How to Open a School of Rock Franchise

The Paul Green School of Rock began in Philadelphia, Pennsylvania as a Rock n Roll music education program for kids aged 7-17. The school teaches children about music, performing, and provides many levels of instruction on instruments such as the guitar, drums, and bass guitar. The program offers courses throughout the year, as well as summer programs for additional training.http://www.schoolofrock.com/index.php

The School of Rock teaches kids not only how to play instruments, but also how to perform as part of a team and the importance of teamwork. The School of Rock was the basis of a 2004 movie with the same name. Due to the tremendous success of the school and its various programs for children, the company began franchising in order to provide access to local programs for kids all across the nation. If you have a love of rock music, a little bit of business knowledge, and the desire to help kids, then learning about how to open a School of Rock franchise can tell you where to get started.

Company History

Paul Green started the first School of Rock in Philadelphia in 1998. There are now School of Rock franchise locations in New York, Utah, California, Illinois, Massachusetts, Minnesota, Maryland, Oregon, Washington, D.C., Virginia, Florida, Georgia, Texas, Colorado, Delaware, Washington, New Jersey, and North Carolina. The School of Rock also has international location in Mexico, and is planning to expand to Canada.

The School of Rock hosts annual music shows in which the kids perform live for the audience. Many of these performances have been posted to YouTube for the public to view. A group of School of Rock students called the "School of Rock Allstars" has the opportunity to tour the country and also to perform at venues such as the Hard Rock Cafe and with other rock celebrities.

Franchise Requirements

Potential franchisees of the School of Rock should have good credit, have a net worth of at least $250,000, and at least $50,000 in liquid assets. The total startup capital needed for a School of Rock franchise ranges from $107,206 to $212, 650. Franchisees should have a good work ethic, a love of rock music, an ability to mentor and work well with kids, and the ability to organize. In addition, social networking aptitude, basic understanding of the music industry, and a high level of motivation are required. Individuals who have the desire to open a School of Music franchise should have at least basic business knowledge.http://www.schoolofrock.com/images/Franchise_Brochure09new.pdf

Financing Alternatives

The School of Rock does not offer potential franchisees any financial assistance, financing, or payment plans for the purchase of a School of Rock franchise location. However, company executives may be able to point interested parties in the direction of banks, lenders, and financiers that they have worked with in the past or those that have helped to finance other locations. Other options for financing include your personal bank, another local lender that you have worked with in the past, or small business lenders in your area.http://www.businesslenders.com/

Disclaimer

The information provided here is intended only as a guide and should not serve as a replacement for professional business, financial, or legal advice. Before you purchase or invest in any business or franchise, please consult your personal financial advisor, accountant, or attorney.

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