Well Respected Dance Studio for sale

Glen Allen, VA (Henrico County)

Seller Financing Available
Well Respected Dance Studio for sale

Asking Price:$110,000

Cash Flow:$60,000

Gross Revenue:$230,000

EBITDA:N/A

FF&E:$7,500

Inventory:$1,500

Rate/Sq. Ft.:$21.00

Established:2009

Well Respected Dance Studio for sale

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Business Description

This successful, well respected dance studio has over 150 students, and over 80% repeat dancers. The studio is located in one of the busiest shopping centers in the west end. This popular dance studio offers a wide variety of dance and fitness classes including Tap, Jazz, Ballet, Pointe, Lyrical/Contemporary, Musical Theatre, Acro, Hip Hop, and Technique and Conditioining Classes. The facility is well maintained and well publicized via social media . The business was started over 7 years ago and has grown every year, yet there is still great potential to increase revenue and earnings.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
2,700
Lease Expiration:
9/30/2019
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The 2700 sq. ft. studio is split into two salons to accommodate two different classes at the same time and maximize facility utilization. The space is ideally suited for a new owner to offer more classes for 3-6 year olds, partner with a yoga studio to offer yoga classes, senior fitness classes, barre fitness, personal training, or other endeavors that can utilize the space during the day and generate significant new income streams.
Competition:
This studio has a great reputation in the community, and a large number of students have attended other studios before selecting this business as the studio they call home. The business offers instruction for children of all ages from 3-18, and all levels of skill from beginner to competition level. No other studio in the area offers this broad opportunity.
Growth & Expansion:
The Seller believes that the Buyer could improve this business by implementing the following: Demand for daytime weekday instruction is limited, yet the studio carries the overhead costs of leasing a facility 24/7. The studio serves a client base that is only available after school or working hours, leaving the studio idle during the day. A new owner could offer more classes for 3-6 year olds, partner with a yoga studio to offer yoga classes, senior fitness classes, barre fitness, personal training, or any other endeavor that can utilize the space during the day for a moderate rental fee.
Financing:
limited financing available
Support & Training:
The owner will continue as an instructor for up to 6 months so that the new owner will be supported and will be positioned to retain all current students.
Reason for Selling:
Family matters

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Michael Mitchell

Business Listed By:
Michael Mitchell

Business Research Group, LLC

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