The Rock Underground

Franchise agreement

You shall use a bookkeeping, accounting, inventory control, and record-keeping system for the business of the Franchised School that is approved by us, including, but not limited to, the chart of account and statement formats we specify.

Item 11

We will have the right to access your computer system to obtain any data stored on it, including sales and inventory information, schedules, and your customer database.

Franchise agreement

You shall furnish to us throughout the term of this Agreement, in the form and in the manner from time to time prescribed by us and in addition to the monthly Gross Sales report described above: (a) on or before the twentieth (20th) day of each month, an income statement for the Franchised School for the preceding…

Item 8

Currently we are the sole approved supplier for logoed merchandise, guitars, accessories, forms and printed documents.

Item 8

We may periodically modify our standards, programs, products or services, and you must comply with any changes we require.

Item 8

During the last fiscal year ended December 31, 2024, we did not derive any revenue from required purchases or leases.

Item 8

The cost of the items that you must purchase from us, our affiliates or from suppliers designated by us represents between 70% and 80% of your total purchases in operating your School.

Item 8

You or the proposed supplier must pay our costs related to our evaluation (but not more than $1,000).

Item 8

If you want to use any product, material or render any service that does not comply with the standards of the System or is to be purchased from a supplier that has not yet been approved, you must first submit a written request for approval of the proposed supplier and obtain our approval of the supplier before…

Franchise agreement

(i) to transfer all Franchisee’s interest in such Telephone Listings to Franchisor; and (ii) to execute such documents and take such actions as may be necessary to effectuate such transfer.

Franchise agreement

We or our designees shall have the right, during normal business hours, to review, audit, examine and copy any or all of your books and records as we may require at the Franchised School.

Item 14

We may revise the contents of the Manual, and you must comply with each new or changed standard, at your own expense.

Item 12

You may not operate the Franchised School from any location other than the Approved Location.

Item 11

In connection with any Website, apps the Franchise Agreement provides that you may not establish a Website or apps related to the Proprietary Marks or the System, nor may you offer, promote, or sell any products or services, or make any use of the Proprietary Mark, through the Internet without our prior written…

Item 11

You must spend between $2,500 and $5,000 for your grand opening campaign.

Item 11

You must conduct local advertising in your Territory, and you must spend not less than $500 each month on local advertising (Franchise Agreement – Section 5.3).

Item 11

You must participate in any cooperative established for the area that includes your Territory, but you will not have to participate in more than one cooperative.

Franchise agreement

You must purchase all products, materials and supplies only from distributors and other suppliers approved by us from time to time.

Item 8

You must purchase all fixtures, furnishings, signs, equipment, inventory, uniforms, advertising materials, and other supplies, products and materials required for the establishment and operation of your Franchised School solely from suppliers who demonstrate, to our continuing reasonable satisfaction, the ability to…

Franchise agreement

All Royalty Fees and other fees payable hereunder shall be made by electronic funds transfer or automatic debit of funds, by check, or by another method determined by us, in our sole discretion.

Franchise agreement

conduct such promotions and special events, offer such local and national promotional items and accept such coupons and gift certificates as we may from time to time require.

Franchise agreement

You shall at all times maintain a sufficient number of trained employees to service your customers.

Franchise agreement

You shall adopt as a standard for performance and operation of your Franchised School our standards and conform to all specifications relating to construction, décor, design, equipment, packaging, products, services, uniforms, signs, displays or decorations, and other identifying materials, uniform record keeping…

Item 8

You must purchase or lease fixtures, equipment, including signage, computerized point of sale system, business stationery, marketing materials, furnishings, inventory, retail merchandise and related supplies that meet our minimum standards and specifications or are from suppliers that we approve.

Item 11

You must make sure that we have independent access at all times to your computer system, at your expense.

Item 11

If the training is optional, we may charge a reasonable fee for the training.

Item 11

We may hold periodic regional or national franchisee meetings to discuss ongoing changes in the industry, operational techniques, new music programs, service developments, personnel training, bookkeeping, accounting, advertising programs and new service procedures, and you must attend these meetings.