School of Rock
#239 Franchise 500| Music education

School of Rock
Music education

About
Founded

1998

Franchising Since

2005 (14 Years)

Corporate Address

1 Wattles St.
Canton, MA 02021

CEO

Rob Price

Parent Company

Sterling Partners

Financial Requirements
Initial Investment

$169,350 - $399,100

Net-worth Requirement

$300,000

Liquid Cash Requirement

$100,000

Ongoing Fees
Initial Franchise Fee

$49,500 - $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

Support Options
Ongoing Support

Purchasing Co-ops

Newsletter

Meetings/Conventions

Toll-Free Line

Grand Opening

Online Support

Security/Safety Procedures

Field Operations

Site Selection

Proprietary Software

Franchisee Intranet Platform

Marketing Support

Co-op Advertising

Ad Templates

Regional Advertising

Social media

SEO

Website development

Email marketing

On-The-Job Training:

5 hours

Classroom Training:

25 hours

Additional Training:

Additional training as needed

Absentee Ownership Allowed
Number of Employees Required to Run:

14 - 21

School of Rock is ranked #239 in the Franchise 500!
Bio
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.
Cost
Initial Investment: Low - $169,350 High - $399,100
Units
+7.0%+14 UNITS (1 Year) +21.6%+38 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units worldwide.

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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: September 27th, 2018