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Home >> Education-Related >> Dance/Fitness Schools
| Fred Astaire Dance Studios 10 Bliss Rd. Longmeadow, MA 01106 |
Submit an online form to receive information from Fred Astaire Dance Studios.
|
Business Description
FRED ASTAIRE DANCE STUDIOS (FADS) provides its franchised community with a 50+ year tradition that gives the individual franchisee worldwide name recognition identified with dance excellence unsurpassed in its industry. The original teaching methods of the great Fred Astaire are still in place today at the company that proudly bears his name. FADS provides its franchisees with extensive business and dance training, and ensures that its franchises operate under the strictest code of ethics.
Franchisor Background
Year Established: 1947
Franchising Since: 1950
North America:
States/Provinces with the largest number of operating units:
Registered in Following Registration States: California, Florida, Maryland, Minnesota, New York, Oregon, Rhode Island, Virginia, Wisconsin
Financial Requirements
Average Number of Employees: 10 Full-time, 0 Part-time
Space Needs (in square footage): 2,500 Min.
Preferred Sites: Free-standing Building, Strip Center
Other Sites:
Encourage Conversions? Yes
Earnings Claims Provided?: No
FRED ASTAIRE DANCE STUDIOS (FADS) provides its franchised community with a 50+ year tradition that gives the individual franchisee worldwide name recognition identified with dance excellence unsurpassed in its industry. The original teaching methods of the great Fred Astaire are still in place today at the company that proudly bears his name. FADS provides its franchisees with extensive business and dance training, and ensures that its franchises operate under the strictest code of ethics.
Franchisor Background
Year Established: 1947
Franchising Since: 1950
| Operating Units: | |||||||||||||||||||||||||||||||
Franchised Units: | 100 | 100% | | ||||||||||||||||||||||||||||
| Company-Owned Units: | 0 | 0% | |||||||||||||||||||||||||||||
Total Operating Units: | 100 | 100.0% | |||||||||||||||||||||||||||||
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States/Provinces with the largest number of operating units:
| Density | Units |
| 1. Florida | 16 |
| 2. New York | 13 |
| 3. Ohio | 12 |
Registered in Following Registration States: California, Florida, Maryland, Minnesota, New York, Oregon, Rhode Island, Virginia, Wisconsin
Financial Requirements
| Investment: | |
| Minimum Net Worth: | $150K |
| Cash Investment: | $125K |
| Total Investment: | $138.5-357K |
| Average Total Investment: | $248K |
| Fees: | |
| Initial Franchise Fee: | $15-35K |
| Average Franchise Fee: | $25K |
| On-Going Royalty: | 7-8% |
| Average Royalty: | 8% |
| Advertising Fee: | 0.2%/$25Min |
Space Needs (in square footage): 2,500 Min.
Preferred Sites: Free-standing Building, Strip Center
Other Sites:
Encourage Conversions? Yes
Earnings Claims Provided?: No
| Franchisee Qualifications | |||||||||
Ranked from 1 (unimportant) to 5 (important): | |||||||||
| Financial Net Worth: | 5 | ||||||||
| General Business Experience: | 4 | ||||||||
| Specific Industry Experience: | 3 | ||||||||
| Formal Education: | 2 | ||||||||
| Psychological Profile: | 2 | ||||||||
| Personal Interview(s): | 5 | ||||||||
| Terms of Contract | |||||||||
| Term of Initial Contract: | 5 Year(s) | ||||||||
| Term of Renewal Period: | 5 Year(s) | ||||||||
| Passive Ownership: | Allowed, But Discouraged | ||||||||
| Area Development Agreements? | No | ||||||||
| Sub-Franchising Contracts? | Yes | ||||||||
| Franchisees Allowed to Expand Within Territory? | Yes | ||||||||
| Support and Training | |||||||||
| International Franchise Association: | No | ||||||||
| Canadian Franchise Association: | No | ||||||||
| Franchisee Association/Member: | No | ||||||||
| Size of Corporate Staff: | 9 | ||||||||
| Site Selection Assistance? | Yes | ||||||||
| Lease Negotiation Assistance? | Yes | ||||||||
| Financial Assistance? | Yes, Direct | ||||||||
| Marketing Support: | |||||||||
| Co-Op Advertising: | No | ||||||||
| National Advertising: | No | ||||||||
| Regional Advertising: | No | ||||||||
| Local Advertising: | No | ||||||||
| Marketing Materials: | None Specified | ||||||||
| Additional Services: | None Specified | ||||||||
| Other Marketing Support: | None Specified | ||||||||
| On-Going Support: | |||||||||
| Central Data Processing: | Included in Fees | ||||||||
| Central Purchasing: | At Additional Cost | ||||||||
| Field Operation Evaluation: | At Additional Cost | ||||||||
| Field Training: | At Additional Cost | ||||||||
| Initial Store Opening: | Included in Fees | ||||||||
| Inventory Control: | At Additional Cost | ||||||||
| Franchisee Newsletter: | Included in Fees | ||||||||
| Regional or National Meetings: | At Additional Cost | ||||||||
| 800 Telephone Hotline: | Included in Fees | ||||||||
| Training: | |||||||||
| 1. Dance or Management (Franchisee's Site) | 8 Hours | ||||||||
| 2. Management (Existing Site) | 16 Hours | ||||||||
| Expansion Plans | |||||||||
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Submit an online form to receive information from Fred Astaire Dance Studios.
|
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