor Assistance
Musicologie provides pre-opening assistance to its franchisees, including help with site selection and approval, studio layout, and the selection of fixtures, signs, inventory, and equipment. They also provide initial training for the franchisee's Operating Principal, Community Manager, and Studio Trainer for the first two studios. Post-opening, Musicologie offers on-site assistance for the first two studios (up to three days at no extra cost) and may periodically meet or consult with franchisees, although there's no set schedule. Franchisees are provided with a confidential Operating Manual that is regularly updated. Musicologie also assists with approved supplier selection and marketing strategies.
Initial Training Hours
58
Training Location
Columbus, OH
Ongoing Support
Musicologie provides ongoing support to its franchisees by periodically meeting or consulting with them regarding studio operations, though there is no specific time, rate, or frequency for these consultations. Franchisees are also loaned a confidential Operating Manual, which is regularly updated with the proprietary system for operating a Musicologie Studio. Musicologie offers optional ongoing and remedial training programs for a fee, and can provide on-site assistance at the franchisee's request and expense after the initial grand opening support. Musicologie requires franchisees to attend periodic conferences and utilize its designated computer and software systems for business management.
Franchise Requirements
Ideal Candidate Profile
Musicologie looks for franchisees who are capable of appointing and managing key roles such as an Operating Principal, Community Manager, and Studio Trainer, ensuring these individuals are personally involved in the studio's operations and successfully complete all required training. The franchise expects its franchisees and their staff to be well-trained, outgoing, enthusiastic, fun, hospitable, and fully committed to the brand's mission, vision, and values, fostering an inclusive and community-focused environment.
Industry Experience Required
No
Management Experience Required
Yes
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
Retail
Owner Participation
Hands-On
Territory Type
Protected
Territory Size Requirements
Musicologie single-unit studios receive a Protected Area. In suburban areas, this area includes a population of at least 50,000 people, typically covering a radius of about 3-4 miles from the studio, adjusting for natural geographic boundaries. Musicologie reserves the right to define a more limited Protected Area in densely populated regions. Multi-studio developers receive an exclusive territory defined by the number of locations to be developed and individual negotiations. This territory's size will depend on factors like market area requested, population, developer's financial and organizational capabilities, and investment willingness.
Staffing Notes
Musicologie studios are required to have an Operating Principal, a Community Manager, and a Studio Trainer. The Community Manager or a trained manager must be present at the studio during all operating hours. The Operating Principal, who can also be the General Manager, is the primary contact for Musicologie and oversees the chain of studios. The Community Manager oversees each studio's day-to-day operations and staff training. The Studio Trainer is responsible for internally certifying teachers and other personnel. These key personnel must complete initial and ongoing training to Musicologie's satisfaction, and the Operating Principal's replacement requires Musicologie's approval. Musicologie specifies that staff should be well-trained, outgoing, enthusiastic, fun, and hospitable, aligning with the brand's values. Musicologie does not directly control hiring, firing, scheduling, or compensation of franchisee employees.