DANCE BATHURST ST
All inspections with owner
Dance Junction is a Hobart based retail business.
Supplies dance wear and equipment to-
local dancers in the theatrical dance sphere.
It has been in the one family for 45 years.
The business supplies uniforms for 5 dance schools.
The business has solid working arrangements with those
schools.
Also other schools in the area.
The business has been located at its current location since
the late 1980's.
It is well known in the local dance community.
There are no other dance stores in the Hobart CBD.
Dance Junction operates as a sole trader retail business.Trading
10-5 Monday to Friday
10-12.30 Saturdays.
Currently, the store does not open on Sundays or public
Holidays and the business has no employees.
There is enormous untapped potential to increase marketing and the use of social Media,
Increase stock lines and move parts or all of the shop online to improve Revenue.
Ballroom and gymnastics are underserved in the Hobart area and this is Definitely an area to move into in the future.
The premises are leased.
The lease which commenced on 1 April 2017 with a 5 plus 5 year option term.
It is currently in year 2 of the five year option and expires on 31 March 2027.
The Leased area is approximately 30m2.
Lease outgoings are as follows:
Current Rental is 1158.17 per calendar month. ($13,900 per annum)
Water Rates approximately $700 per annum. (5% of the complex)
Land Tax approximately $2000 per annum. (10% of the complex)
Rates approximately $1500 per annum. (10% of the complex)
The business turnover has been steadily building back to pre-covid levels since 2020.
And is now back at those previous levels.
Trade is generally quite seasonal with peaks
Occurring during late January and February, June (just prior to a major dance
Eisteddfod that occurs in July) and November/December which is concert season.
Trade is consistent in other months but at a lower level.
Stock currently at around $50,000.
Price $100,000 Plus Stock at value upon settlement.
Private Sale
Contact
The Marketing Manager
Rob Davies
0411 958 121
To arrange a Private inspection with the owner
