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NYC's Finest Ballroom And Latin Dance Business

Location  New York,United States
Asking Price Range  < $250K
Gross Revenues  $285163
Net Profit / Cash Flow  $25000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  2008
Number of Employees  6 - 9
Inventory  87917
Relocatable  No
Number of Employees  6 - 9
Real Estate  Leased
Training  As negotiated.
Reason for Sale  Have another studio in Westchester.
Description  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
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