Frequently Asked Questions
While we do not provide any direct or indirect financing, we work with third-party companies who can help with SBA financing through various lenders. Fred Astaire Dance Studios®️ cannot guarantee your obligations, including your note or lease.
The franchise fee is $30,000-$45,000 for the first location. It is discounted if you go into a development agreement for additional locations if the option for multiple locations is exercised at the time of the initial investment.
Fred Astaire Dance Studios®️ has a royalty of 7% charged on the weekly gross revenue, excluding sales tax.
Dance industry experience is not necessary. Fred Astaire Dance Studios®️ wants our franchise owners to be energetic, financially stable team players with a desire to own their own business and a willingness to dedicate themselves. Qualified candidates should have profit and loss experience, strong customer service skills, and the ability to demonstrate our core values of being loyal, authentic, passionate, and diligent.
The franchise agreement is a 10-year agreement, with the option for a 10-year renewal.
The Studio Franchise Owner, with help and assistance from Fred Astaire Dance Studios®️, designs the Studio based on the size of the location. It is then built to spec with certain design standards particular to Fred Astaire Dance Studios. We provide our franchise owners project management software to assist in an efficient build and opening.
Fred Astaire Dance Studios®️ supports our new franchise partners with an initial training program. The intensive training, taught both in a classroom setting and in the studio location, covers all aspects of running a successful Fred Astaire Dance Studios franchise®️. This includes, but is not limited to; corporate culture, product and service knowledge, member communication, customer service, studio operations, billing, cash management, opening and closing procedures, advertising, and promotions. Fred Astaire Dance Studios®️ continues to provide comprehensive support for the life of the franchise.
This timeline can vary depending on the site and when the site is available to begin construction. On average, the Studio Franchise Owner can expect to open nine to twelve months after signing the franchise agreements.
Yes. We have many multi-unit franchise owners within our system. We believe that having these Owners, who operate more than one location, demonstrates our strength and excellence as a franchise. Because of this, Fred Astaire Dance Studios®️ encourages and incentivizes our franchise partners to purchase additional Studio locations via our multi-unit program.
Profitability varies greatly depending on a number of factors including number of clients, location, capacity, operating costs, and the ability of the Franchise Owner to manage and control the business. Fred Astaire Dance Studios does not make any financial representation other than what is disclosed in the Franchise Disclosure Document.
Yes. A Territory is a certain geographic area surrounding the Studio location and is determined by Fred Astaire Dance Studios®️ prior to finalization of the franchise agreement. It is our sole discretion and is dependent on population density, demographics, market trend and traffic flows. It is described in your Franchise Agreement.
Currently, typical Studio operating hours are:• Monday – Friday: 10am – 9pm• Saturday: by appointment• Sunday: by appointment
Fred Astaire Dance Studios®️ provides proprietary management and scheduling software with 24/7 customer support.
Fred Astaire Dance Studios grants qualified applicants the opportunity to open Studio Locations and develop territories. Submit the request for information form online and we will contact you with details. If you have immediate questions, you can call us at 413-567-3200.