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School of Rock

2014 Franchise 500
#216
At a Glance

Products & Services: Music education

Number of Locations: 146

Total Investment: $147.9K - $334.6K

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.

Franchise Units

Year U.S. Canadian International Company Owned
2014 117 3 10 16
2013 85 1 6 23
2012 63 0 3 25
2011 46 0 2 22
2010 35 0 1 21
Where Seeking Franchisees: Franchisor is seeking new franchise units in the U.S.,Asia, Australia/New Zealand, Canada, Central America, Eastern Europe, Middle East, Mexico, Philippines, South America, Western Europe.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $147,850 - $334,600
Franchise Fee: $49,500
Ongoing Royalty Fee: 8%
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: 10% off franchise fee
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).
Direct Capital
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, Lease Negotiation
Marketing Support: Ad slicks, National media, Regional advertising,

Franchise Ranking History

Franchise 500®: #216 (2014), #211 (2013), #289 (2012), #318 (2011),
America's Top Global: #137 (2014), #162 (2013),

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