Michael Weitzman
Grand Rapids, MI (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)
Sexy Baile Underground
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Startup
Location:
Grand Rapids
Industry:
Entertainment
Year Founded:
2008
Number Employees:
1-10 people
Description:
SBundergound is a franchise concept in pilot in Grand Rapids, MI. The studio delivers a different kind of latin dance infusion which makes Salsa, Merengue, Bachata, and Hip Hop sexy, fun, and fabulous. Although a small business in pilot, standard operating procedures, curriculum, and operating standards are established, the business model is based on monthly recurring income from membership rather than based on a per class or per session payment system.
Average session cost is $99 per student per month with a monthly break even of 24 existing members.
We are looking for working capital funding of $100,000 loaned to secure franchise licensing, rent, instructor and manager salaries, supplies,continuing training and marketing opportunities for the first year while we develop the business.