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NYC's Finest Ballroom And Latin Dance Business
Location: United States -> New York -> New York City Area -> Manhattan
Industry: Entertainment and Leisure > Other Entertainment and Leisure




Business Summary

Full service dance business for sale, specializing in Ballroom and Latin dance. 4,000 square feet. Established in 1994, this business relocated nearby in May of 2008. The business rents floor time for independent instructors, has scheduled dance classes taught by staff teachers, and holds dance parties. The studio was built from scratch. Students train for competitions, or for the love of dancing. Highly regarded name in the dance community. NOT an Arthur Murray or Fred Aistaire franchise.

Facilities: One year old dance studio. 4,000 square feet located in midtown Manhattan. Very nicely done. 10 years left on the lease which has a good guy clause. Rent increases 3% per year. Premium floating hardwood floor.
Competition: 14 year old business with a following. Business recently relocated nearby.
Growth and Expansion: Owner operate this business and it will grow. Reach out to instructors.
Support/Training: As negotiated
Reason Selling: Owners have a similar business in Westchester
Year Established: 1994
Employees: 6


Financials

Asking Price Range:  < $250K
Gross Revenues:   $285,163
Cash Flow:   $25,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $87,917
Seller Financing:  Not Disclosed

About The Business

Year Established:  2008
Number of Employees:  6 - 9
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  As negotiated.
Reason For Selling:  Have another studio in Westchester.




Print Listing Id: 700110270
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