SCHOOL OF ROCK FRANCHISE STARTUP COSTS & EARNINGS
Here’s a breakdown of startup costs when opening your school of rock franchise
If you’ve been dreaming about how to start a music school, one of the first things you want to know is how much your initial investment and franchise startup costs will run. Average School of Rock costs for opening a location range from $192,150 to $422,100.
The chart below from School of Rock’s Franchise Disclosure Document (FDD) shows how your investment is allocated during the startup phase of your franchise.
|TYPE OF EXPENDITURE||AMOUNT||METHOD OF PAYMENT||DUE||PAYMENT MADE TO|
|Initial franchise fee||$49,900||Lump sum||At signing of Franchise Agreement||Franchisor|
|Initial Rent Outlays||$8,000 - $14,600||Lump sum||At signing of lease agreement||Landlord|
|Site Selection and Leasehold Improvements||$60,000 - $198,000||As arranged||Before opening; as incurred||Contractors / Suppliers|
|Furnishings and Finishings||$10,000 - $24,000||As arranged||Before opening||Suppliers|
|Equipment||$15,000 - $25,000||As arranged||Before opening||Franchisor / Suppliers|
|Security Cameras||$6,500 - $9,500||As arranged||Before opening||Suppliers|
|Signage||$5,000 - $12,000||As arranged||Before opening||Suppliers|
|Supplies||$400 - $800||As arranged||Before opening||Suppliers|
|Pre-Opening Training||$1,400 - $2,500||As arranged||Before opening||Suppliers|
|Advertising||$10,000||As arranged||Before opening and within 30 days after opening||Suppliers|
|Opening Inventory||$2,300 - $3,300||Lump sum; as arranged||Before opening; as incurred||Franchisor / Suppliers|
|Computer / Software||$1,500 - $2,500||As arranged||Before opening; as incurred||Suppliers|
|Permits & Licenses||$250 - $1,000||As arranged||As incurred||Government Authorities|
|Architectural Fees||$5,000 - $15,000||As arranged||As incurred||Supplier|
|Prepaid Insurance Premiums||$500 - $3,000||As arranged||As incurred||Insurance Broker|
|Utility Costs & Deposits||$400 - $1,000||As arranged||Before opening; as incurred||Suppliers|
|Miscellaneous Opening Expenses||$1,000 - $5,000||As arranged||As incurred||Consultants|
|Additional Funds for 3 months||$15,000 - $45,000||As arranged||As incurred||Suppliers / Employees / Others|
|TOTAL COSTS:||$192,150 - $422,100|
If you’d like to take a closer look at School of Rock’s financial picture, including average startup costs or franchisee earnings, you can request a copy of the full Franchise Disclosure Document (FDD) by filling out the no-obligation form here.
Understanding franchisee earnings & how much you could make
Our franchisees come from all sorts of backgrounds, but share a passion for music. Whether they’re experienced entrepreneurs or musicians themselves, they get the coaching and guidance they need to maximize profit after opening their School of Rock franchise.
We can’t predict how much you’ll make owning a School of Rock franchise, but we can show you just how much franchisees have earned in years past. Qualified franchise candidates will receive a copy of our Franchise Disclosure Document (FDD), 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.
To qualify as a candidate, our minimum requirements are $100k liquid assets and $300k net worth (a single candidate or the sum of the assets of a group of investors). School of Rock initial investment on a single location ranges from $192,150 to $422,100. If you meet the requirements and need financing to start your school, one of our financial partners can help you find good solutions to fund your business.
COSTS & FEES
LIQUID CAPITAL REQUIRED
NET WORTH REQUIRED
Receive your copy of our Franchise Disclosure Document (FDD)
Turn passion into profit. All you have to do is fill out the contact form here. If you meet our minimum requirements, we’ll walk you through the Franchise Disclosure Document step by step.
Passion for music and music education is crucial in our business. At School of Rock, transforming lives through music is our sole reason for being, and our business model is based on turning that passion into profit. In addition to your passion for music or business, it’s also important to fully understand the financial ins and outs of School of Rock’s business model.
Ready to learn more about franchise startup costs and earnings? Contact us to get started and we’ll share the financial details with all qualified candidates.
Request Franchise Information
You can call us (866) 418-7695 to learn more about your School of Rock franchise opportunity, or fill out the form on this page to download our Executive Summary, which includes more in-depth financial information including Item 19 and Item 7 from the Franchise Disclosure Document.