Internal Ref: RN 642
Summary
Long est business name and goodwill that has been built up over 20 yrs. The school currently has 167 students enrolled and growing. Substantial variety of classes and grades with a large diversity.
Revenue
$343,000 pa
Rent
$72,000 pa
Expenses
$151,000 pa
Net Profit
$120,000 pa
Location Details
Locations on North Shore with 4 studio spaces. In addition a studio nearby is currently vacant and has wall hung barres and a dance floor. All locations are fully equipped for teaching.
Potential
Additional marketing should lead to more students
Skills
Qualified dance teacher would be an added advantage OR a knowledge of the industry.
Hours
Typically 3.30 pm to 9 pm weekdays but closed during school holidays. The owner takes approx 10 weeks annual leave.
Lease
Leases are renewed annually with the facilities used.
Employees
Owner manages thje dance academy and also does some teaching. In addition there are 10 casual teachers who work different hours.
Reason for Sale
Retirement after 20 years of teaching.
About the Business
Highly respected and renowned dance academy school that has been established for 20 years with a history of outstanding achievements for their students.
Long established business name and goodwill that has been built up over 20 years. The school currently has 167 students enrolled and growing. With the substantial variety of classes and grades there is also a large diversity of students with varying degrees of enthusiasm, level and commitment.
This Dance Academy has achieved recognition and success both locally and on the national stage in their exams and at competitions. It has won numerous awards- see later.
The teaching faculty bring years of professional experience and knowledge from across the globe. They are able to provide cutting edge tuition and unique opportunities by not only highly qualified teachers but ones that have actually worked professionally to achieve the highest possible levels in their own performing careers.
Students and the teachers have been engaged in professional work in Australia and around the globe.
The school has earned an enviable reputation in their standards of excellence and the unique supportive family environment. Through their common bond of dancing an atmosphere of friendship and caring has developed and is shared by the students, their families and the faculty.
Lifestyle business, operating typically between 3.30 pm to 9 pm through the working week and Saturday mornings. The owner takes approx 10 weeks annual leave. Business closes at the end of the year as well as during school holidays. There are optional exam classes run in some school holidays which provide additional fees.
Same owner for 20 years, now wishes to retire professionally and possibly work in a different area of the industry.
Locations on North Shore with multiple studio spaces. All premises have been set up specifically with students needs in mind.
Excellent team of professional staff with an opportunity for a new owner to take on additional hours of teaching and expand the business further. All teachers at the dance school are highly accomplished to guarantee the finest training is delivered at all times.
The school and its students are involved in many external showcases and competitions where above average success is often achieved.
The business generates its clientele mostly from referrals and feedback. An excellent growth opportunity exists for a new buyer who is keen on marketing and promotion. There is an upgraded and excellent website which enable students to enrol online.
History
The owner started this school 20 years ago and has predominantly worked on the North Shore.
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