Business ID: XB156918
2024 Revenue up 16% to $545K. Profit to owner in excess of $174K
This well-established, highly regarded and purpose-built dance school is an entrenched part of the local community. Multiple studios all under one roof built to Australian Ballet standards, caters mostly to school-age children offering a variety of dance styles.
Situated in one of the state's fastest growing regions, this profitable business boasts:
- Income circa $545k
- Adjusted Net Profit $174k (FY 2023)
- Year on year growth
- Owner runs the business remotely 4 hours away and spends on average 10 hours per week working on the business and 1 day per month in the business.
- 300 plus students and growing, enrolled in multiple classes
- Potential to double the student numbers
- Complete new fit-out including specific sprung dance floor
- No competing dance schools with their own facilities within a 20km radius.
- All management systems and software in place
- Experienced casual instructors who do all of the teaching
- Long lease
- Ranks number 1 on Google for the area
Other revenue streams include:
- Mid-Year Showcase
- Holiday Dance Camps
- End of Year Concert
- Uniforms
- Merchandise
- Digital Recordings of Performance
- Some Photography of Performances
The vendor is open to working with the new owner for an agreed period of time to facilitate a seamless transition.
The business is suitable for an individual or business with the vision to continue to grow it to its fullest potential while making a solid contribution to the world of dance education.
Asking Price: $385,000 including assets and transition support
Property Code: 3873
