Fred Astaire Dance Studios is a dance studio offering classes in ballroom dance and dance fitness. The franchise provides instruction for all skill levels, from beginners to advanced dancers.
Key Insights
- Fred Astaire Dance Studios has a long-standing legacy in ballroom dance instruction, built upon a foundation of established teaching methods and a recognized brand name that resonates with a desire for refined movement and social connection. The franchise offers a structured curriculum and a proven operational model for aspiring studio owners.
- The business provides comprehensive dance education for individuals seeking social, competitive, or health benefits, covering a wide range of popular dance styles. This creates multiple revenue streams and caters to diverse student interests within the recreational and enrichment sectors of the education market.
- Operating within the personal enrichment and adult education industry, the franchise offers individuals opportunities for self-improvement and skill development. The demand for dance instruction is sustained by a desire for physical activity, social engagement, and artistic expression.
Franchise Fee and Costs to Open
Exploring the financial picture of Fred Astaire Dance Studios gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $296,200 - $658,200, along with a franchise fee of $35,000 - $60,000.
Financial Performance and Revenue
Yearly gross sales of $639,456 and estimated earnings of $76,735 - $95,919 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 6.0-8.0 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Fred Astaire Dance Studios provides new franchisees with comprehensive initial training. This program offers valuable insights and operational guidance. The intensive training period lasts for two weeks and takes place at their dedicated training facility. Fred Astaire Dance Studios also offers ongoing support and resources throughout the franchise journey.
Legal Considerations
Legal considerations for a Fred Astaire Dance Studios franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
Operating a Fred Astaire Dance Studio franchise involves navigating local market dynamics, where established studios or emerging competitors might influence customer acquisition. The business model’s success hinges on consistent delivery of quality instruction and customer experience, requiring robust staff training and retention strategies. Furthermore, maintaining the brand’s specific aesthetic and curriculum can present operational complexities, from studio design to specialized equipment sourcing.
Franchise Datasheet
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