Do you want to start a dance school business by buying a franchise? If YES, here are 8 best dance school franchise opportunities for sale and their cost. There are many business opportunities in the entertainment industry and if you are interested in this industry, you can consider starting your own dance school. Depending on the part of the world you live in, establishing a dance school means that you stand the chance of making good fortune from the business.
In other words, starting a dance school with a well – equipped dance studio can be capital intensive but it is indeed a profitable venture especially if your dance studio is well equipped and furnished and if it is located in an entertainment hub of your city or state.
A recent report released shows that the industry has recently expanded due to increased demand for popular music events, higher household expenditure on music and theatre productions and greater government funding. Despite this, the industry is expected to be in the mature stage of its life cycle. Industry value added is estimated to increase at an annualized 0.7 percent in the 10 years through 2022-21, which is lower than growth in GDP of 2.6 percent over the same period.
So, if you want to leverage on the brighter future of this industry to open your own dance school, then one of your best bets is to buy the franchise of a successful dance school in the United States and here are some of the best dance school franchises you should consider;
8 Best Dance School Franchise Opportunities for Sale and Their Cost
-
The Millennium Dance Complex
The Millennium Dance Complex is known worldwide as the premiere studio of the commercial dance world. It is widely referred to as a ‘the place where it all happens’. Although the studio’s A-list clientele and a faculty of the most sought after dancers and choreographers in the world has catapulted Millennium to a global brand, it still remains notably grounded, welcoming and dedicated to the highest level of service and instruction.
Millennium is the preeminent brand in commercial dance, and it is home to some of the highest-profile choreographers, who work with A-List celebrities and pop stars such as Justin Bieber, Justin Timberlake, Britney Spears and Miley Cyrus.
World famous Millennium Dance Complex is expanding and they are looking for visionary entrepreneurs like YOU who recognize the opportunity when an exploding industry like dance is combined with the biggest name in the business.
If you are interested in buying this franchise, here is a useful info;
Including franchise fee, security deposits, three months of working capital, flooring, mirrors and everything else, the typical Millennium Dance Complex may run between $200k to $500k (depending on location, size, and amount of tenant improvements necessary).
-
Fred Astaire Dance Studios
Since 1947, when Mr. Fred Astaire co-founded the company, Fred Astaire Dance Studios has been a successful worldwide name, identified with dance excellence. Mr. Astaire himself was instrumental in creating the exclusive ballroom dance curriculum and instructional method, to ensure that his dancing techniques would be preserved and passed on to the public.
Using these unsurpassed training and certification programs, their mission has always been to share the joy of lifelong dance as a tool to inspire, renew and empower their students, instructors, staff and communities! Today, Fred Astaire Dance Studios dance studio franchise system is always expanding, with over 180 studios in cities throughout North America and around the world.
Detailed and Complete Estimated Initial Investment
- Initial Franchise Fee – $25,000 to$40,000
- Initial Training Fee – $0 to $5,000
- Travel and Living Expenses While Training – $1,000 to $3,500
- Security Deposits for Leasehold and/or Utilities – $5,000 to $15,000
- Rent for 3 Months – $15,000 to $45,000
- Construction Management – $0 to $15,000
- Construction due diligence – ,000 to ,000
- Design, Architecture, Engineering – $5,000 to $20,000
- Construction Permits and Permit Management – $1,000 to $10,000
- Net Leasehold Improvements – $100,000 to $250,000
- Furniture, Fixtures and Equipment – $25,000 to $50,000
- Signage and Graphics – $10,000 to $15,000
- Supplies and Accessories – $5,000 to $15,000
- Business Licenses – $500 to $2,500
- Technology Fee for 3 Months – $600 to $600
- Professional Fees – $2,500 – $10,000
- Insurance – $3,000 to $5,500
- Grand Opening Marketing Budget – $10,000 to $10,000
- Working Capital for 3 Months – $50,000 to $70,000
- ESTIMATED TOTAL – $259,600 to $587,100
-
Arthur Murray Dance Studio
Arthur Murray Dance Studio is a standard dance school that was established as far back as 1913 and they started franchising since 1939. They have their headquarters at Coral Gables, Florida and can boast of having an estimated 260 franchise units spread across the United States of America.
