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Dance Studios and Schools

SIC 7911 | NAICS 611610


The following guide to industry information, research, and analysis provides sources for industry trends and statistics, market research and analysis, financial ratios and salary surveys, and more.



For guides to other industries, see our index of over 400 industries.





Industry Analysis, Trends, Statistics, and Forecasts


Dance Studios  (view report)
Fine Arts Schools  (view report)

Comprehensive market research reports provide in-depth industry analysis and five-year forecasts, with special focus on the underlying structure and external forces and relationships that affect industries and their performance. Report contents include:

  • Market size and characteristics
  • Key statistics and ratios
  • Current performance
  • Competitive landscape
  • Major firms and market share
  • Key risk and success factors
  • Five-year growth forecast


DanceMedia, LLC
Dance Teacher Magazine
http://www.danceteacher.com/

Monthly trade publication features news and information for studio owners, managers, and teachers, with a primary focus on practical advice on how to operate a successful program or studio and with topics covered including best practices, expert advice, tools, and resources. Selected articles from current and prior issues, listings, and supplements focused on specific topics are available online.



Performing Arts Companies
http://www.firstresearch.com

First Research profiles cover key aspects of an industry's size, scope, and operations and include a five-year growth forecast. Profile contents include:

  • Industry overview
  • Recent developments
  • Critical issues and challenges
  • Business trends and opportunities
  • Executive insights
  • Financial benchmarking data
  • Five-year growth forecast


Rhee Gold Company
Dance Studio Life Magazine
http://www.dancestudiolife.com/

Monthly magazine provides news and information for studio owners, managers, and instructors, with topics covered in the May/June "Business Bonanza" issue including creating and maintaining a good online reputation, technology tools and resources for the classroom, and wholesale, retail, and online options for dancewear sales. Selected articles from current and archived issues are available online.


W.D.Eng, Inc.
The Professional Guide to Profitable Dance Instruction
http://dancevision.com/

Comprehensive reference guide covers the various aspects of successfully operating a studio, with topics covered in the guide including studio models, staffing and employees, special considerations for professional instructors, marketing guidelines, private lesson programs, group lesson programs, and studio policies, supplies, and essentials. Detailed table of contents can be viewed free online.


Revolution, Inc.
DanceStudioOwner.com
http://www.dancestudioowner.com/

Resource site for studio owners features information on starting, owning, and growing a successful business, with topics covered on the site including studio management, faculty and staff, marketing, customer service, artistic direction, competitions, costumes, dancewear, and other profit sources. Selected sample articles are available free online, with 30-day free trial available with registration.


NDEO
Dance Education in Practice
http://www.ndeo.org/

Quarterly journal features articles focused on practical approaches to education and teaching for studio teachers and instructors and educational professionals, with topics covered in the journal
in a "how-to" format including teaching and learning models, innovations in teaching techniques, technological applications to teaching, addressing student needs, and assessment strategies.


More Resources ››



Financial Statements and Financial Ratios



Industry Financial Ratios
Dance Schools and Instruction
https://www.bizminer.com  Search for "611610"

Five-year financial statement analysis includes income statements, balance sheets, and key financial ratios, with data available by sales size range on a national, state, and metro area level.

  • Income and expense detail in dollars and percentages
  • Balance sheets in dollars and percentages
  • Cash flow analysis
  • Liquidity and working capital ratios
  • Profitability and return on investment ratios
  • Asset turnover and efficiency ratios
  • Capital structure and debt service ratios


IBISWorld
Dance Studios
(see links for individual reports)

Financial information section provides an analysis of industry income and expenses as a percentage of revenue for firms that offer group instructional classes, private lessons, and personalized training programs in ballroom dancing, ballet, tap, and other forms of traditional or contemporary dance and may also sell products such as dancewear, shoes, food, beverages, and other related merchandise.


RMA Annual Statement Studies
Fine Arts Schools
https://www.rmahq.org/  Search for "611610"

Annual financial statement analysis provides common-size income statements, balance sheets, and financial ratios by company size based on sales and total assets for non-academic enterprises that offer instruction in art, music, dance, and drama (e.g., art schools, piano and guitar instruction, voice lessons, ballet schools, ballroom dancing lessons, performing arts schools, and acting classes.)


National Association of Schools of Dance
HEADS Data Survey
https://nasd.arts-accredit.org/

Annual HEADS (Higher Education Arts Data Services) survey provides detailed statistical information on degree-granting programs in higher education, with financial information provided including specific income sources for the program unit, expenses of the program unit, total expenditures per semester and quarter credit hour, and average instructional salary and total expenditures per majoring student.


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Compensation and Salary Surveys


PayScale
Dance Instruction
https://www.payscale.com/

Free online service provides median salary, bonus, and hourly wage rate data for job positions in this education service sector such as studio owner, executive director, marketing director, choreographer, instructor, teacher, office manager, and receptionist, with employers for which wage data is provided including franchise studios of Arthur Murray International, Inc. and Fred Astaire Dance Studios, Inc.


National Association of Schools of Dance
HEADS Data Survey
https://nasd.arts-accredit.org/

Annual HEADS (Higher Education Arts Data Services) survey provides detailed statistical information
on degree-granting programs in higher education, with compensation information provided including executive salaries based on months in contract year, full-time faculty salaries by gender, instructional salaries per semester and quarter credit hour, and average instructional salary per majoring student.


More Resources ››



Business Valuation Resources


Small Business Valuation Multiples

Dance Studios
http://valuationresources.com/

Comprehensive reference guide provides market-based business valuation multiples for companies which offer group classes, private lessons, and personalized training programs in ballroom dancing, ballet, tap, and other forms of dance and may also sell dancewear, shoes, and other merchandise.








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