Centrally Located Multi-Event Dance Studio

Business Overview:

• Unique 7,500 square foot facility
• Centrally Located
• Operating 22 years
• Stellar Reputation

With a solid track record of twenty-two years, this large-scale dance studio has established a strong reputation in the industry. The business offers a comprehensive range of services, catering to various training needs, custom classes, and dance challenges. The studio offers 35 dance styles, including American and International Ballroom, club, Broadway-style theatrical, and country dances. The facility also hosts regularly scheduled dance competitions that draw participants from a wide radius. Years of experience and a phenomenal reputation make this studio a trusted choice for training. Further, it offers an excellent platform for those with a competitive edge.

The studio offers a unique feature in that it regularly holds multiple simultaneous events. The events occur seamlessly in the 7,500-square-foot space with separate entrances and exits, kitchens, restrooms, and dance floors. Additionally, while the ballroom is a traditional setup, the additional spaces offer more of a club feel that younger dancers seek. Three spaces are contained in the venue, and each has its sound systems, lighting systems, tables, cushioned chairs, and dance floors. This feature allows for the rental of one room while continuing the primary business of teaching in other rooms. The dance club, one of the three spaces, is a unique feature of this ballroom dance studio as it attracts and retains the younger demographic's interest in different dance forms.

Positioned nicely for growth looking forward, the current owner base has decided, for various reasons, that now is their time for retirement. However, the owners will remain and participate in transitioning the business to a new owner looking to pick up where they left off.

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Property Features and Assets:

The studio is centrally located in a primary city with easy access to the interstate systems. The 7,500-square-foot facility is the largest dance studio in the area and includes three separate dance floors of approximately 3,000 square feet, 1,100 square feet, and 1,800 square feet. The studio also has two kitchens, four restrooms, dressing rooms, an office, and storage space. There are 36 parking spaces on the lot, with an additional 95 available in the evening through agreements with adjacent businesses.

Upgrades to the facility include a new kitchen and bathrooms, new sound and lighting systems, and the addition of men's and ladies' dressing rooms, including a new 1,200-square-foot floating dance floor.

Assets = $62,320

Reason for Selling:

Additional Details:

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