Rank no. 211 – School of Rock – US

Products & Services: Music education

Number of Locations: 115

Total Investment: $141.85K – 328.6K

Founded: 1998

Began Franchising: 2005
About School of Rock

Paul Green began offering music lessons out of his home in 1998, and in 2000, he opened the Paul Green School of Rock Music in Philadelphia. He opened more locations and began franchising the schools in 2005 before being bought out by investor Sterling Partners, who changed the name to School of Rock. School of Rock music schools teach guitar, bass, vocals, keyboards and drums, combining weekly private music lessons and group band rehearsals to prepare students for live performances. Day camps are also offered during summer, winter and spring breaks.

Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Startup Costs, Ongoing Fees and Financing

Total Investment: $141,850 – $328,600
Franchise Fee: $49,500
Ongoing Royalty Fee: 8%
Term of Franchise Agreement: 10 years, renewable
FINANCIAL REQUIREMENTS
Net Worth: $300,000
Liquid Cash Available: $100,000
OPERATIONS
33% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 14 – 21. Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators).

How This Franchise Supports Franchisees

Training: Available at headquarters: 4 days. At franchisee’s location: 3 days. Additional training as needed
Ongoing Support: Newsletter, Meetings, Grand opening, Field operations/evaluations, Lease Negotiation
Marketing Support: Ad slicks, National media, Regional advertising,
Franchise Ranking History

Franchise 500®: #211 (2013), #289 (2012), #318 (2011),
America’s Top Global: #162 (2013),

School of Rock

With more than a decade of experience and over 100 schools throughout the United States, Canada, Latin America, and elsewhere, School of Rock is the leader in performance-based after school music education. Students learn from professional musicians in an interactive environment combining weekly one-on-one lessons with structured group rehearsals culminating in a live performance in front of real crowds in real rock venues.

Through our performance-based approach to teaching music, our students are more inspired to learn, more motivated to excel and more confident in everything they do. Our series of programs are specifically designed to take each student through their unique musical journey, always giving them something to aspire to. Whether they are a complete novice or a seasoned musician there will always be something new and challenging for them to reach for. Not only do our students learn to be great musicians but they establish a work ethic, learn teamwork, and gain confidence that they can take with them throughout their lives.
Our Vision and Purpose

Our purpose is to “Inspire kids to rock…on stage and in life.” The unique School of Rock program is truly inspirational to both our students and their parents. They love our program and recommend it to their friends because we focus on five areas we call our immutable truths:

Rock and Roll is our heart and soul
We unleash talent and confidence by performing music
Our instructors live to play and play to live
It’s not just about playing an instrument, it’s about playing on a team
The diversity of our music and students will continue to drive our success

Source: School of rock official website