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LEADING DANCE STUDIO IN GREAT LOCATION

SOLD

  • ID Ref 2986
  • Suburb Newcastle
  • State NSW
  • Status Sold

Business Description

This business is quite unique in that it offers a truly great lifestyle with all the benefits that come from consistent profits, great working hours, wonderful and committed staff and clientele who simply love the business, dance and the local community.

The business is a highly regarded dance studio which is perfectly located in the beautiful Lake Macquarie region of NSW and services the large and growing communities of the Central Coast, Lake Macquarie, Newcastle and Hunter regions.
It has a long and proud history of providing popular dance tuition options that range from dance classes, private tuition for all stages and advanced performance levels. This dance studio is well established and has a long-standing reputation of excellence, both within the local community and the broader Australian dance industry as demonstrated by the many accolades received by the studio and its students over its illustrious 45-year history.

The business is centrally located and offers a well-equipped studio which services the growing demand for quality dance tuition. The business has a great team of 9 casual instructors who each teach most styles of dance, from traditional genres such as Royal Academy Of Dance, Modern Lyrical / Contemporary, Tap and Jazz, to the ever-popular Musical Theatre, Hip Hop and Burlesque (for the adults). The business also caters to the growing demand for fun and fitness classes and performance groups, offering activities such as special showcases and competition performances.

The business is positioned to capitalise on the many opportunities to grow the business, particularly in the areas of new and existing services. Considering the growth and development in the area, particularly the growing population in the region and the strong and growing popularity in dance, this opportunity is well substantiated. The profitable business has an enviable clientele base and a large database of customers that can be leveraged for future advancement. The business has an extensive list of valuable assets included in the sale. A small, but extremely capable team is already in place. Business has remained strong due to the brand's popularity, and growing demand which is reflected in the consistent and growing profitability. This business provides an excellent return on investment, with 2018 financials on track for an adjusted net profit for the current owner circa $80,000.

THE OPPORTUNITY

This leading privately-owned, independent, local business provides its clientele with quality dance tuition. So if you’re looking for a strong performing brand, a profitable and proven business in a growing industry, then enquire now because this opportunity won’t last long! This is a perfect business because it’s easy to run and profitable.

There are significant opportunities to grow the business further which will be shared with interested parties under confidentiality. Features of the business include a great lease till 2028, rent circa 10% of turn over, a valuable fit out and equipment included in the sale, support and business systems. Being a successful business in a great location, it provides a great income and lifestyle with many opportunities to achieve even greater success into the future.

If you are interested in finding out more about this quality opportunity, visit www.merchantbrokers.com.au and simply register. You can also enter into a Confidentiality Agreement quick and easily. Alternatively, call Ian Jones on 1300 BROKER or 0402 111 500.

Business Features / Snapshot

Your Business Broker

Ian Jones

Business Location

Newcastle, New South Wales 2300