Popular Dance Studio
Asking Price: | $235,000 |
Gross Revenue: | $560,026 |
Established Year: | 2017 |
Cash Flow: | $131,476 |
Rent: | $5,785 |
This dance studio has proudly fostered a vibrant local dance community catering to enthusiasts of all levels. The studio has experienced remarkable growth in the wake of the pandemic, showcasing innovative programs and pricing structures. The studio has a loyal customer base, with over 300 active members and an average of 150 drop-in customers per week. The studio also offers discounted rates for students and multi-class packages. In addition to regular classes, it hosts workshops, showcases and competitions, attracting dancers from all over the area. The studio has built strong relationships with local schools, community organizations and other dance studios, further contributing to its reputation and success.
Conveniently situated in a bustling retail strip mall at a busy intersection, the studio offers ample parking space with on-site plaza security. The state-of-the-art facility features impact-resistant wood flooring, high-quality mirrors and a top-tier audio speaker system. Boasting multiple dance rooms, the studio is well-equipped to cater to varied class sizes.
In addition to its regular classes, it offers room rentals to external groups, contributing to additional revenue streams along with sales of exclusive merchandise.
While the owners do not lead classes, the dedicated team of dance instructors with a diverse range of teaching styles and expertise. The day-to-day operations of the front desk are efficiently handled by a part-time staff.
The business has a well-established online presence with a user-friendly website, active social media accounts and a dedicated email list. The studio utilizes these platforms to promote new classes, events and merchandise as well as communicate with its customers.
The studio is owned by three partners, one of whom has relocated to Southern California. Although they have decided to sell, the two remaining partners are open to collaborating with an incoming owner to effect a seamless transition.
Overall, this is a thriving dance studio with a strong customer base, state-of-the-art facilities and a dedicated team of instructors. With its strategic location, diverse class offerings and multiple revenue streams, the studio has positioned itself as a leader in the local dance community. The opportunity for growth and expansion is immense, making it an attractive investment for a new owner passionate about dance and entrepreneurship.
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