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How much does it cost to franchise a School of Rock?
Average costs for opening a School of Rock location range from $395,800 – $537,400. To qualify as a candidate, our minimum requirements are $125,000 in liquid assets and $350,000 in net worth (a single candidate or the sum of the assets of a group of investors).
Is School of Rock a good franchise?
With more than 55,000 students worldwide, School of Rock was named one of the 2022 Fastest Growing Franchises in Entrepreneur's Franchise 500. We have over 300 music schools around the world thanks to our strong leadership, years of expertise, and franchisee-focused support.
Who owns the School of Rock franchise?
Sterling PartnersWe have over 300 franchise units open around the world and are continuing to expand both domestically and internationally. Owned by a private equity firm, Sterling Partners, we are provided with resources a smaller music franchise wouldn't have access to.
How much does a franchise cost?
Franchise startup costs can be as low as $10,000 or as high as $5 million, with the majority falling somewhere between $100,000 and $300,000. The price all depends on the industry, location and type of franchise.
How do I open a School of Rock franchise?
To buy a franchise with School of Rock, you'll need to have at least $125,000 in liquid capital and a minimum net worth of $350,000. Franchisees can expect to make a total investment of $322,500 - $521,000.
Is School of Rock a good business?
School of Rock also has garnered the following industry awards: 2021 Franchise Innovation Award for Most Innovative Use of Customer-Facing Digital Tools; 2021 Global Franchise Awards Best Children's Service and Education Franchise; 2021 Entrepreneur Magazine's Franchise 500 Top Children's Music Enrichment Brand; ...
Is School of Rock expensive?
Typical School of Rock Cost for Guitar Lessons Per their FAQ guitar page, School of Rock guitar lessons range from $150 to $350 per month, depending on the location.
How many School of Rock locations are there?
300 locationsSchool of Rock boasts more than 50,000 students and over 300 locations worldwide.
Who is the CEO of School of Rock?
CEO Rob PricePropelling substantial growth both domestically and internationally for the brand, School of Rock CEO Rob Price was recognized as one of Global Franchise Magazine's 20 Exceptional Franchise Leaders of 2021.
How much does a franchise owner make a year?
According to a survey done by Franchise Business Review involving 28,500 franchise owners, the average pre-tax annual income of franchise owners is about 80,000 dollars.
What franchise is the most profitable?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
How do franchise owners get paid?
How do franchise owners get paid? Franchise owners can pay themselves a salary or depending on their business entity, they may be able to take a draw from their accumulated equity.
How long does it take for a franchise to become profitable?
One common misconception when it comes to operating a franchise is that once you sign on the dotted line and open for business, the customers and revenue will start flowing. This is typically not the case. It normally takes a year or two to become profitable.
How many School of Rock locations are there?
300 locationsSchool of Rock boasts more than 50,000 students and over 300 locations worldwide.
How many school of rocks are there in the US?
School of Rock (company)School of RockTypeFranchisorFounderPaul GreenHeadquartersCanton, MassachusettsNumber of locations247 schools in the US 5 in Mexico 6 in Canada 36 in Brazil 4 in Australia 1 in the Philippines 5 in Chile 1 in Colombia 1 in Peru 1 in South Africa 1 in Spain 1 in Taiwan7 more rows
How do I start my own music school?
Let's get started.How To Start A Community Music School: A Checklist. ... Shadow A Current Music School Owner. ... Create A Detailed Music School Business Plan. ... Find The Right Location For Your Music School. ... Hire Support Staff And Teachers. ... Focus On Organization And Sustainability. ... Grow Your Music School With Marketing.More items...•
What is School of Rock?
As educators, we’re trailblazers with our patented performance-based model of music instruction. You may already be familiar with the movie that bears our name. Yes, we were the little startup that inspired that movie, but the real-life School of Rock is so much more. Today we’re an education franchise with over 290 locations worldwide. We have schools in 15 countries and continue to develop and open new schools around the globe.
How to learn music theory?
You start by learning to play and perform the songs that inspire you, and through that process you will develop mastery of music theory with the added benefit of knowing how to play with others.
When was the School of Rock movie made?
Even if you’re not familiar with the history of School of Rock the franchise, or School of Rock the Broadway musical, chances are you’ve heard of School of Rock the movie from 2003. Beyond the shared name and rock ‘n’ roll spirit, the School of Rock franchise is a trademarked brand and global phenomenon, operating franchised music schools in ...
Does Applepie Capital have financing?
Financing Options Available: If you meet our minimum requirements, our partnership with ApplePie Capital makes financing easy .
Typical School of Rock Cost for Guitar Lessons
Per their FAQ guitar page, School of Rock guitar lessons range from $150 to $350 per month, depending on the location.
Cheaper School of Rock Alternatives I Recommend
Is it worth the $50-$60 dollars an hour? It might be, but if you don't think so, here are a few online alternatives we recommend that are far cheaper.
