suburb of Burr Ridge with a staff of 14, and an additional 11 employees in Denver. The company has 1,500 part-time employees, primarily music instructors in its owned and franchised locations. In June 2014, Catalano was replaced with Dzana Homan, who had been Chief Operating Officer of the Goddard School child care centers, and had previous experience as CEO of Huntington Learning Centers and Futurekids. In April 2006, Guitar Player magazine publisher MPN announced a quarterly School of Rock magazine intended to focus on classic rock and musical tips for readers age twelve to eighteen. It lasted less than a year, closing during a contraction of the publishing industry. Green's non-compete agreement expired in 2013, and he announced plans to open a Paul Green Rock Academy in Woodstock, New York to serve ages 8 to 18, as well as a Woodstock College of Music in Ulster County with Woodstock Music Festival promoter Michael Lang. In 2017, current CEO Rob Price joined the company. Franchising The CNN Money website featured School of Rock as one of their Five Hot Franchises on 12 February 2013, stating that there are "more than 10,000 kids enrolled in 105 locations in 31 states, as well as Mexico." A January 2014 profile of CEO Dzana Homan in Entrepreneur magazine increased that number to "more than 145 School of Rock franchises in eight countries". The company has plans to grow to more than 180 locations worldwide by the end of 2015. 25 of the locations were owned by the company as of 16 December 2012, the rest by franchisees. Purchasing a franchise requires an initial investment of $137,350 to $304,100 according to a review by Entrepreneur magazine that ranked it #211 of their 2013 Top 500 Franchise Opportunities, up from #289 in 2012, and #318 in 2011. This estimate includes a renewable ten-year franchise fee of $49,500. The franchisee also pays an 8% annual royalty fee, and is required to have a net worth of $300,000, and $100,000 cash available. Each location will require from 14 to 21 employees. The majority of the employees are music teachers who are also working musicians. The franchisee receives training in running the business, IT support including a website, assistance with real estate selection and designing the franchise location, grand opening and on-going marketing support, discounts on music equipment and a protected territory. The IT support includes access to a customized