Dance and Music Academy with Rapid Growth for Sale 001278
Price: $250,000
Location: Tarrant County, Texas
Industry: Education & Children/Other Education & Children
Listing ID: 001278
Dance and Music Academy with rapid growth is now available for acquisition. Established in 2018 by the current owners, this business has quickly become a fixture in the Fort Worth metroplex due to its innovative services and highly visible community performances and events.
The 2,062 square foot space has been completely renovated to meet the needs of the business, featuring a waiting room, office, five private lesson rooms, a large soundproof studio for music lessons, and a concert hall area with mirrors for dance classes. The location is situated in one of the most affluent areas of North Fort Worth, which allows it to take advantage of its high number of school-age customers. Parents from all over flock here to enroll their children (many times siblings take part in the same lessons) into group and private lessons, summer camps, birthday parties, and more!
This studio stands above its competition through its superior services, well-defined marketing efforts, and strong relationships with customers and local organizations. Although prices are higher than competing businesses, this works well for the surrounding demographic, who are willing to pay for quality instruction and care that can't be found elsewhere. Competitors have even tried to copy some of their unique offerings, like birthday parties and camps but haven't seen any real success yet.
Marketing strategies have proven effective and cost-efficient; this business is among 1st-page results on Google, combined with a solid following across multiple social media platforms drawing in additional clientele. There are also plenty of opportunities for further growth, such as untapped homeschool classes, co-op classes, classes specifically designed for children on the autism spectrum or those with learning disabilities, and kinder classes tailored to children younger than 6 years old.
The current owners both work full-time, with one focusing on customer relations and daily operations while the other manages business decisions at a higher level, such as overseeing teachers and camps/parties, etc. Another instructor can absorb the responsibilities of the owner handling customer relations and camps/parties at an estimated salary cost between $35 - 40K per year. This is the perfect opportunity for an owner with management experience seeking a fast-growing business.
Down Payment: $125,000
Total Sales: $285,977
Cash Flow: $138,892
Inventory: $0 (Not Included in listed price)
FFE: $25,000 (Included in listed price)
Owner Financing: No
Franchise: No
Real Estate: No
Relocatable/Home-based: No
Reason For Sale:
Retirement
Training & Support:
Owners can remain for a 2 weeks transition period to enable a smooth transition into the business.
Year Established: 2018
Employees: 6PT
Absentee Owner: No
Square Footage: 2,062 SF
Facilities Information:
The facility occupies space in a strip mall along one of the busiest streets of one of the most affluent and quickly growing areas of North Fort Worth, with a tremendous demographic of school-age kids. The facility is a 2,062 sq ft space, completely built out to suit the businesses' specific needs, including a waiting room, office, five private lesson rooms, a large soundproof studio for music lessons, and a concert hall area complete with mirrors for dance classes. All of the equipment is in excellent working condition.
Competition:
Competition has been a non-factor for this business, as this studio outshines competitors through superior lessons that are well-structured with a certificate program, popular and unique birthday parties, camps, strong customer relationships, and a solid social media following across several platforms.
Potential Growth:
There are multiple different ways to grow this business and boost revenue. Homeschooling and Co-Op classes are huge markets that have not been approached. Kinder classes for children below the age of 6 are very much in demand for early mornings and early afternoons. There is also a high demand for classes for children with learning disabilities and children on the spectrum. Each of these are largely untapped markets with strong demand that will require additional staff to handle. Hiring additional staff has been simple for this business, in close proximity to UNT and other smaller colleges with large music programs providing qualified teachers.
This business previously offered ballet and hip hop which had near max attendance, but has not been relaunched since pre-covid. Expanding into band instrument rentals and sales could easily be implemented. There is also the possibility to open on Sunday, one of the biggest days for music lessons for many families which hasn't been pursued.
Financing/Terms:
100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.
