WHAT ARE MY STARTUP COSTS?
HERE’S A BREAKDOWN OF COSTS WHEN STARTING YOUR OWN SCHOOL OF ROCK
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 will run. School of Rock costs for your initial investment for a single location range from $136,850 to $339,100.
The chart below from Item 7 of our latest Franchise Disclosure Document (FDD) shows how the initial investment is spent. For a closer look at our financial picture, including average franchisee earnings, you can request a copy of the full FDD by filling out the no-obligation form on this page.
|TYPE OF EXPENDITURE||AMOUNT||METHOD OF PAYMENT||DUE||PAYMENT MADE TO|
|Initial franchise fee||$49,500||Lump sum||At signing of Franchise Agreement||Franchisor|
|Initial Rent Outlays||$5,000 - $12,500||Lump sum||At signing of lease agreement||Landlord|
|Site Selection and Leasehold Improvements||$20,000 - $142,000||As arranged||Before opening; as incurred||Contractors / Suppliers|
|Furnishings and Finishings||$10,000 - $20,000||As arranged||Before opening||Suppliers|
|Equipment||$15,000 - $22,000||As arranged||Before opening||Franchisor / Suppliers|
|Signage||$3,000 - $10,000||As arranged||Before opening||Suppliers|
|Supplies||$400 - $800||As arranged||Before opening||Suppliers|
|Pre-Opening Training||$500 - $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||$2,500 - $10,000||As arranged||As incurred||Supplier|
|Prepaid Insurance Premiums||$500 - $2,000||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:||$136,850 - $339,100|
They won’t be sitting on the edge of their beds glumly picking out “Mary Had a Little Lamb;” they’ll be practicing their power chords to Springsteen’s “Born in the U.S.A.”
To learn more about how you can own your own School of Rock music education franchise, please continue to explore our research pages. To start a conversation, fill out the form on this page, and we’ll call you to talk about your opportunities.