Summary: 
Just miles outside of Omaha
Business Type: 
service
Location: 
Nebraska
Price: 
$118,000
Sales Revenue: 
$80,798
Cash Flow: 
$65,588
Realestate Included: 
No
Employees: 
1
Internal Listing:: 
INS002
Reason for Sale: 
Family health issues

Description
Just miles outside of Omaha, Nebraska this Dance Studio offers a new and unique urban dance experience for the Omaha dance market. Featuring sports hip-hop, urban jazz, tap and clogging, and developmental gymnastics. The first and only dance center of its kind within this growing community. The combination of urban dance with character development and engagement, develops students both as dancers and as growing individuals.

Opening its doors four years ago, this studio has doubled in size each season and has quickly become the industry leader for urban dance in the area. The Seller is willing to stay on as an instructor post close if the Buyer should desire. She is selling due to family health issues.

The business is currently open Monday – Thursday 9 months out of the year – during the school year, and then has summer camps as well. There is easy growth opportunity for this business by partnering with the local schools and / or adding adult classes for socializing during the year as well.

With a Buyer’s initial down payment of $35,400 they would have a Net Operating Income (Profit) of $50,529 in year 1 after all expenses and loan payments were paid; that is a 143% Return on Investment!

Financial Overview
List Price: $118,000
Gross Sales
2014: $80,798
2013: $76,588
Owner Profit/Cash Flow
2014: $65,588
2013: $61,348
Multiple: 2.1 *Multiples range from 1-5, with the average being 3
Valuation: 2014 Cash Flow x Multiple = Price
$65,588 x 2.1 = $137,735
Discount of $19,735 due to family health issues and her desire to have a smooth and timely transition

Assets Included in Purchase
Intangible Assets: Fully functioning website along with social media sites actively used and monitored for great SEO traffic; talented roster of participants, and a recognized name

Business Information
Year Established: 2011
Classes Offered: Hip-Hop, Clogging, Ballet, Gymnastics, and Tap
Location and Service Area: Northwest of Omaha, Nebraska
Lease: Huge open space with a front president’s office
Reason for Selling: Family Health Issues
Employees: 1 Instructor
Hours: Monday – Thursday Class only 9 months throughout the school year plus summer camps
Seller Training Period: Seller is willing to train and transition post-close as well as stay on as an instructor if Buyer should desire
Growth Opportunities: Offer adult classes and partner with local schools
Current Owner’s Responsibilities: Owner teaches classes and develops routines

Funding Example
Purchase Price: $118,000
30% Buyer Down Payment: $35,400
15% Seller Financing: $17,700
55% Bank Loan: $64,900

Net Operating Income (Profit) of $60,529 in year 1 after all expenses and loan payments are paid

Next Steps
For a detailed financial package, please contact Cortney Sells or one of The Firm Business Brokerage’s professionals at 402.998.5288 or email Confidential@TheFirmB2B.com.

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