Larger space accommodates growing dance studio in thriving market

Sep 23, 2019 | No Responses

By Laurie Schreiber

The purchase of a Biddeford building will allow a long-running dance studio to expand the number of students and type of classes it offers in a thriving market.

Amanda and Nathan Braley purchased 567 Elm St. in  Biddeford from Leonard J. Mendez for $255,000. Suzanne McKechnie of Investcomm Commercial Group brokered the deal, which closed May 29. 

The Braleys will run their business, Academy of Dance, at the location. Academy of Dance was founded 15 years ago; the Braleys purchased the business last year.

The 3,700-square-foot professional building contains a separate 500-square-foot office unit with bathroom and storage, according to the listing.

Locate on U.S. Route 1, it’s highly visible in a high-traffic area that connects Arundel and Kennebunk to Biddeford, and it’s a two-minute drive to the Maine Turnpike. 

Focused on management

Nathan Braley is an engineer with Praxair Surface Technologies, headquartered in the United Kingdom with a location in Biddeford. Amanda Braley previously ran a home day care center. 

The couple became familiar with Academy of Dance through their three daughters, who have taken classes there for the past seven years. The Braleys were involved throughout that time in support activities, such as making props, donating time to set up and break down events, and volunteering on numerous occasions.

When the previous owner decided to sell the business, the Braleys stepped up to buy it. Amanda Braley had handled fundraising for the studio for several years, managed the business for a year before purchasing it, and enjoyed its community aspect.

“I loved it and I knew this was something I liked,” Amanda Braley said. “My youngest was getting ready to go to kindergarten this year, and I didn’t want to be sitting home while all of our daughters were in school. This was my next step.”

The studio has four contracted dance teachers in place, allowing the Braleys to focus on management. Parents of dance students also regularly help out, handling things like lights and audio at performances, and other volunteer activities. The studio includes not only classes but competitions and community events like participating in parades. 

“We pretty much knew what we were getting into,” she added.

he purchase of a Biddeford building will allow a long-running dance studio to expand the number of students and type of classes it offers in a thriving market.

Amanda and Nathan Braley purchased 567 Elm St. in  Biddeford from Leonard J. Mendez for $255,000. Suzanne McKechnie of Investcomm Commercial Group brokered the deal, which closed May 29. 

The Braleys will run their business, Academy of Dance, at the location. Academy of Dance was founded 15 years ago; the Braleys purchased the business last year.

The 3,700-square-foot professional building contains a separate 500-square-foot office unit with bathroom and storage, according to the listing.

Locate on U.S. Route 1, it’s highly visible in a high-traffic area that connects Arundel and Kennebunk to Biddeford, and it’s a two-minute drive to the Maine Turnpike. 

Focused on management

Nathan Braley is an engineer with Praxair Surface Technologies, headquartered in the United Kingdom with a location in Biddeford. Amanda Braley previously ran a home day care center. 

The couple became familiar with Academy of Dance through their three daughters, who have taken classes there for the past seven years. The Braleys were involved throughout that time in support activities, such as making props, donating time to set up and break down events, and volunteering on numerous occasions.

When the previous owner decided to sell the business, the Braleys stepped up to buy it. Amanda Braley had handled fundraising for the studio for several years, managed the business for a year before purchasing it, and enjoyed its community aspect.

“I loved it and I knew this was something I liked,” Amanda Braley said. “My youngest was getting ready to go to kindergarten this year, and I didn’t want to be sitting home while all of our daughters were in school. This was my next step.”

The studio has four contracted dance teachers in place, allowing the Braleys to focus on management. Parents of dance students also regularly help out, handling things like lights and audio at performances, and other volunteer activities. The studio includes not only classes but competitions and community events like participating in parades. 

“We pretty much knew what we were getting into,” she added.

Author: John Anderson

John Anderson, President of the firm, is a licensed real estate broker, Realtor, 2014 Maine Commercial Association of REALTORS, REALTOR of the Year, past president of the Maine Commercial Association of Realtors and board member of the Maine Association of Realtors. Mr. Anderson has an extensive background in marketing and business development and is a candidate for the prestigious Certified Commercial Investment Member (CCIM) commercial real estate designation. Mr. Anderson has participated in a large variety of commercial and investment real estate sales and leasing transactions throughout southern Maine. He has served as treasurer of the Maine Commercial Association of Realtors, is past president of the Kennebunk-Kennebunkport Chamber of Commerce, past president of the Kennebunk Portside Rotary Club and served as chairman of the Kennebunk Downtown Revitalization Committee and served on the Kennebunk Downtown Committee.

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