School of Rock Named a Top Recession-Proof Business for 2023 by Franchise Business Review

By: School of Rock | 7 Shares 187 Reads

April 19, 2023 // Franchising.com // CANTON, MASS. – School of Rock was recently named a top franchise by Franchise Business Review in its report on the Top Recession-Proof Franchises for 2023.

“As a leader in the music education industry, we take great pride in being recognized as a top recession-proof franchise, a reflection of the incredible value we bring our students and their families,” said Rob Price, CEO of School of Rock. "Our success is a direct result of the tireless efforts of our franchisees and corporate team, who are committed to providing students with unparalleled learning experiences that not only build music skills but also foster creativity, confidence, and personal growth. This recognition reaffirms our belief that music has the power to transform lives, and we are honored to be at the forefront of this movement.”

Franchise Business Review (FBR) provides the only rankings of franchises based solely on actual franchisee satisfaction and performance. FBR publishes its rankings of top franchises in its annual Guide to Today’s Top Franchises, as well as in quarterly reports throughout the year that rank the top franchises in specific sectors.

School of Rock was among over 365 franchise brands, representing nearly 36,000 franchise owners that participated in Franchise Business Review’s franchisee satisfaction survey over 18 months. School of Rock’s franchisees were surveyed on 33 benchmark questions about their experience and satisfaction regarding critical areas of their franchise systems, including training & support, operations, franchisor/franchisee relations, culture, and financial opportunity.

“While no business is 100% recession-proof, these franchise businesses have demonstrated that they are highly recession-resistant based on historical performance,” said Eric Stites, CEO of Franchise Business Review. “For people seeking to be their own boss, the Top 100 Recession-Proof businesses we identified this year not only have outstanding satisfaction among their owners—one of the most important factors to consider before investing in any franchise opportunity—but they have performed well in good times and bad and we feel they hold a strong advantage to outperform their competitors in the years ahead.”

SOURCE School of Rock

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