The company's founder, Arthur Murray, began teaching dance in 1912 and formed the company as it known today in 1946. Arthur Murray began officially franchising in 1939, making it one of the oldest franchise companies in the world. The first franchised dance studio was opened in Minneapolis, Minnesota.
They teach ballroom dancing including waltz, tango, rumba, cha cha, country, disco, salsa, swing, twist, fox trot, Tango, Argentine, Country Western, 2-step, and the hustle.
Arthur Murray International Inc, together with it franchisees is the largest and most prominent dance organization in the world. There are approximately 190 studios throughout the world today located in Australia, Brazil, Canada, Egypt, England, Jordan, Israel, Italy, Japan, Lebanon, South Africa and the United States.
Franchising Tips and Facts
Can you own another franchise at the same time? Most likely, you will be restricted from purchasing a franchise from franchisor that would be a direct competitor to an Arthur Murray Dance Studio franchise. However, you may be allowed to purchase a franchise of another type.
Franchising is a way of doing business. It is a method and marketing tool for companies to expand their market share more rapidly and less expensively. Some companies, which are thought to be franchises, are in fact not franchises. All stores are owned and operated by the company itself Some examples of businesses that are not franchises are: Starbucks, Gap, Victoria's Secret.
According to the Small Business Administration, less than 5% of all franchise units fail each year. This is compared to 30 to 35 percent of small businesses which fail within the first year of operation. However, owning an Arthur Murray Dance Studio franchise is not a guaranteed recipe for success. You will still have to comit yourself, your time, and perhaps even make some personal sacrifices in order to succeed.
Although the success rate for franchise-owned business is generally better than the success rate for many independent businesses, there is no franchise formula to guarantee victory. The same may also be said of the profits generated. Often the margins you make are a reflection of your ability to properly run your franchise, however you may be able to get a document from the franchisor that illustrates the typical franchise earnings. If the franchisor does not provide such a document, you should contact a number of franchisees in the market you are interested in and seek their advice on the business' profitability.
How much does an Arthur Murray Dance Studio Franchise cost? Generally the costs associated with buying a franchise can vary considerable, depending on some of the following factors. Some costs that can affect the bottom line are, real estate, inventory, training, marketing, franchise fees, and development costs. The Arthur Murray Dance Studio UFOC should outline these costs, and give you detailed information on how much it will cost you.
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considered as an "offering," suggestion or approval by
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