Business For Sale

Performing Arts Studio Ready for next owner

West Chicago, IL
DuPage County


Asking Price: Annual Revenue:
$125,000 Not Disclosed

Services: Non-classifiable


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RE: Performing Arts Studio Ready for next owner Broker: Steven Eschbach

Quick Facts

Asking Price: $125,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2011
Employees: Not Disclosed
BBN Listing #: 214052743
Broker Reference #: 3233-83771

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Business Overview:

This attractive and well-established dance studio in the Western Chicago suburbs is ready for the next owner. The current lead instructor/owner, with over 30 years of dance instruction experience - and still dances today - opened her doors in 2011 but is now ready to retire. Two large dance rooms and a separate dressing room are among the amenities of this spacious facility. Revenues in 2016 were $163,747. Owner will consider seller financing.

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Property Features and Assets:

This attractive and well-established dance studio in the Western Chicago suburbs is ready for the next owner. The current lead instructor/owner, with over 30 years of dance instruction experience - and still dances today - opened her doors in 2011 but is now ready to retire. Two large dance rooms and a separate dressing room are among the amenities of this spacious facility. Revenues in 2016 were $163,747. Owner will consider seller financing.

Market Competition and Expansion:

The Dance Studio industry is highly fragmented with an estimated 66,614 companies competing nationwide. According to the U.S. Census Bureau and IBISWorld estimates, more than 86% of the industry enterprises are non employers, commonly small schools run by sole proprietors who manage dance studios and provide instruction. The largest operators in the industry are franchises like Arthur Murray International and Fred Astaire Dance Studios. In the past five years, the number of dance studio companies grew at an annualized rate of $2.5% as the industry continues to rebound from the recent recession. Showing Comments Excellent location and excellent appearance, Potential Growth In the five years to 2016, the multibillion-dollar Dance Studio Industry has benefited from the polarization of dance-inspired television shows and the rising interest in health and fitness. As a result, in the five years to 2016, annualized revenues is expected to increase at an annualized rate of 2.5% to an expected to increase $2.9 billion, which includes an estimated growth of 1.7% in 2016 alone.

Reason for Selling:

Retiring

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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