Dance Studio Seeking Loan in Bengaluru, India
Established salsa studio with 8 years’ experience seeks funding to open a second branch.
| Established | 5-10 year(s) |
| Employees | 2 - 5 |
| Legal Entity | General Partnership |
| Reported Sales | USD 20 thousand |
| Run Rate Sales | USD 21 thousand |
| EBITDA Margin | 20 % |
| Industries | Dance Studios |
| Locations | Bengaluru |
| Local Time | 7:09 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Recently Active |
Seeking Loan
USD
81 thousand
for
10.0%
annual interest,
5
years
(Native Currency: INR 7,000,000)
Reason: We are seeking investment to acquire a new space in Indiranagar for our second branch. Funds will be...
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Collateral Available: USD 0
Includes physical assets worth
USD
23 thousand
Interested to connect with advisors
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Business Name
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Business Overview
- Founded 8 years ago, the dance studio specializes in Salsa and Latin dance education in Bangalore and has thrived post-COVID.
- The studio offers a wide range of dance services, including Salsa and Latin dance classes, specialized events, choreography for various functions, and unique Salsa retreats.
- Classes are tailored to all age groups, from toddlers aged 2 to seniors aged 90, ensuring inclusivity and personalized dance education.
- With a team of 5, the studio boasts experienced promoters with 14 years in the industry and have taught over 500 students.
- The studio is a member of the International Dance Council (CID) under UNESCO, ensuring quality and international standards in dance education.
- Bespoke dance class offerings are crafted considering individual student needs, backgrounds, and unique circumstances, paving the way for personalized learning experiences.
- Popular for its innovative open air classes, the dance studio offers a refreshing and engaging learning environment for all participants.
- The studio's versatile dance services include choreography for weddings, corporate events, and more, offering customization to meet diverse client needs.
- The business holds a Shop Act Certificate and does not need any other approvals to operate.
- The studio offers a wide range of dance services, including Salsa and Latin dance classes, specialized events, choreography for various functions, and unique Salsa retreats.
- Classes are tailored to all age groups, from toddlers aged 2 to seniors aged 90, ensuring inclusivity and personalized dance education.
- With a team of 5, the studio boasts experienced promoters with 14 years in the industry and have taught over 500 students.
- The studio is a member of the International Dance Council (CID) under UNESCO, ensuring quality and international standards in dance education.
- Bespoke dance class offerings are crafted considering individual student needs, backgrounds, and unique circumstances, paving the way for personalized learning experiences.
- Popular for its innovative open air classes, the dance studio offers a refreshing and engaging learning environment for all participants.
- The studio's versatile dance services include choreography for weddings, corporate events, and more, offering customization to meet diverse client needs.
- The business holds a Shop Act Certificate and does not need any other approvals to operate.
Products & Services Overview
1) Salsa dance classes.2) Salsa dance events.
3) Other Latin dance classes such as Bachata, Pachanga, and Merengue.
4) Other dance forms, including Jive and Waltz.
5) Choreography for weddings, corporate events, functions, and get-togethers.
6) Salsa retreats and holidays.
All services cater to students of all ages, from newborns to 90+.
Assets Overview
Tangible assets: Dance studio furniture, dance apparel and accessories, pantry setup, electricals, and miscellaneous items.
Facilities Overview
- The business operates from a 1,100 sq. ft. studio in the heart of Jayanagar, Bangalore, on a monthly rental basis for the past 6 years.- We are in the process of acquiring an additional 1,700 sq. ft. studio in Indiranagar, Bangalore, on a rental basis to start our 2nd branch.
Capitalization Overview
- The business is profitable and currently self-funded.- Owned equally by two partners, each holding 50% ownership.
- Both partners have personal loans of INR 4 lakhs each, taken to sustain the studio during COVID.
- Previous loans totalling INR 12–14 lakh from the past 6 years have been fully repaid.
- The business was launched 8 years ago with an initial investment of less than INR 10,000.
Tags:
Dance Studio Seeking Loan in Bangalore, India
·Dance School Seeking Loan in Bangalore, India
·Lend to Dance Studio in Bangalore, India
·Lend to Dance School in Bangalore, India
·Dance Studio Seeking Loan in Bengaluru
·Dance School Seeking Loan in Bengaluru
·Lend to Dance Studio in Bengaluru
·Lend to Dance School in Bengaluru
·Dance Studio Seeking Loan
·Dance School Seeking Loan
·Lend to Dance Studio
·Lend to Dance School
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