Dance School in Greater Seattle For Sale

Business description

This is a profitable dance school that teaches ballet, jazz, hip hop, contemporary among other dance disciplines with over 600 students and 75 classes per week. In addition to tuition income which is completely on auto payment, there is also a dance retail shop on-site and multiple performing opportunities for dancers that produces additional income. Most of the business is acquired through word of mouth, and the owner places advertisements in the local newspaper and send out occasional e-mails to their database of approximately 1,500 clientele. Approximately 50% of the students are between ages 3-7, while the remainder 50% are ages 8 and up. The owner now works part time. There is 1 full-time office manager and registrar as well as part time administrative help. The facility can accommodate approximately up to 850 students, and the unused space is occasionally subleased to various local dance companies or other businesses needing studio space during off peak hours which can generate additional income as well. In addition to the dance school, there is a non profit dance company affiliated with the school, which allows for discounted venue booking as well as paid postage and more public charity fundraising, advertising, etc. to enable the company to produce higher caliber dance performances. The owners would be willing to transfer the non-profit as part of the sale. This is a solid opportunity with lots of existing goodwill, ready for a new owner to take it to the next level.

Property information

Real Estate:

Lease

Location:

This is a large, well-established and reputable dance school for sale that offers Ballet, Jazz, Lyrical, Modern, Hip Hop and Tap. Multiple large sprung floor studios with soaring ceilings, Marley type floor coverings as well as a multi purpose flooring, large waiting/viewing areas with furniture, dressing rooms, multiple restrooms, retail shop and offices in a custom built facility with soundproof walls and all fixtures in excellent condition.

Other information

Expansion potential:

There is potential for tremendous growth in this business via marketing through schools, outreach programs, preschools, etc, which this school has been invited to do but has been too busy so far to tap into this market. Unused studio space is also available for sublet during off peak hours as extra income. The retail store also has tremendous growth potential with daily traffic of 60 - 200 people on a daily basis.

Competition / Market:

The owner has set very high standards for this dance school, so the word of mouth referral base for this business is well established as the place to take their children for dance lessons. With a tremendous amount of goodwill, outstanding instructors, and room for growth, this business is an attractive purchase.

Support & training:

Negotiable.

Reasons for selling:

Owners are moving out of State. Motivated to sell!

Financing available:

Broker can assist Buyer in obtaining financing.

Furniture / Fixtures value:

$30,000 (included in the asking price)

Inventory / Stock value:

$10,000