Maestro
Guitars Partnership
Program
What
is Maestro Guitars Partnership Program?
It is a special collaboration between Maestro Guitars Singapore
and you in your country or market of influence. Under this collaboration,
the 2 companies will come together to form a subsidiary/partnership
company in the country, this company will have the full rights to
distribute, retail and market Maestro Guitars in the market of the
partner.
Other than Maestro Guitars, the partner can also gain access to
the full range of guitars and guitar accessories which MY MUSIC
SG distributes in Singapore. The subsidiary would be viewed upon
as a separate legal entity from Maestro Guitars Singapore and will
be non-restrictive to other brands which the subsidiary company
can distribute/retail as subjected to both partners’ approval.
What
can Maestro Guitars provide?
We had already established 3 retail stores and strong dealership
network in Singapore with different concepts for each store and
we are ready to share our method of running the store, inventory
control, store design, staff training and many other ideas for cost
control as well as supplies sharing. We aim to bring down the cost
and minimize startup problems with new outlets, bring the store
to breakeven point in the shortest possible time and maximize profitability
as well as sustainability in the long run. In short, we want to
realize your dreams of owning a pro-guitar business and minimizing
your business risk!
How
much investment does Maestro Guitars Partnership Program required?
| Item |
Estimated Cost (SGD) |
When
Due |
To
Whom Payment is Made |
| Initial Stock
Purchase |
$50,000 to
$75,000 |
As Incurred |
Suppliers |
| Renovation
Plans and Permits |
$15,000 to
$30,000 |
As Incurred
|
Contractor,
City & State Licensing Authority |
| Furniture,
Fixtures, Equipment, Casework, & POS |
$10,000 to
$20,000 |
As Incurred
|
Suppliers |
| Signage |
$2,500 to $5,000 |
As Incurred
|
Contractor |
Professional Fees |
$2,000 to $3,500 |
As Arranged |
Professional
Fees Attorney, Accountant, etc. |
| Initial Training
|
$2,000 to $3,000
|
As Incurred
|
Maestro Guitars
Singapore |
Insurance |
$500 to $1,000
|
As Incurred
|
Insurers |
| Grand Opening
Promotion |
$3,000 |
As Incurred
|
Suppliers |
| Subtotal: |
$84,550
to $140,100 |
|
|
ADDITIONAL ESTIMATED EXPENDITURES:
3 months’ operating expenses: S$30,000 (estimate)
You
will need additional funds to support on-going expenses, such as
payroll and utilities, to the extent that these costs are not covered
by sales revenue. New businesses often generate a negative cash
flow. We estimate that the amount given will be sufficient to cover
on-going expenses for the start-up phase of the business, which
we calculate to be 3 months. This is only an estimate, however,
and there is no assurance that additional working capital will not
be necessary during the start-up phase or after.
Before we go into more details, we would really love to know you
more. Please email us more information with regards to your passion,
biography, your vision for the partnership, ideology of the store,
area of influence in your market and most importantly your financial
commitment to the partnership. We usually commit up to a maximum
of 50% for all the investment that we go into the partnership. For
the next step, we will need to know more about you before we proceed
with the more intricate details. Do contact us via email or phone
call.
What
do Maestro Guitars hope to achieve with this partnership?
We aim to provide Maestro Guitars a more powerful entry into the
market of your influence in a win-win situation as well as building
a possible international network of alliance which we can share
resources across the globe. The company established should be able
to serve as Maestro Guitars’ base of operation in the market.
We are pretty much open to suggestions on how we can achieve this
and other possible tie-ups other products and business plans. Armed
with your local knowledge of the industry, we would be able to gain
a foothold in your market faster. We hope not only to provide quality
handcrafted instruments but also excellent quality before and after
sales service.
So
what does it take to be a Maestro Guitars Partner?
1) Share the same vision of marketing and providing a world-class
guitar
2) Strong conviction in the business model and Maestro Guitars.
3) S$30K to S$80K of Cash Liquidity
4) Strong knowledge of your local Guitar market will be strong advantage
in the start.
5) Majority of the time spent in local domestic market to physically
over see the business.
6) Excellent Location with great rental is the first step to kick
starts everything.
7) There is no existing partner in your market. We only appoint
1 partner per market.
If
you are interested in exploring such an opportunity with us, please
do not hesitate to write to hozen@maestroguitars.com.
We look forward to a wonderful business relationship with you! |
