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School of Rock

2012 Franchise 500
#289
At a Glance

Products & Services: Music education

Number of Locations: 70

Total Investment: $115.65K - 321.7K

Founded: 1998

Began Franchising: 2005

Private Owned

Franchise Units

Year U.S. Canadian International Company Owned
2011 46 0 2 22
2010 35 0 1 21
2009 30 0 1 22
2008 27 0 0 19
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.

Startup Costs, Ongoing Fees and Financing

Total Investment: $115,650 - $321,700
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).
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

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,
Marketing Support: Ad slicks, National media, Regional advertising,

Franchise Ranking History

Franchise 500®: #289 (2012), #318 (2011),

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Entrepreneur Magazine's Entrepreneur of 2012 - Presented by The UPS Store