Investor required for the development of padel courts

Description

Business type: padel facility startup opportunity

Location: Cape Town / Helderberg area

Current status: investment and development opportunity

Development plan

Existing tennis courts allocated: 2

Planned padel courts: 4

Host venue: established tennis club

Tennis club operating history: more than 100 years

Existing infrastructure

• Parking
• Clubhouse
• Existing membership base
• Supporting club facilities

Revenue options

• Court rentals
• Memberships
• Tournaments
• Events
• Sponsorships
• Padel equipment sales

Lease

Annual rental: R180,000

Initial lease period: 5 years

Extension option: additional 5 years

Rental agreement: secured with the tennis club

Investment

Investor participation: sought

Investment purpose: development of the padel facilities

Market

Padel participation: growing internationally

European market: expanding

United States market: expanding

Middle East market: expanding