Leasehold Dance School In Portsmouth For Sale

Business description

The particular highlights of the business are:
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Good loyal clientele.
- Turnover in excess of £20,000 pa.
- A business with great potential which has not been exploited.
- An easily run operation.
- A good first time buyers business.
- Teaching of all types of dance, modern, street, ballroom and many others.

History
Phoenix Business Transfer Agents are delighted to place onto the market this established dance school which has been established since 2005. The business has been in the hands of the current owner since inception and she now wishes to sell due to retirement.

Services
This very good business opportunity provides teaching all types of dance, modern, street, ballroom and many others

Staffing
The concern employs no staff as this is a family run business.

Owners Role
The owner is involved in the day to day running of the business.

Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.

Competition
There is no immediate local competition.

Market
The client base consists of locals and regular clients.

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include week ends.
• With the introduction of a website.

Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.


The present turnover is £25,211 per annum.
The potential turnover of the business within the next 2 years is forecast to reach £35,000 given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.


Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 5 years with 3 years remaining. The rent is £15,100 pa with a review in 3years. The lease may be renewable or negotiable for longer term if required. The rates are £5,000.

Leasehold rent:

£15100pa per annum

Location:

- Situated in Cosham area of Portsmouth.
- Situated on an industrial estate.
- Excellent parking facilities.
- Area earmarked for regeneration.
- Surrounded by well / densely populated residential area with schools and other local amenities.
- Area offers exceptional lifestyle.
- Commercially thriving area.

Premises details:

The property is located in a trading estate and hire a hall on an hourly basis.

There are toilet facilities available.

Business Operation

Expansion potential:

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include week ends.
• With the introduction of a website.

Competition / Market:

There is no immediate local competition.

Reasons for selling:

she now wishes to sell due to retirement.

Trading hours:

Monday to Friday: 10.00am – 10.00pm
Saturday & Sunday: Closed

Employees:

The concern employs no staff as this is a family run business.

Years established:

6 years

Other information

Support & training:

The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.