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Palm Beach County

  • Listing No.: 109-10417

  • Category: Leisure/Entertainment

Asking Price $250,000.00
Down Payment $250,000.00
Gross Revenue $368,174.00
Total Adjusted Net Income $78,282.00
Equipment / Fixtures $100,000.00
Year Established 1980
General Location Palm Beach County
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Long established children's dance studio for sale in high end part of Palm Beach County. Same owner for the past 24 years who is now retiring. Dance center offers an assortment of ballet, jazz, hip hop, acrobat, modern, and tap dance classes for kids aged 4 and up. Deluxe 5400 sq ft facility (with $6,000/month rent) features four studios with raised and sprung dance floors (two with marley), dressing room, teachers room, waiting area, and two offices. All equipment and amenities are new and modern and a delight for both parents and students. Twelve highly trained dance instructors are paid on an hourly 1099 independent contractor basis. Two additional staff members help with registration and administration. Owner only teaches about 5 hours per week and can easily be replaced. Annual recitals and summer programs round out the regular school year's classes. Multiple generations of families have attended the studio because of the outstanding teachers, customer service, location, and  deluxe facility.  Current enrollment about 150 kids - most of whom are on automatic billing. Seller will consider some financing. Please contact Martin Berliant at 561-827-1181 or email for more information. Nondisclosure form is required.

Gross Revenue $368,174.00 Listed Price $250,000.00
Total Income $78,282.00 Down Payment $250,000.00
Base Rent Square Feet 5400
Total Rent $6,000.00 Lease Expiration 3/2022
Rent Deposit Lease Options
Inventory Not Included Leasehold Improvements $100,000
Equipment / Fixtures $100,000.00 Other Assets
Full-Time Employees Training Period 30 days
Part-Time Employees 2 Special License Required none
Contract Staff 12 Reason for Selling retirement

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.