Drama Kids International Franchise for Sale

Renton, WA (King County)

Drama Kids International Franchise for Sale
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Asking Price: Get Financing: $75,000

Cash Flow: $60,000

Gross Revenue: $78,000

EBITDA: $70,100

FF&E: $2,500

Inventory: $5,000

Lease Rate: N/A /SF

Established: 2016

Drama Kids International Franchise for Sale

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Business Description

Drama Kids Franchise Renton, Kent, Issaquah & Tahoma School Districts

This franchise area covers zip codes in Renton, Issaquah, Kent, Covington, Newcastle and Maple Valley. Drama Kids International is an established and proven program that delivers developmental classes both in schools and in public facilities. The business model includes both in-school/after-school programs and community programs. The spaces are rented as-needed and the business is home-based. Drama Kids has been a finalist in the Renton Chamber of Commerce Business Excellence and the Renton Reporter "Best of Renton" awards for two years in a row. It is an established brand across the U.S. in WA state and in Renton/Kent. You will step into a schedule of classes at Renton Civic Theatre and at multiple schools in the Renton, Kent and Issaquah school districts. This business is still in growth mode and has been listed in the top 5 fastest growing (by revenue and student count) franchises among 85 owners in the U.S.

The franchise provides all curriculum, plays, materials, marketing, technical support, training for owners and lead teachers/directors. Owners attend a monthly conference to learn the Spring shows every year. The program provides weekly, one-hour classes, for all age groups during the school year and one-week full-day and half-day camps during the summer and school breaks.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Home-based business but meeting with schools, scouting locations and observing teachers in the classroom is required. Storage facility full of backdrops, props, sets, costumes and marketing material. Wrapped car may also be purchased separately. Phone.com number, website and P.O. Box will be transferred to the new owner so marketing material and branding will not change. (Home Based)
Competition:
We are the only Drama program in which all children get a speaking part. There are no auditions. We are the only public program offered at the Renton Civic Theatre for young children that is open to everyone. Competitors include other after-school activities that compete for families' time such as martial arts, sports, dance, etc. Some schools use in-house teachers to deliver drama programs and put on shows. Others may bring in Missoula Children's Theatre to put on large productions which last about 3-4 weeks and require auditions.
Growth & Expansion:
I started with the schools that are closest to my home (Renton, Newcastle). This year the Kent school district exploded and enrollment doubled (100 new students). We expect continued growth in Kent. The Tahoma school district is untapped and has tremendous potential due to it's distance from Seattle and its lack of a public theatre. There is also potential in Issaquah. As more schools join the more interest we receive from other schools. The biggest challenge is hiring, training and retaining great teachers in order to manage the growth.
Financing:
Price includes franchise territory purchase (approximately $40,000)
Support & Training:
Drama Kids provides full training for all new owners. Current owner may stay on as a Director (Sales and Teaching) for a predetermined amount of time in order to successfully transition the business.
Reason for Selling:
Not enough time to teach full-time while serving on City Council.
Home-Based:
This business is Home-Based
Franchise:
This business is an established franchise
Business Website:
http://dramakids.com/wa3
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Business Listed By:
Carol Ann Witschi

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