How successful are dance studios as a business?

Question

I am curious to know if owning a dance studio is a profitable business to get into?

I am a dancer and am curious to know if owning a dance studio would be successful as a business

Answer 1

it depends on where you're located and what you can offer. it also depends on who you know. if you are an established dancer, then you should be able to recruit some help from your fellow dancers/teachers. you can also attract some business if you are a well known, well liked teacher in the area you want your business to be. however owning a business takes alot of skill and work, you're gonna have to struggle before you can succeed

Answer 2

The biggest obstacle is the amount of downtime in the studio. Since most kids aren't available to dance until after 2:30 or 3pm, and then can only go until 8 or 8:30, that leaves the studio pretty much sitting there until & after those hours. It's hard to make rent on only 5 hours a day of work.

Summer and vacation times, the studio might be virtually empty. It's hard to maintain classes when people are constantly on vacation, kids are too busy playing or competeing in other sports, or they just don't feel like driving to class twice a week.

If you could figure out a way to have the studio be active and productive during the day or could find a place to share space, then you decrease the amount of downtime.

Answer 3

I'm sure it would be profitable if you have good teachers and charge fair and reasonable prices. You might also want to consider opening uyour studio up for Friday night and/or Saturday night dances - like a ballroom. When people come to dance and have fun they will generally want to take lessons from one or more of your instructors. Make it a fun atmosphere and don't try to put the sales tactic on everyone. People hate to be pressured. If they want to take lessons, they'll take 'em. A lot of people get together with their friends though and take group classes. Good luck!

Answer 4

It definitely depends upon the location. Studios in NYC or LA are probably much more popular and can offer a variety of classes and teachers. Suburban studios may be harder to get students and need a very structured program.

Answer 5

very successful but of course it would help if you had dance experiance this way if you want to make more money you could actually teach children. sometimes just owning a dance studio isn't enough. it makes very good money but my dance teacher had 2 dance schools and a dance competition called dancers-inc.

Answer 6

Lessons are so expensive a lot of people are buying dvds and videos which can be found everywhere thanks to the internet.
If you kept lessons at an affordable price you'd probably have more business than ones with costly lessons therefore have steady income and profit.
A lot of dance studios fail..people are afraid to even walk in because of famed prices....you'd need to run newspaper ads and post flyers.

Answer 7

Back in the day, Arthur Murray studios were 'the' place to go to learn ballroom, etc. Today? Haven't got a clue --- do you dance?

Answer 8

Well from my research i found that choreographers on an averege get these wages
In NY the average wage for this occupation was:

$30,866 for entry level workers, and $90,760 for experienced workers.

Answer 9

not very to be succsess full you have to do alot of recerch would people use it? your rent and cost of running the place and how many employees you want to have and how much you would pay them. you need to do alot of reserch before you even think about oppening a buisness

Answer 10

It depends who you accept, and what you charge, but one's for kid's are really good!