Dance Studio Seeking Loan in Singapore
One of the top dance schools in Asia with 90% of students under 18 years.
Premium Plan
| Established | 10-20 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 600 - 700 thousand |
| Run Rate Sales | USD 680 thousand |
| EBITDA Margin | Operating at loss |
| Industries | Dance Studios |
| Locations | Singapore |
| Local Time | 11:18 AM Asia / Singapore |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
113 thousand
for
6.0%
annual interest,
1
year
(Native Currency: SGD 150,000)
Reason: Funds required for business expansion which is 2-fold.
1) We plan to be the 1st to introduce a new ...
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Collateral Available: USD 0
Includes physical assets worth
USD
3.8 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
ACRA Extract
(155.9 KB)
Business Overview
1. Current portfolio.
1.1 We have 135+ dancers attending 400+ classes; - average number of classes attended per dancer = 3 or more. This is a HIGH average number of classes per dancer because our dancers have the opportunity to do multiple genres with us.
1.2 Pre-covid annual revenue was almost SGD1mil with only 130+ dancers which led to expansion plans with a bigger studio in central Singapore. However, we were severely impacted by covid as we committed to triple our rental expense JUST before covid-closures forced our revenue to drop to only 40% of our usual revenue for 9 months.
1.3 Opportunity to pivot.
Since then, we have slowly recovered, but the market has changed substantially. There are now many new ballet schools, & parents are much more willing to invest in training & opportunities to compete.
Which is why we need to innovate which leads to our 2-prong expansion plan;
A) To draw in pre-school dancers looking for more than just ballet.
B) To provide high-quality productions for performers to have an opportunity to perform (instead of just doing exams & competing)
Our annual concerts & public performances are reputed to be very high quality & professional. There is also a shortage of performance opportunities for dance-heavy performances in Singapore. We would like to direct our capabilities in this area to regularly produce high quality productions.
We tested this 2 years ago and our production was extremely successful. Plse refer to our reason for seeing a loan for more details.
1.4 Our current studios are 2000sq ft + 1100 sq ft.
- centrally located in Singapore - good location.
1.5 We have a proven track record of producing top dancers for their age group - 4 (of our original 20+ '1st generation' of dancers) are now pursuing full time careers as dancers.
2. Notable achievements.
2.1 Consistently > 90% Distinctions with our UK based Ballet exams, & > 95% with our Australian based Tap & Jazz exams.
2.2 Since 2013, every year, we win Champion dancer &/or studio for the 2 biggest competitions in Singapore.
2.3 Finalist in Asia's Got Talent season 1 (out of 12,000 acts which auditioned across 12 countries)
2.4 We are considered part of the AXN's Got Talent 'family' - we are always invited to participate in Asia's Got Talent franchise specials considered age- appropriate for our dancers.
2.5 Overseas performance trip to Disneyland / Hollywood Boulevard / Universal Studios in LA.
2.6 Regular public performances to showcase dancers.
3. Brand name.
3.1 Recognised as an industry leader / maverick for always daring to do something different / more to enhance our dancers' experience / journey.
3.2 Strong relationships with other dance schools in Australia & Esplanade due to our reputation.
1.1 We have 135+ dancers attending 400+ classes; - average number of classes attended per dancer = 3 or more. This is a HIGH average number of classes per dancer because our dancers have the opportunity to do multiple genres with us.
1.2 Pre-covid annual revenue was almost SGD1mil with only 130+ dancers which led to expansion plans with a bigger studio in central Singapore. However, we were severely impacted by covid as we committed to triple our rental expense JUST before covid-closures forced our revenue to drop to only 40% of our usual revenue for 9 months.
1.3 Opportunity to pivot.
Since then, we have slowly recovered, but the market has changed substantially. There are now many new ballet schools, & parents are much more willing to invest in training & opportunities to compete.
Which is why we need to innovate which leads to our 2-prong expansion plan;
A) To draw in pre-school dancers looking for more than just ballet.
B) To provide high-quality productions for performers to have an opportunity to perform (instead of just doing exams & competing)
Our annual concerts & public performances are reputed to be very high quality & professional. There is also a shortage of performance opportunities for dance-heavy performances in Singapore. We would like to direct our capabilities in this area to regularly produce high quality productions.
We tested this 2 years ago and our production was extremely successful. Plse refer to our reason for seeing a loan for more details.
1.4 Our current studios are 2000sq ft + 1100 sq ft.
- centrally located in Singapore - good location.
1.5 We have a proven track record of producing top dancers for their age group - 4 (of our original 20+ '1st generation' of dancers) are now pursuing full time careers as dancers.
2. Notable achievements.
2.1 Consistently > 90% Distinctions with our UK based Ballet exams, & > 95% with our Australian based Tap & Jazz exams.
2.2 Since 2013, every year, we win Champion dancer &/or studio for the 2 biggest competitions in Singapore.
2.3 Finalist in Asia's Got Talent season 1 (out of 12,000 acts which auditioned across 12 countries)
2.4 We are considered part of the AXN's Got Talent 'family' - we are always invited to participate in Asia's Got Talent franchise specials considered age- appropriate for our dancers.
2.5 Overseas performance trip to Disneyland / Hollywood Boulevard / Universal Studios in LA.
2.6 Regular public performances to showcase dancers.
3. Brand name.
3.1 Recognised as an industry leader / maverick for always daring to do something different / more to enhance our dancers' experience / journey.
3.2 Strong relationships with other dance schools in Australia & Esplanade due to our reputation.
Products & Services Overview
1. Steady stream of recurring revenue.1.1 We provide structured dance training in ballet, jazz, tap, lyrical, contemporary, acrobatics.
1.2 Types of classes provided.
A) Regular weekly technique classes working towards annual exams based on syllabuses from UK & Australia.
B) Regular weekly competition & performance based classes.
1.3 Our classes are weekly, & our dancers commit on a per term basis. Each term is 12 weeks.
1.4 Aside from regular annual exams, & competitions, we have the following annual events which generate recurring additional classes every year i. e.
A) Our annual concert every March.
B) Regular annual performances with The Esplanade, & the National Kidney Foundation.
1.5 Visiting choreographers.
To ensure we provide opportunities for our dancers to identify their own distinct styles, we invite guest choreographers to work with our dancers every year in Oct - Dec. With our strong reputation, many such choreographers are delighted to work with us.
1.6 We have an outstanding reputation for producing extremely high quality dancers & performances.
2. Consistent professional instructors.
Our teaching faculty is 80% full time instructors, supplemented by part-timers who work exclusively with us (while having external corporate jobs)
Our artistic directors, who have been with us from day 1, are professionals who have more than 30 years of experience. Prior to teaching, they performed with Joffrey Ballet Company (in New York) & the Sydney Dance Company.
3. 90% of our dancers are aged below 18yo.
4. Parents bring their children to us for strong focused dance training.
Assets Overview
Tangible assets:- Props used for performances.
Intangible assets:
- Studio pipeline - fees for 12 weeks.
- intellectual property of competition & performance dances currently performed by existing dancers.
- Existing followers on Instagram & Facebook.
- Brand name - our reputation & brand name is that of being one of the top dance schools in Asia.
Facilities Overview
Business operates from our current 4 studios conducted in leased spaces which are 2,000 sq ft + 1,100 sq ft.Centrally located in Singapore - good location.
Capitalization Overview
- Single owner.- Business is fully funded by founder/owner.
- Only debt in the books is that the business owes SGD 1.1 mil to the owner.
Recent Activity
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Earlier than 15 daysSenior Leader, Bank, Mumbai, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysAssociate Partner, Investment Firm, Singapore, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysMD, Transportation, Singapore, Individual Investor / Buyer connected with the Business
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