- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$196K - $472K
- Units as of 2023
-
10 66.7% over 3 years
Company Overview
About Rockstars of Tomorrow
Industry | Children's Businesses |
---|---|
Related Categories | Children's Enrichment Programs: Music, Children's Education/Enrichment |
Founded | 2007 |
Parent Company | Rockstars of Tomorrow Franchise |
Leadership | Mike Lewis, Director of Business Developmet |
Corporate Address |
1900 Lampton Ln. Norco, CA 92860 |
Social | Facebook, LinkedIn, Instagram, YouTube, Pinterest |
Business Overview
Franchising Since | 2015 (9 years) |
---|---|
# of employees at HQ | 9 |
Where seeking |
This company is offering new franchises throughout the US. |
# of Units | 10 (as of 2023) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Rockstars of Tomorrow franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
|
$35,000 - $45,000 |
---|---|
Initial Investment
|
$195,500 - $472,000 |
Net Worth Requirement
|
$300,000 |
Cash Requirement
|
$150,000 |
Veteran Incentives
|
15% off franchise fee |
Royalty Fee
|
8% |
Ad Royalty Fee
|
1.5% |
Term of Agreement
|
10 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
In-House Financing | Rockstars of Tomorrow offers in-house financing to cover the following: accounts receivable |
---|---|
Third Party Financing | Rockstars of Tomorrow has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, payroll |
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | 22.75 hours |
---|---|
Classroom Training | 20 hours |
Ongoing Support |
Meetings & Conventions
Grand Opening
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
|
Marketing Support |
Co-op Advertising
Ad Templates
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | Yes |
---|---|
Can this franchise be run from home/mobile unit?
|
No |
Can this franchise be run part time?
|
No |
Are exclusive territories available?
|
Yes |
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