The franchisor offers the franchise to persons who have owned, operated, or instructed at dance studios or have been involved in the dance studio business.
Detailed Estimated Initial Investment
- Initial Franchise Fee – $12,500 to $100,000
- Leasehold Improvements – $10,000 to $50,000
- Furniture, Fixtures and Equipment – $2,000 to $18,000
- Video Tapes, Promotional Brochures, and Step Charts – $285 to $650
- Signs – $2,000 to $10,000
- Three Months’ Rent – $7,200 to $21,600
- Training Expenses – $0 to $5,000
- Additional Funds – 3 months – $0 to $20,000
- ESTIMATED TOTAL – $46,485 to $225,250
-
Tutu School
Tutu School is a well – recognized children’s ballet school in the United States of America that was established in 2008. They started franchising since 2012 and that is about 7 years ago. Tutu School has her corporate head office at 4212 N. Damen Ave. Chicago, IL 60618 and the current CEO of the company is Genevieve Weeks.
They are seeking new partners to buy their franchise from all across the United States of America and if you are interested in bringing Tutu School to your city, you can contact them via their official email address or visit their office.
Financial Requirements
- Initial Investment – $73,700 to $135,200
- Ongoing Fees – (Initial Franchise Fee) – $36,000 – $36,000
- Ongoing Royalty Fee – 5 percent
- Ad Royalty Fee – 1 percent
- Veteran Incentives – 10 percent off franchise fee
-
DivaDance Company
DivaDance Company was founded in 2015, but they usually say that their roots go way deeper. With self-love and body confidence at the core of DivaDance Company curriculum, they offer all-levels of choreography in a sexy, sweaty, stress-free dance party.
DivaDance Company is on a mission: to bring women together for a unique dance fitness experience, and to build self-confidence, self-love, and community in themselves and other women. DivaDance Company are now bringing DivaDance to select cities throughout the US. If you want to know more about their dance fitness franchising options, then you should contact them via their website.
-
Jazzercise
Jazzercise is the original dance party workout. Blending dance with Pilates, yoga, kickboxing and strength training, one 55-minute session can burn up to 800 calories. The results? Long, lean muscles and an undeniable mood boost.
Judi Sheppard Missett started that revolution in 1969 when she created Jazzercise. Today she runs the company as CEO and Founder and teaches classes every week. Her daughter, Shanna Missett Nelson, is their President and an instructor. They are psyched to be led by strong, active women, and if you want proof that their workouts crush it, just take a visit to one of their dance studios.
Their Jazzercise instructors have raised more than $28 million for a wide range of causes, most of them directly affecting their local communities. Jazzercise also offer Kids Get Fit, a community outreach program to fight childhood obesity. Jazzercise instructors also throw free dance parties at schools all over the world to get kids moving.
If you are interested in buying the franchise of Jazzercise dance school, then you should visit their official websites for the financial requirements and other details.
-
The Royal Ballet School
The Royal Ballet School is a division of the Royal Ballet Company, based in London. The school provides rigorous classical ballet training, in hopes to place graduates in famed ballet companies worldwide.
If you are interested in buying the franchise of The Royal Ballet School and bring the brand to the United States of America, then you should contact them via their official website for their financial requirements and the terms and conditions associated with this franchise.
-
Joffrey Academy of Dance
Joffrey Academy of dance is not only one of the most famous ballet schools because popular people like Chloe from Dance Moms is in there. It also because the teachers at this ballet school have a high – quality dance citizenship and are very good demonstrators as well.
The Joffrey Academy of Dance is a New York City- and Chicago-based contemporary ballet school that continues to push the standard of excellence in dance education and performance. The Joffrey Academy of Dance is seeking to expand all across major cities in the United States of America and other nations hence they are calling for investors who are interested in dance school to buy their franchise.
If you are interested in buying the franchise of The Joffrey Academy of Dance and bringing the brand to your city in the United States of America, then you should contact them via their official website for their financial requirements and the terms and conditions associated with the franchise.