School of Rock

School of Rock

School of Rock
#225

Initial Investment

LOW: $113,100
HIGH: $343,600

Change in Units

+6.8% +12 UNITS (1 Year)
+45.7% +59 UNITS (3 Years)

Company Profile

Founded

1998

Franchising Since

2005 (12 Years)

Corporate Address

2101 E. El Segundo Blvd., #102 El Segundo, CA 90245

CEO

Dzana Homan

Parent Company

Sterling Partners

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.

Financials

Financial Requirements

Initial Investment

$113,100 - $343,600

Net-worth Requirement

$300,000

Liquid Cash Requirement

$100,000

Ongoing Fees

Initial Franchise Fee

$49,500

Ongoing Royalty Fee

8%

Ad Royalty Fee

3%

Financing Options

School of Rock has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Veteran Incentives


10% off franchise fee

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S. and in the following regions/states: See List

Operations & Franchisor Support

Training Onsite: 2 days

Training at headquarters: 4 days

Additional Training: Additional training as needed

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations

Marketing Support
Ad Slicks
National Media
Regional Media

Absentee Ownership Allowed

Number of employees required to run: 14 - 21

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: August 1st, 2016

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