At School of Rock, music lessons are the sole reason for being, and our operations are based on turning that passion into profit. We pour everything we do at School of Rock into helping children and teenagers find themselves through the rock music genre. This commitment to music and music education is crucial in the business, but it’s also important to understand the financial ins and outs of our business model, including the average School of Rock unit franchise earnings.
HOW MUCH DOES IT COST TO OPEN A SCHOOL OF ROCK FRANCHISE?
Average costs for opening a School of Rock location range from $383,000 – $664,000. To qualify as a candidate, our minimum requirements are $150,000 in liquid assets and $350,000 in net worth (a single candidate or the sum of the assets of a group of investors).
If you’ve been thinking about how to start a franchise, one of the first things you’ll want to know is how much your initial investment and franchise startup costs will run. When you meet the School of Rock requirements you will come to fully understand the bigger financial picture, as well as the smaller details, before any agreements are signed and one of our financial partners can help you find solutions to fund your business.
LIQUID CAPITAL REQUIRED
$150,000
NET WORTH REQUIRED
$350,000
FRANCHISE FEE
$49,900
TOTAL INVESTMENT
$383,000 to $664,000
UNDERSTANDING FRANCHISEE EARNINGS & HOW MUCH YOU COULD MAKE
Our franchisees come from all sorts of backgrounds, but something they all share is a passion for music. Whether they’re experienced entrepreneurs or musicians themselves, they get the coaching and guidance they need from School of Rock to maximize profit after opening their franchises.
We can’t predict how much you’ll make owning a School of Rock franchise, but we can show you how much franchisees have earned in years past. Qualified franchise candidates will receive a copy of our Franchise Information Report, which includes earnings reported by our owners as well as more detailed information about franchise startup costs and what you get for your initial investment.
Turn your passion into profit. Simply fill out the contact form and if you meet our minimum requirements, we’ll walk you through the School of Rock Franchise Information Report step by step.
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SCHOOL OF ROCK FRANCHISE STARTUP COSTS FAQs
How much does a School of Rock franchise make?
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According to the FTC, we cannot legally promise prospective franchisees how much money they can make. But we will offer you information on our business model, the opportunity to talk to current franchisees and our corporate executives so you can evaluate the opportunity and do your due diligence.
Our goal is to provide you with all of the resources you need to analyze all of the possibilities School of Rock offers. To find out more about buying a franchise, contact us to receive our Franchise Information Report.
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How much is a School of Rock franchise?
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The average costs for opening a School of Rock location range from from $395,800 – $537,400. If you want to learn more about how these costs are allocated, and take a look into startup costs or franchisee earnings, you can request a copy of the full Franchise Information Report.
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What’s the typical break-even point for School of Rock franchise owners?
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We don’t make promises about your potential earnings, but during the due diligence process you will talk to franchisees and get some more details on how they run their business, the opening process and some other details. You can find more about the average school sales by downloading our Franchise Information Report or contacting our Franchise Development team.
Can I receive financing to help fund my School of Rock franchise?
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Yes. The qualified candidates can count on the help of our financial partners. The minimum requirements are $150k liquid assets, which involves cash and securities that can be converted to cash quickly, such as stocks, tax refunds, savings accounts with access to them and 401ks available for a rollover. The minimum net worth is $350k and it includes long and short-term assets (money in investment accounts, the value of stocks or bonds, market value of the real estate, market value of the automobile) after the liabilities, such as loans, mortgages and credit card balances. Unqualified candidates will not qualify for financial assistance.
According to the Federal Reserve, liquid assets are assets that can be converted to cash quickly if needed to meet financial obligations.
How much are School of Rock’s royalties?
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School of Rock locations have 8% in royalties taken out monthly. Contact us to read our Franchise Information Report.
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What is a franchise fee?
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A franchise fee is a one-time payment made by a prospective franchisee to the franchisor. It grants the franchisee the right to operate under the franchisor's established brand, business model, and support system. This fee covers the costs associated with onboarding, training, and providing the necessary resources for the franchisee to start their business. The Franchise Agreement is for an initial term of 10 years. At the end of the initial 10 year term, the franchisee is granted three renewal terms of 5 years each at a reduced renewal fee.
How much are franchise fees?
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The initial School of Rock franchise fee is $49,900, and is valid for 10 years. Franchisees who are military/veterans will receive a discount on their initial franchise fee.
How much does a School of Rock Franchise owner get paid?
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According to the guidelines of the Franchise Trade Commission (FTC), we do not make any financial representations to our prospective franchisees, including School of Rock franchise owner salary, projected revenues, or profitability. We do encourage our candidates to speak to existing franchisees to discuss each owner's experiences financially. Additionally, we will offer you information on our business model, and the opportunity to talk to current franchisees and our corporate executives so you can evaluate the opportunity and do your due diligence. Our Franchise Disclosure Document (FDD Items 7 and 19) provides you with the investment levels required as well as financial results for the franchised and corporate-owned locations from the last fiscal year.
Our goal is to provide you with all of the resources you need to analyze all of the possibilities School of Rock offers. To find out more about buying a franchise, contact us to receive our Franchise Information Report.
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What are the costs associated with operating a franchise?
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Operating a franchise involves the startup costs, including the initial franchise fee, and additional costs like construction, equipment purchases, signage, and working capital. Ongoing costs to operate a franchise include costs like royalty fees, brand fund contributions, rent, labor, utilities, and local marketing. The range of our typical new school development in 2023 was between $441,000 and $593,970. The detail and breakdown of these costs are detailed in both the Franchise Information Report and in Item 7 of our FDD will detail the estimated costs associated with opening and operating a School of Rock.
In addition to the initial start-up fees detailed in Item 7 of the FDD, one must also consider the working capital necessary during the period from opening your doors until you reach your break-even point. This timeline varies from school to school and is governed primarily by early ramp-up of student enrollment.
How does a franchise make money?
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A franchisee makes money by generating revenue through sales of products or services. The franchisee invests in the franchise opportunity, follows the established business model, and leverages the brand, support, and training provided by the franchisor. Profits are generated after deducting operating expenses, including royalties, marketing fees, rent, staff wages, and other relevant costs. The franchisee's success depends on effective management, adherence to the franchisor's guidelines, and local market conditions.
REQUEST FRANCHISE INFORMATION
You can call us at 877-556-6184 to learn more about your School of Rock franchise opportunity or fill out the form on this page to receive our Franchise Information Report, which includes more in-depth information on our business model and the franchising process.
For media inquiries, please contact media@schoolofrock.com.
Thank you for your interest in franchising with School of Rock! Our Franchise Development team will be in touch. Download our Franchise Information Brochure.
SCHOOL OF ROCK IS AN EQUAL OPPORTUNITY FRANCHISE COMPANY
At School of Rock, we believe diversity cultivates creativity and innovation, inspires high-quality decisions and promotes economic growth. Our company is committed to advancing diversity and inclusion within our schools and throughout our system. People of all ethnicities, genders, orientations, religions and backgrounds are welcome and encouraged to join the School of Rock family if they are able to meet the franchising requirements.