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Business for sale in United Kingdom - Co123-outstanding championship standard indoor tennis centre

| Asking Price: | 3,500,000 £ | |
Real Estate: | Ownership |
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| Sales Revenue: | 50,000 £ | ||||||||||
| Net Profit: | 1 £ | ||||||||||
| Year Established: | 1982 | ||||||||||
| Employees: | Not Disclosed | ||||||||||
| # of family members employed: | Not Disclosed | ||||||||||
| Location criteria: |
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Business types:
Arts, entertainment & Recreation
Business categories:
Other Arts, Entertainment & Amusement Businesses
Business description

Established over twenty seven years ago and as one of the first to offer indoor playing facilities, this is one of the few independently owned indoor tennis centres in the south east. situated in almost four acres of prime surrey countryside this indoor tennis centre is ideally located within just a few minutes drive of the m25 and a number of major commuter towns. The centre is open all year round and as well as providing professional coaching to players of all standards from beginners to world class - is currently flat fee membership based with non members also allowed on a purely pay and play basis. The centre boasts two superb indoor heated tennis courts and three outdoor tennis courts. The site is self-contained with ample parking facilities. designed and built by the current owner, a very well known and respected tennis coach, the playing facilities offered at this tennis centre are absolutely superb and have played host to a number of lta men s tournaments in the past. The indoor complex is built of brick and steel to championship standards. It is insulated with quilt for all season play warm in winter and cool during the summer. The roof of the building has been designed to enable daytime play in natural light. For evenings and night-time, powerful osram 680 harrier artificial lights ensure perfect vision for all players. The indoor surface is of supreme carpet soft on the feet and with a true bounce, generating a medium to fast playing surface. And following a game, players can retire to a very relaxing coffee bar area overlooking the indoor courts. Offering comfortable seating, music, wide-screen television and table tennis the lounge area creates that perfect relaxed social atmosphere. Not surprisingly this venue is extremely popular with a regular playing contingent which numbers in excess of a hundred per week during the peak winter season. other facilities available to players include a pro-shop stocking a large range of new and second hand tennis rackets as well as a wide range of other tennis equipment including tennis balls, bags and grips. Racket stringing with a twenty-four hour turnaround is also available. also situated on this freehold site, and included in the asking price is an extensive four bedroom, two-bathroom bungalow that currently doubles up as the owner s living accommodation and office facility. aside of the expansion of the tennis centre itself this site could easily lend itself to alternative development. Planning permission is not thought to be a problem should a purchaser consider residential or commercial development. with its excellent facilities, this is a rare opportunity to acquire an established indoor tennis centre with significant growth and expansion opportunities within the sports sector, located on a prime site in the heart of the surrey countryside that, in itself, has significant growth and development potential. key strengths: established for over twenty-seven years, designed, built and run by a well-respected professional tennis coach this top quality playing facility is well known and attracts a significant regular clientele. Players are drawn from across the southern counties surrey and as far afield as the sussex coast. Block bookings are often made from october right through to march and april. ideally located within nearly four acres of prime land within a few miles of the m25 and major commuter towns, planning permission for residential or commercial development is not considered to be a problem should a buyer consider alternative use. key opportunities: there is ample scope for expansion of the current facility. Tentative plans have been developed in the past to extend the facilities to create an additional one or two indoor tennis courts. Similarly space exists within the site to widen the overall sports offering to include five a side football, or other sports coaching such as golf. There is no doubt that the location, close to the m25 and within easy reach of several major towns would readily lend itself to the development of a health and fitness club either by converting the existing tennis facilities or with additional building. coaching, which is currently only really available from the current owner of the business on a one to one basis could be extended to include group coaching sessions with the possibilities of involving local schools. Group training sessions that are currently only offered to ladies on a friday evening could also be extended throughout the week with sessions also offered for men. moves to promote membership away from pay per play could also be considered as well as re-establishing the venue with the lta for tournament use. the refreshment facilities could also be upgraded. The bar licence has recently lapsed but could be re-applied for and currently food is only available on request. The re-introduction of alcoholic drinks and sports based non-alcoholic drinks together with a full food menu would have a significant impact on turnover and profitability. with the possibilities of development, the site also offers significant potential. It is close to a large business park that has expressed interest in the past in extending into the site currently occupied by the tennis centre. Alternatively, situated on the edge of a very attractive village, it is thought planning permission could be made available to convert the site to residential or commercial development upmarket homes, office accommodation, light industrial units, a supermarket, a self-storage facility or a school.
Additional information

| Additional information: | Not Disclosed |
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| Support & training: | The current owner will provide all necessary training and all relevant contacts to allow continuity of trading. |
| Reasons for selling: | This is a genuine retirement sale. |
| Financing available: | Not Disclosed |
| Inventory / Stock value: | Not Disclosed |
Real Estate

| Ownership: | yes |
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| Will owner sell real estate?: | yes |
| Included in asking price?: | yes |
| Value: | 3 £ |
| Location: | Not Disclosed |
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