How to Open a When the Music Stops Franchise

When the Music Stops is a dating service based in the United Kingdom. At present, franchises are only available at locations in the UK, and there is no indication they are planning to spread beyond it any point. If you live in the UK, this is not a problem. Start-up costs are low, with the option to pay as little as $4,995 or $9,995, with higher costs being for larger areas. The target demographic is single people in their 20s and 30s. When the Music Stops provides their franchisees with a 2-day training course and with building their website. Owning multiple units seems to be mostly a matter of paying to expand your territory.http://www.franchisedirect.co.uk/directory/whenthemusicstops/2311/

Step 1: When the Music Stops History

When the Music Stops was started in January, 2003. It was created in response to the changing meeting culture in the UK. According to them, the trend has shifted to people going out to have a good time and spend time with friends rather than specifically to meet people. This leaves a gap in the market that makes it difficult to find a place to meet people. Apparently 70% of the clientele of pubs, bars and clubs is married or in a committed relationship. When the Music Stops steps in by organizing events specifically for the purpose of allowing their clientele to meet people. Also they have a matchmaking service and dating websites.http://www.whenthemusicstops.com/about-us/

Step 2: When the Music Stops Franchise Requirement

Since When the Music Stops is a service and not a product based franchise, the requirements are few. If there is a minimum net worth required, that information is not listed at the website. Similarly, information on the minimum amount of liquid assets required is not listed, either. There probably are minimum requirements; you’d have to contact the company to find those out. It appears that all you have to do is pay anywhere from 4,995 to 14,995 British pounds, depending on the area you wish to cover, and you’re all set. There is no construction, equipment, or inventory involved, so that’s very likely to be the extent of your start-up costs.http://www.franchisedirect.co.uk/directory/whenthemusicstops/2311/

Step 3: When the Music Stop Franchise Financing Alternatives

As you probably noticed in the Facts section at the top of this page, there is financing available. This financing is not offered by When the Music Stops itself. This is third-party financing done through Natwest or the Bank of Scotland. Franchises can be financed throughout the lifetime of your franchise if you want.

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