Freehold Award Winning Dance School & Fitness Studios For Sale

11/wk

Freehold Award Winning Dance School & Fitness Studios
Ref.CO172
Location West Midlands
Asking Price £ 360,000
Freehold

Asking price includes:

Ideal detached single storey freehold property circa £300,000
Turnover circa £100,000 p.a.
Circa 250 clients per week
Fully equipped dance studios (2)
Grade 1 Maple sprung ballroom flooring
State of The Art Touch screen music/sound systems
Royal Academy of Dance Association
The Associated Board of Dance Members
Excellent staff
Large car park
Superb “High Street” location
Website/Facebook/Twitter
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.

Facilities:

The business operates from excellent detached, single-storey freehold premises and boasts a High Street location in a highly populated suburb of the city. It has its own large car park and there is additional parking in the surrounding roads. The site is secure and has an alarm system fitted. The premises are in excellent condition and boast a large reception/welcome area with coffee lounge and seating area. There are separate ladies/gents washroom/WC facilities. There are two separate dance/fitness studios that are fully equipped with quality flooring, mirrors, sound systems, piano etc. The building has central heating and double glazed windows. We are advised the business currently enjoys 100% business rates relief.

Competition:

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.

Growth 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.

Training/Support:

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.

Sale Reason:

The vendor is looking to retire and relocate.