Reading Friends Franchise Company vs School of Rock Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Reading Friends Franchise Company vs School of Rock including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$110,950 - $297,500 | $271,500 - $494,100 |
Franchise Fee |
$35,000 | $49,900 |
Royalty Fee |
5.5% | 8% |
Advertising Fee |
- | 3% |
Year Founded |
1980 | 1998 |
Year Franchised |
2002 | 2005 |
Term Of Agreement |
10 years | 10 years |
Term Of Agreement |
10 years | 10 years |
Renewal Fee |
- | - |
Business Experience Requirements |
Experience |
- | - |
Financing Options |
|
In-House/3rd Party | In-House/3rd Party |
Franchise Fees |
No/No | -/- |
Start-up Costs |
No/No | -/- |
Equipment |
No/No | -/- |
Inventory |
No/No | -/- |
Receivables |
No/No | -/- |
Payroll |
No/No | -/- |
Training & Support |
Training |
- | On-Site training in both the business and music instruction aspects of running your school at one of our three training schools
On-The-Job Training: 5 hours
Classroom Training: 25 hours
Additional training as needed
|
Support |
Grand opening, Field operations/evaluations | Assistance in getting your school built including a nationwide network of real estate partners, design and construction standards and guidance, and contracting partners.
A proprietary IT system to manage the school business
Grand Opening and continued marketing support through plan development and execution, creative and collateral, PR, and
A dedicated franchise operations director to work with you
Ongoing new product and program development
Discounts on equipment through our network of partners
The only national network of rock music education schools.
Purchasing Co-ops
Newsletter
Meetings/Conventions
Toll-Free Line
Grand Opening
Online Support
Security/Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform |
Marketing |
Co-op advertising, Ad slicks | Ad Templates
National Media
Regional Advertising
SEO
Website development
Email marketing |
Operations |
100% of all franchisees own more than one unit Number of employees needed to run franchised unit: 9
Absentee ownership of franchise is allowed. | Absentee Ownership Allowed
Number of Employees Required to Run: 14 - 21 |
Expansion Plans |
US Expansion |
Yes | Yes |
Canada Expansion |
No | - |
International Expansion |
No | Yes |
Company Overviews
About Reading Friends Franchise Company
Ours started as a story of overcoming. Owner and founder, Nancy
Spencer, was the first person in the city of Fort Worth to be diagnosed
with dyslexia after many years of struggling in school. With the proper
training, she was able to thrive academically and gained a passion for
children and the way that they learn. With the help of Dr. Luke Waites,
Gladys Kolenovsky and a team from Scottish Rite Hospital in Dallas, TX,
Nancy wrote a full curriculum and started Reading Friends preschool in
1980. The school is now run by her two daughters, Audrey Fowler and
Nancy Pack. There are two additional locations. One located in Keller,
run by Marsha Wesley. One located in Aledo, run by Diane Taylor.
The Reading Friends Difference
Reading Friends has the right curriculum, the right commitment, and is the right place. Let us focus on your child.
The Reading Friends preschool is dedicated to providing the young child a foundation for educational excellence.
The secret to a well-rounded child is a well-rounded approach to teaching
Curriculum
We employ Multi-sensory teaching techniques involving the total child.
Our Phonics Advantage curriculum is a language-based program that is the heart of our proprietary curricula.
Children receive structured academic experiences that produce a firm foundation in reading, math, social studies, and science.
Social
The
Reading Friends program is designed to provide successful opportunities for all students. Children have daily outside free play and snack where they experiment with social interaction and cooperation.
About School of Rock
School of Rock is a performance-based after school music education program that provides individual music lessons taught by working musicians, group rehearsals, performance experience, exclusive limited access to the school and equipment during business hours, and branded merchandise for students between the ages of seven and nineteen. We provide a rock music program for children, a method of teaching students through performing in front of a paying audience in a real rock venue, and regional groups of elite students known as "The School of Rock All Stars".
Be part of a fun, unique, and purposeful business.
Connect and collaborate with a rapidly growing network of partners and owners who are passionate about what they do.
Make a difference in kids' lives through music.
Own and operate a community based business backed by an international organization that will support you every step of the way.
Turn your passion for music into your work - you don't have to be a musician but you do need to love rock and roll.
Whether you are a musician, just love good music, or are simply looking for a business that rocks we encourage you to learn more about the unique School of Rock franchise opportunity.
The investment cost for School of Rock outside the United States will vary depending on building and material costs, labor, taxes and many other factors. We are looking for international partners who have the expertise and financial strength to open multiple schools either as a Master Franchisee or Area Developer.
The total investment necessary to begin operation of a School of Rock
business is $271,500 - $494,100. This includes $49,900 that must be paid
to the franchisor or their affiliate. They may also offer you the
opportunity to enter into a development agreement, in which case you
will be required to pay the franchisor a development fee equal to
$12,475 for each school you plan to develop.
Franchisor is seeking new franchise units Worldwide.
Veteran Incentives 10% off franchise fee
In Franchise Business Reviews Top 200.
#219 in Franchise 500 for 2020.
#215 in Franchise 500 for 2021.