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General

Industry

-

Category

Education Programs

SBA Identifier

S1530

Year of Founding

1998

Fees

Marketing Fee

3%

Royalty Fee

8%

Franchise Fee

$49,900-$49,900

Investment Range

$323K-$521K

Location units

Total U.S. Locations

230

U.S. Franchised Units

183

U.S. Corporate Units

47

Headquarters (City)

MA

Other

Item 19 - Franchise Financials

-

Financing Availability

yes

Started Offering Franchises

2005

Issuance of FDD Data

04/21/2021

What to know about School of Rock franchise?

The franchise being offered is to establish and operate a School of Rock business. School of Rock businesses are performance-based music schools with a rock music program.

School of Rock is based in Canton, MA. Scroll down to learn more!

How Much Does a School of Rock Franchise Cost?

Are you wondering how much is a School of Rock franchise? Before starting a School of Rock franchise, it is important to know the School of Rock franchise fee ($49,900) working capital and other costs required to start the business.

The minimum investment amount required to open a School of Rock franchise is $322,500 and can go all the way up to $521,100. Keep in mind, you should also allocate additional funds to live off of while the School of Rock business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 School of Rock franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a School of Rock business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your School of Rock franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

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Industry Report Request

Download our guide to compare School of Rock. Hotels to the Cleaning and Maintenance, Outdoor Maintenance industry.

Franchise Data

Year Start of year Units Opened Units Closed Total End of Year
2016 144 8 1 150
2017 150 10 0 156
2018 156 17 1 151
2019 151 26 0 175
2020 175 17 2 183

Additional Details

How much does a School of Rock franchise owner make?

School of Rock franchise earnings and revenue can vary significantly from one franchisee to another. The School of Rock franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

School of Rock discloses financials at the unit level. In other words, they show how much School of Rock franchisees made in the past. Through analyzing this information available in the metrics tab, it can serve as a good basis to further explore the opportunity or not.

At Vetted Biz, we advise you to speak with 5 to 10 franchisees to understand how much money they are making from the School of Rock franchise. Roughly 60% of franchises disclose financials and it makes the process easier when filtering potential franchise opportunities like School of Rock. Don’t just speak to existing franchisees, call franchisees who have recently left the system and try to find out how much those School of Rock owners were making.

Visit the School of Rock metrics tab, to explore the financials for this business.

What is the School of Rock Franchise Fee?

Owning a School of Rock franchise requires a 8% royalty fee and a 3% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship.

Keep in mind, there is also an initial School of Rock franchise fee of $49,900 that is included in the initial investment amount of $322,500 to $521,100. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the School of Rock franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the School of Rock franchise fee of $49,900.

Visit the School of Rock metrics tab to explore how the franchise, royalty and marketing fees compare to other Education Programs franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was School of Rock founded?

School of Rock was founded 24 years ago in 1998. School of Rock started offering franchises in 2005. At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many School of Rock locations are in the U.S.?

As of Issuance of 2021, there were 183 School of Rock locations owned and operated by franchisees across the U.S. There are also 47 corporate locations owned and operated by School of Rock. Most Education Programs franchises like School of Rock have more franchised locations than corporate locations.

How many School of Rock franchises opened over the past few years?

Over the prior 3 years we have data for, School of Rock has opened 60 outlets throughout the U.S.

Visit the School of Rock metrics tab to explore how the openings compare to other Education Programs franchises.

How many School of Rock franchises closed over the past few years?

Over the prior 3 years we have data for, School of Rock has closed 3 outlets throughout the U.S.

Visit the School of Rock metrics tab to explore how the closures compare to other Education Programsfranchises.

Is School of Rock growing? Are they opening more locations than they are closing?

The net unit growth rate for School of Rock over the past 3 years is 17%. Over the last year we have data for, School of Rock had a net unit growth rate of 5%.

Without a comparison, this number doesn’t mean much. Compare how the School of Rock growth rate compares to 2,000+ other franchises and Education Programs franchises like School of Rock. More info in the School of Rock metrics tab.

Is School of Rock franchise eligible for an SBA Loan?

School of Rock is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

School of Rock franchise was assigned the SBA Franchise ID of S1530 on 10/1/2017. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like School of Rock that are reviewed and found eligible under SBA's affiliation rules and other eligibility criteria.

Is School of Rock a franchise in the United States?

According to the SBA, School of Rock meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that School of Rock provides you with an FDD if you are in discussion to buy a School of Rock.

What is the School of Rock Franchise for Sale Rate?

The School of Rock systemwide health and franchisee satisfaction can be measured by the School of Rock franchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

The franchise for sale rate for School of Rock over the past 3 years is 19%. Over the last year we have data for, School of Rock had a franchise for sale rate of 7%.

Without a comparison, this number doesn’t mean much. Compare how the School of Rock franchise for sale rate compares to 2,000+ other franchises and Education Programs franchises like School of Rock. More info in the School of Rock metrics tab.

What is the School of Rock Franchise Failure Rate?

School of Rock franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

School of Rock failure rate over the past 3 years is 2%. Over the last year we have data for, School of Rock had a franchise failure rate of 1%

Without a comparison, this number doesn’t mean much. Compare how the School of Rock failure rate compares to 2,000+ other franchises and Education Programs franchises like School of Rock. More info in the School of Rock metrics tab.

How can I find out more details on School of Rock franchise?

Visit the School of Rock metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today for exclusive access on this franchise opportunity!

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General

Industry

-

Category

Education Programs

SBA Identifier

S1530

Year of Founding

1998

Fees

Marketing Fee

3%

Royalty Fee

8%

Franchise Fee

$49,900-$49,900

Investment Range

$323K-$521K

Location units

Total U.S. Locations

230

U.S. Franchised Units

183

U.S. Corporate Units

47

Headquarters (City)

MA

Other

Item 19 - Franchise Financials

-

Financing Availability

yes

Started Offering Franchises

2005

Issuance of FDD Data

04/21/2021

Franchise Fee Midpoint

The percentage change of total franchise units from one year to the next

 

1 year

3 years

School of Rock

15%

5%

Industry median

All franchises median

Unlock premium content

Franchise Disclosure Document

Download Latest FDD (2021)

Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

School of Rock

[0%]

2%

Industry median

All franchises median

Unlock premium content

Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

School of Rock

3%

25%

Industry median

All franchises median

Unlock premium content

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Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

School of Rock

$421,800

Industry median

All franchises median

Unlock premium content

Royalty Fee

The median royalty fee from the Franchise Disclosure Document

School of Rock

8%

Industry median

All franchises median

Unlock premium content

Franchise Fee Midpoint

The percentage change of total franchise units from one year to the next

 

1 year

3 years

School of Rock

15%

5%

Industry median

All franchises median

Unlock premium content

Item 19 – Financial Performance Representations

Historical financial performance representations

Unlock premium content

Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

Unlock premium content

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Business details

Company name

-

Business email

Franchising@SchoolofRock.com

Mailing address

1 Wattles Street

State headquarters

Massachusetts

Key leadership

School of Rock

Phone

+1 (000) 000-00-00

City

Canton

Zip code

02021

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