Fully describe the business's activities?
The business well established dance school in the East of Pretoria providing weekly dance classes to anyone from teenagers to seniors. They have different classes for either beginners, experienced dancers, couples preparing for their wedding dance or just something fun and different to do on a week night with friends. The school also support 4 licensees which trade under the same name as this business and they pay a bi-annual fee.
How long has the business been established?
The owner started the business in 2005 and has successfully run the business since then.
How does the business operate on a daily basis?
The dance school is open 2 days a week. The owner schedules couples classes, wedding couples or group classes with her instructors . One of their employees open and closes the dance hall every evening when they have classes scheduled. Classes are 45 minutes and the instructors handle all the registration and administration on dance evenings. The owner pops into dance evenings to oversee all the activities , however her instructors are more than capable in running the whole evening.
How are the clients attracted to the business?
The business is well-known in Pretoria. Many of their clients are through word-of-mouth advertising. This is not a typical dance school but rather an interactive, fun evening learning how to dance socially.
What Advertising/Marketing is carried out?
The business has a website, social media platform and make use of Google Adwords. They also advertise in wedding magazines and at the wedding expo.
Does the business have any contract work?
Currently they have approximately 80 active memberships. Their membership agreements runs for 6-months. Non-members are also welcome to join and pay a once-off fee for the night.
What competition exists?
No direct competition in the area, they have a very unique fun style of teaching their members to dance socially and do not provide training in styles such as ballroom.
What are the seasonal trends?
The business closes over the December Holidays and they are usually quiet during April with all the public holidays.
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
The owner will have monthly accounts available for the 2018 year-end.
What Balance Sheet and Income Statements are available?
We have the Financial Statements for February 2017 available
What percentage of the business is cash/credit?
The clients usually pay their membership fees in advance either by EFT or Debit order. There will be some registration fees or once -off fees paid in cash.
How could the profitability of the business be improved?
The business is currently only trading two nights a week and a new owner can extend these days. A new owner can also sell more licenses fees as there is definitely room to grow the business.
Is Seller finance available and for what amount?
This can be arranged depending on the size of the deposit.
What is the total staff complement?
The owner has 3 permanent employed instructors. She also has a list of instructors that can assist her anytime with teaching classes.
Do any receive special perks or incentives?
All instructors get paid per hour according to their time sheets and bookings which the owner manages.
Are they on contract?
Do any have management potential?
One staff member will be able to run the business.
How involved is the Owner in running the business?
The owner teaches two night and schedules all the clients with her instructors. She also does the admin which only takes her a couple of hours a month.
When does the current lease end?
They have a month-to-month lease, however they have been renting the premises since 2005.
Is there an option of renewal & what period?
Yes there is.
What are the trading hours?
Trading hours for two nights a week: 17:00-22:30
Is a copy of the lease available?
Yes, this can be provided.
Do you require a licence?
What are the main assets of the business?
The main assets in the business is a vehicle, sound system, lighting and a laptop. A full asset list can be provided to an interested buyer.
What is their overall condition?
Everything is in a good and working condition, nothing need repairing.
How have they been valued ?
We used the owners valuation.
Which assets are on lease/HP and with whom?
Are they presently insured?
The vehicle has comprehensive insurance.
- Well established dance school which is popular in Pretoria as well as other parts of Gauteng; - Great growth potential; - Low overheads; - Loyal, trustworthy staff; - easy to run business; - Limited hours
The business requires highly motivated staff
- The business can be expanded by adding more dance evenings;
What is the reason for the sale?
The owner and her family is emigrating.
Why is this a good business?
This is an easy to run business, with low overheads and only demands a few hours of your time a week. Trustworthy staff that has been with the business from the start. Well known dance school in Pretoria with great benefits. Call the broker to find out more.
What is the price plus stock and the net profit?
The Selling price is R 650 000 with an average monthly net profit of R28 000.
Discover similar, inspiring businesses for sale
Annual Turnover Amount between R 500 thousand and R 6 million