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PROFILE |
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Description: |
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An entrepreneur is seeking an investor for the development of padel courts in the Cape Town / Helderberg area. He has an agreement with a tennis club (which has all amenities) to convert two tennis courts to four padel courts |
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Industry / Sector: |
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Entertainment - Recreation |
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LOCATION |
| State / Province: |
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Western Cape RSA |
| City / Town: |
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Somerset West/Helderberg |
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Location / Area: |
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Somerset West/Helderberg |
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Metro Proximity: |
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Cape Town. It should be possible to commute from this metro city to the business location. |
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Portability: |
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Zero Portability - This business can only operate from the area specified. There is no potential whatever for it to be relocated elsewhere.
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PRICE |
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Asking Price: |
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R 4 200 000
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| Conditions: |
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Can be arranged |
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FINANCIAL & OPERATING INFORMATION |
| Turnover: |
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R 288 000 per month
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| Profit: |
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R 198 000 per month
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| Annual Return: |
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57
% per annum
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| No. of Staff: |
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1 |
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Year Established: |
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2026 |
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Legal Persona: |
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- unknown or withheld - |
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Other Information: |
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GROWTH and OPPORTUNITY
Padel has evolved from a niche sport to one of the fastest growing racket sports worldwide with record growths of 181% per annum!! This growth has created a unique window of opportunity for entrepreneurs.
PREMISES
A very favourable rental has been secured with the club at R180,000 per annum for 5 years.
FINANCIAL INFORMATION
The financial data offered is, due to the nature of a grass roots project, based on projections and expectations and not on historical trading.
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