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B61/100FDD 2026

Music Go Round — Litigation & Risk

Retail · FDD Items 3, 4 & 5

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Lower Risk

No litigation cases disclosed in FDD Items 3 and 4.

Source: FDD Items 3–5

FDD Items 3 & 4

Litigation Metrics

Cases disclosed
0
Total from FDD Items 3 and 4
Bankruptcy (Item 4)
Franchisor or officer bankruptcy
Overall risk score
61 / 100
FranchiseVerdict composite
Rating
MODERATE
STRONG / MODERATE / CAUTION / AVOID

7(a) FOIA data · FY2020–present

SBA Loan Performance

Aggregated from public SBA 7(a) loan disclosures. Default rate is the share of loans that were charged off or settled for less than the full balance.

Total 7(a) loans
49
Government-backed loans issued
Default rate
23.3%
vs <3% typical · system-wide
5-yr default rate
Defaults
10 loans
Loans charged off or defaulted
Total loan volume
$10.7M
Avg loan size
$219K
Participating lenders
32

FDD Items 5, 6 & 17 — what you give up

Contract Risk Indicators

Mandatory arbitration
Required
Disputes resolved outside court — limits your legal options
Jury trial waiver
Waived
You give up the right to a jury trial
Non-compete
2 yrs
Post-termination restriction on similar businesses
Franchisor can compete
Yes
Franchisor can open competing locations in or near your territory
Right of first refusal
Yes
Franchisor can match any purchase offer when you try to sell
Governing law
Minnesota
State whose law governs disputes — relevant if you're not based there

What drove the 61/100 rating

Risk Score Breakdown

  1. 01MINORStagnant unit growth of only 2.9% YoY with only 35 locations suggests mature/declining system
  2. 02MINORNo Item 19 financial performance disclosure despite $1.58M average revenue — opacity around actual franchisee profitability
  3. 03MINORNet income margin of only 9.3% ($146,957 on $1.58M sales) is thin and leaves little room for error or unexpected costs
  4. 04MINORHigh initial investment ($335K-$443K) combined with slow growth indicates recovering or struggling system

Severity inferred from FDD text — not a regulatory or legal classification

Litigation data from FDD Items 3, 4, and 5. SBA data from public 7(a) FOIA records (FY2020–present). Not legal advice — consult a franchise attorney before signing any franchise agreement.