Dance Studio and School in East London For Sale

Excellent trading position, residential, office and commercial area, East London

Turnover £ 2,200
Price £140,000

Features

Rear Opportunity Dance Studio / School

Online booking system with client database over 3700 clients
NET PROFIT £45,000 approx.

Basement PREMISES in the region of 850 ft² open studio with 9 poles, vinyl floor, ceiling with LED spot lights, Air conditioning with hot air, professionally installed mirrored wall

Changing Room

Shared Toilets

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,200 p.w.

Staff

The business is at present operated by the vendor's wife with 4 self employed instructors (paid £20-£30 per hour).

Trading Hours

7 Day week
MONDAY - FRIDAY 6pm - 9pm
SATURDAY & SUNDAY for 4 hours for booked classes

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 2 years in 2024 at a current rent of £32,500 p.a. + VAT including all services.

** Landlord requires a £5,600 rent deposit. **

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2016, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £140,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 70,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote