Please quote reference B06378
Hilton Smythe is delighted to welcome to the market Razzamataz Durham. An extremely highly rated and popular Theatre School located in the heart of Durham.
The franchise was created over 21 years ago with our client embarking on the opportunity in 2014. Only now does the business come to market as our client is looking to move onto another venture. Razzamataz offers classes for children ages 2 – 18, each class has between 16 and 25 placements.
The sale of the business includes -
- Client base of previous and current pupils
- Handover period
- Ample props including disco lights, microphones, speakers, crafts, costumes, etc.
The custom comes from the company website, franchise, word of mouth and repeat trade with many of the pupils returning each season.
The franchise achieved national recognition in 2007, after appearing on Dragons Den.
The business is run by our client, with the help from 6 part time staff members. Working hours are flexible and our client completes business admin in their chosen time. Some of these tasks can be outsourced. Our client chooses to be present front of house during classes, however, this is optional.
Excellent reviews - we have 100% 5 star reviews
Reasons to purchase
- Well established, with excellent reviews
- Hand over period offered
- A theatrical background is not required as head office provide full training
- Future bookings in place for 2022
Our client advises the perfect handover time would be January after the rush of Christmas. However, this could be done before.Location
The client carries out business admin from their home office and classes are delivered through rented space at The Sjovoll Centre.
Relocatable opportunity - The business has the opportunity to relocate within franchise territory.Premises
Our client currently rents space at The Sjøvoll Centre, which is charged at a daily rate and invoiced monthly.Tenure
We are advised that the business is being sold on both a Leasehold or Business Only basis.Hours
'The business receives enquiries 24/7, through their online platforms.Staff
We are advised that the business is owner run and managed, with the help of 6 part-time members of staff.Financial Profile
We are advised as per the 2020 accounts, the business generated a turnover in the region of £95,000, with an adjusted net profit in the region of £45,000. Full financials can be made available upon further request.Please quote reference B06378