Dance Studio Investment Opportunity in Indore, India
|Employees||5 - 10|
|Legal Entity||Private Limited Company|
|Reported Sales||USD 1.3 thousand|
|Run Rate Sales||Nil|
|EBITDA Margin||10 %|
|Industries||Event Management + 1 more|
|Local Time||5:34 AM Asia / Kolkata|
|Listed By||Business Owner / Director|
- Offer event management services and fitness training in Zumba, yoga and dance. Over 70% of the business' revenue came from the event management vertical with 30% coming from the fitness studio during the first quarter of this year. Business earned approximately INR 1,00,000 during this period. The business is currently shut due to the ongoing pandemic.
- We have organised 5 events till date (weddings, birthday parties and corporate events).
- Have served over 500 clients in the fitness training vertical. The number of clients are high because we priced our fitness classes very cheaply at INR 99.
- We want to introduce these fitness training classes, priced at INR 99, pan India. We are primarily targeting schools for that purpose by adopting the 'Fit India Movement' campaign as our ideology.
- Besides those fitness classes, we also offer Zumba and dance classes that cost INR 1,000 per month and yoga classes that cost INR 1,500 per month. Our fitness trainers charge a commission of 20% on the selling price of the services.
- We have also received a Letter of Intent (LOI) from the state government to construct a fitness studio inside railway stations. This is the first of its kind in the country.
- The promoter has been mentored by experts in the event management industry and has also participated in a reality dancing show.
1) Event management services.
2) Fitness training (dancing, Zumba, and yoga)
Registered office with an area of 1,500 square feet that is on a rent. Paying a monthly rent of INR 25,000.
Two fitness studios on rent inside schools; both of the studios have an area of 1,200 square feet each. Paying a monthly rent of INR 50,000 across both the properties.
Duration of the rental agreements are 11 months and they are renewable.