Fred Astaire Dance Studios
Fred Astaire Dance Studios
10 Bliss Rd.
Longmeadow, MA 01106
800#: (800) 278-2473
Tel: (413) 567-3200
Fax: (413) 565-2455
E-Mail: [email protected]
Web Site: www.fredastaire.com
Contact: Mr. Andy Kreig, Franchise Manager
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
Established: 1947
First Franchise: 1950
Franchise Units: 100
Company-Owned Units: 0
Total Units: 100
Distribution:
U.S. -- 94;
Canada -- 6;
International -- 0
-North America -- Operations in 28 States, 1 Province
-States/Provinces with Greatest Density: 16 in FL, 13 in NY, 12 in OH
Projected New Units Over Next 12 months: 8-10
Franchisee Qualifications: 5, 4, 3, 2, 2, 5
(Click here for an explanation)
Registered in Following Registration States: CA,FL,MD,MN,NY,OR,RI,VA,WI (Click here for an explanation)
Average Number of Employees: 10 FT (FT = Full Time, PT = Part Time)
Space Needs: 2,500 Min. SF; FS, SC
(Click here for abbreviations)
Encourage Conversion: Yes
Financial Requirements
Cash Investment: $125K
Total Investment: $138.5-357K
Average Total Investment: $247.8K
Minimum Net Worth: $150K
Fees:
-Franchise: $15-35K
-Average Franchise Fee: $25.0K
-Royalty: 7-8%
-Average Royalty: 7.5%
-Advertising: 0.2%/$25Min
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 5/5
Passive Ownership: Discouraged
Area Development Agreements: No
Sub-Franchising Contracts: Yes
Expand In Territory: Yes
Franchisor Support and Training Provided
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Financial Assistance: Yes(I)
Cooperative Advertising: Yes
International Franchise Association:
Canadian Franchise Association:
Franchisee Association / Member: No
Size Of Corporate Staff: 9
On-Going Support: A,b,c,d,E,f,G,h,I (Click here for an explanation)
Training: 8 Hours Dance or Management (Franchisee's Site) or 16 Hours Management (Existing Site).
Franchisor's Specific Expansion Plans
U.S.: All United States
Canada: All Canada
Overseas: Under Trade Name Megadance International
Note: NR = No Response by Franchisor.
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