Performing Arts business looking for a Franchisee in Goa

Product / Service

Specialized in Afro-Latin dance, we organize parties, classes and workshops in Goa. We are successful in providing this service for the past 6 years.

Clientele type

Foreigners and Domestic people who visit or have made Goa as their base.

Premises

The premises for the franchise can be leased or owned.

Asking Price Includes

Estimated initial investment:
• Initial franchise fees (Includes franchise fees, training fees & legal fees) INR 3,15,000/-
• Working capital (Operating & Marketing exp) INR 1,50,000/-
• Deposits & other assets INR 1,10,000/-
Total estimated investment INR 5,75,000/-

Reason

After successfully running business for last 6years, planning to expand the business. Initially starting to expand in other parts of Goa.

Other Details

Goa is a growing market in the Performing Arts field. With many industries setting in the last few years especially, the hospitality industry bringing in many migrants from outside Goa to work here, the scope for the Performing Arts field has been multiplying in the last few years. The business we deal with is more about socializing and networking, which is a vital part of human life. Our business solves the problem of what a Human need in their social life along with recreational activities. We have tie-ups with venues for hosting parties.
The studio rental fee is charged by the owner on an hourly basis. So, it depends upon the number of hours we book it for.
The business has one employee for administration work and another is a Social Media Expert.
The Teaching part will be taken care of by the Promoter.
Why us?
• With six years of hands-on experience, we possess strong market expertise that we built from the ground up.
• We have gained valuable experience in running a thriving and profitable business.
• Our brand stands out with strong market recognition in the market.
• We possess the expertise in cultivating and expanding the Afro Latin Dance community, resulting in a positive impact on business.
• We have the experience of hosting National Level Afro Latin Dance festival with 300+ participants from all over India.
• Product support – Qualified, Talented Instructors and DJ’s provided by us.
• Support & Training provided to you right from the beginning in setting up your franchise.
• No dance experience is necessary to operate this business. We will provide you with all the guidance and knowledge needed at each step to ensure the successful operation of this business.
The Advantage:
• We have extensive knowledge of the Afro Latin Dance business, particularly within the Goan market.
• We recognize the current market opportunity and believe it is the perfect time for you to enter and establish a dominant presence, surpassing any potential competition.
• By joining us as a franchise owner, you gain access to our six years of experience, including comprehensive resources for management, training, marketing, and development. These resources will provide you with immediate leverage from the very first day you join us.
• Our expertise will assist you in pre-opening training, conducting market analysis, utilizing existing social media platforms for promotional purposes, and effectively managing and expanding your franchise.
• Opening a dance studio – opening any new business – takes a lot of work, we have structured a franchise business model with flexibility to work for all types of locations. With no physical brick and mortar space required to rent on monthly basis, you have low overhead and flexibility while retaining all the opportunity that comes with the ownership of your own business.
Revenue sources:
• Regular dance classes in Salsa, Bachata and Kizomba.
• Intensive dance workshops.
• Weekly Afro Latin Brunch, Pool and Night parties.
• International Afro Latin Dance festival.
• First Dance & other such specific requirement classes.
• Private group dance classes.
• Shows & Performances.
Key takeaways:
• Payback starts from 7th month.
• Estimated ROIC in the third year is 43.56%.