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 $49,500Lump sum At signing of Franchise Agreement Franchisor
Initial Rent Outlays$5,000 - $12,500Lump sum At signing of lease agreement Landlord
Site Selection and Leasehold Improvements$20,000 - $142,000As arranged Before opening; as incurred Contractors / Suppliers
Furnishings and Finishings$10,000 - $20,000As arranged Before opening Suppliers
Equipment$15,000 - $22,000 As arranged Before opening Franchisor / Suppliers
Signage$3,000 - $10,000As arranged Before opening Suppliers
Supplies$400 - $800 As arranged Before opening Suppliers
Pre-Opening Training$500 - $2,500As arranged Before opening Suppliers
Advertising$10,000As 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.”

 

 

LEARN MORE

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.