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Finance And Services:

Sold. Freehold Award Winning Dance School & Fitness Studios

LISTING DETAILS
Firms For Sale ID:
34011
Vendor reference:
CO172
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£360,000  
Turnover / revenue:
£100,000
Net profit / cashflow:
Undisclosed
Years established:
40
Number of employees:
7
Employees / staffing:
The vendor works in the business. The business also utilises the services of 3 self-employed dance teachers who operate on a full time basis as well as 2 part-time tutors. The business employs 2 cleaners on a part-time basis. All staff are suitably qualified and highly motivated. They are a real asset of the business.

OTHER DETAILS
Reason for selling:
The vendor is looking to retire and relocate.
Support and training:
The vendor will provide a comprehensive handover. This should be a relatively simple process as the business model is simple and the studio has excellent tutors who are self-motivated, dedicated and trustworthy.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Freehold Award Winning Dance School & Fitness Studios
Ref.CO172
Location West Midlands
Asking Price GBP 360,000
A rare opportunity to acquire a very well established and highly regarded dance school and fitness studio that has been successfully serving the region for almost 40 years.
This rather unique business provides a comprehensive range of dance and fitness classes to both adults and children that cover a range of disciplines. The studios have been equipped with the latest fixtures, fittings, visual aids and sound systems to enable the business to provide superb tuition in exceptional surroundings.
The business offers a full ballet school under the guidance of The Royal Academy Of Dance (RAD) and also offers a range of other disciplines including Latin ,Ballroom, Latin American, Salsa, Tango, Tap, Rock n Roll, Modern, Freestyle, Jazz, Hip Hop and Musical Theatre. The business utilises The Associated Boards of Dance as the examining board for these disciplines as they are recognised by the BDQT (Board of Dance Quailifications & Training).
The studio also offers the ever popular Latin Inspired dance fitness programs including Zumba. There is huge scope to develop this side of the business further, should a new owner so require, as fitness based and performance based dance and non-dance routines are hugely popular and this represents an excellent area of future growth.
The business premises are freehold and represent a sound investment, being in first rate condition and ideally located on a High Street in a densely populated area with excellent accessibility, own car park on site and other parking nearby.

Expansion Potential
The premises are large and both studios are a good size. The business has the ability to accommodate significantly more clients within its current infrastructure should a new owner so wish.

There are many ongoing opportunities available to a new owner including the development of more fitness based courses as well as more aggressive marketing of its current offerings.

Market / Competition / Non-Competition Agreements
The business has its own informative website and also has a presence on social media. It does occasionally advertise via local newspapers but could certainly benefit from further exposure. However, in saying that, its best form of marketing comes via word of mouth recommendations and referrals.