Additional Guitar Lesson Resources
Before we go, here are some additional guitar lesson and teaching resources that you might find helpful:
What are the obligations of a franchisee?
Franchisees must sell or offer for sale only those products, merchandise, and services as the franchisor has expressly approved for sale in writing; sell or offer for sale all types of products, merchandise, and services specified by the franchisor; refrain from any deviation from the franchisor’s standards and specifications without prior written consent; and discontinue selling and offering for sale any products, merchandise, and services which the franchisor may, in its discretion, disapprove in writing at any time .
How long is the franchise agreement?
Term of Agreement and Renewal: The length of the initial franchise term is 10 years. If franchisees satisfy all of the requirements of the Franchise Agreement, they can acquire a total of three successor franchises for consecutive terms of five years each.
What is a school of rock franchise?
Franchise Description: School of Rock Franchising LLC is the franchisor. School of Rock businesses offer a rock music program that provides, among other things, individual music lessons, group rehearsals, performance experience, exclusive, limited access to the school and school equipment during business hours and branded merchandise.
Does franchising offer financing?
Financial Assistance: The franchisor does not offer direct or indirect financing. The franchisor does not guarantee a franchisee’s note, lease or obligation.
Does School of Rock have a territory?
Territory Granted: During the term of the Franchise Agreement, the franchisor will not establish or operate, or license any other person to establish or operate, a School of Rock business under the system and the proprietary marks at any location within the territory. The size of the territory may vary depending on the population density of the area surrounding the approved location. Franchisees will be granted an exclusive territory.
How many franchise locations do they have?
As of the 2017 Franchise Disclosure Document, there are 183 franchised School of Rock locations in the USA.
Do they offer Territory Rights?
School of Rock offers territory protections. For an explanation of territorial rights, unlock this franchise for important details.
How do franchise profits work?
Franchise profits depend on a number of variables, including local demand for your product, labor costs, commercial lease rates and several other factors. Typically, franchise profits are proportionate to the size of investment. We can help you figure out how much money you can make by reviewing your personal situation. Please unlock this franchise for more information.
What is franchise grade?
Franchise Grade is dedicated to providing research and education that can help you make confident franchise investment decisions.
What is a school of rock?
School Of Rock is a performance-based music school with a rock music program.
What does a School of Rock Franchise Cost?
The total investment for a School of Rock franchise for single locations range from $321,000 to $521,000. To qualify as a franchisee, candidates are required to have a minimum of $100,000 in liquid capital and have a passion for music.
What do students learn from professional musicians?
Students learn from professional musicians in an interactive environment, combining weekly one-on-one lessons with structured group rehearsals that culminate in a live performance in front of real crowds in real rock venues. Our students are more inspired to learn, more motivated to excel and more confident in everything they do. Our series of programs are specifically designed to take each student on a unique musical journey, always giving them something to aspire to. Whether they are a complete novice or a seasoned musician there will always be something new and challenging for them to tackle.
How much does it cost to start a music school?
The total investment for a School of Rock franchise for single locations range from $321,000 to $521,000. To qualify as a franchisee, candidates are required to have a minimum of $100,000 in liquid capital and have a passion for music.
What is real estate development services?
Real Estate Development Services: Take the work out of developing your franchise’s storefront.
Does Applepie Capital have financing?
Financing Options Available: If you meet our minimum requirements, our partnership with ApplePie Capital makes financing easy .
What Is School of Rock?
Training and Support
- Our goal is to help you find real estate, open, staff, market, and operate your School of Rock quickly and confidently. You gain access to our tried-and-true business model, including operational and financial practices to grow your business fast. We provide a complete package of ready-to-use marketing tools and corporate support to implement these customer acquisition an…
Five Reasons to Own A School of Rock
- Make a Real Difference: Impact children's lives through music.
- Turn Your Passion Into Profit: Your love for music can be your career.
- Financing Options Available: If you meet our minimum requirements, our partnership with ApplePie Capital makes financing easy.
- A proprietary School of Rock Method, including Method Books, App, and Engine, offering a un…
- Make a Real Difference: Impact children's lives through music.
- Turn Your Passion Into Profit: Your love for music can be your career.
- Financing Options Available: If you meet our minimum requirements, our partnership with ApplePie Capital makes financing easy.
- A proprietary School of Rock Method, including Method Books, App, and Engine, offering a unique music education experience
Testimonials
- “Most of the kids who come to School of Rock are just drifting through school, they’re not plugged in anywhere. Their parents are frustrated. They’ve tried band, they’ve tried soccer — nothing sticks. They feel like failures. They send their kids to School of Rock and now they’re plugged in, they’ve got a network of friends, they’ve got mentors in our teachers, they’re performing on stage, they’r…
Join Our Team!
- School of Rock is looking for energetic individuals who enjoy working with families and children. An ideal School of Rock franchisee candidate believes in our brand and our mission of providing a safe space for students to develop into musicians. Successful candidates must believe in their ability to run and own a franchise. They ask the right questions in order to succeed. They must a…