To simplify the language of this Disclosure Document, “we,” “us,” or “our” refers to School of Rock Franchising, LLC, the franchisor. “You” or “your” refers to the franchisee who enters into a School of Rock franchise agreement or development agreement. The franchisee may be a person, corporation, partnership or limited liability company. If the franchisee is a corporation, partnership, limited liability company, or other entity, “you” and “your” do not include the principals of the corporation, partnership, limited liability company, or other entity.
Our parent and affiliate is School of Rock, LLC, which was originally organized in Delaware on December 17, 2004 under the name Paul Green School of Rock Music, LLC. Its principal place of business is 1 Wattles Street, Canton, MA 02021.
School of Rock, LLC has never offered franchises of the type being offered in this Disclosure Document or in any other line of business. School of Rock, LLC sells certain branded merchandise to our franchisees, such as t-shirts, sweat shirts, other clothing and accessories.
You must pay to us a $49,900 lump sum, non-refundable initial franchise fee for a single School of Rock franchise to be operated under an individual Franchise Agreement. You must pay the entire initial franchise fee no later than the date of your signing the Franchise Agreement. From January 1, 2018 through. December 31, 2018, the initial franchise fees paid to us ranged from $24,750 to $49,500.
We do not offer direct or indirect financing. We do not guarantee your note, lease or obligation
The FTC's Franchise Rule permits a franchisor to provide information about the actual or potential financial performance of its franchised and/or franchisor-owned outlets, if there is a reasonable basis for the information, and if the infonnation is included in the disclosure document. Financial performance inforrnation that differs from that included in Item 19 may be given only if: (1) a franchisor provides the actual records of an existing outlet you are considering buying; or (2) a franchisor supplements the information provided in this Item 19, for example, by providing information about possible performance at a particular location or under particular circumstances