The green light for any business initiative that one wants to undertake, including the opening of a Padel Club, is to prepare a good economic and financial business plan.
Not even the Health Emergency, which has been going on for over a year now, seems to have slowed down the monstrous growth trend of Padel Structures in Italy.
As certified by the numbers of Find Padel Courts, in the last year alone, both the number of Padel Clubs and the number of Padel Courts (had a growth close to +100%).
Many entrepreneurs have in the pipeline future openings, many fans are making more than a thought.
The goal of reaching, in the medium-long term, the 13,000 Spanish courts is not so far-fetched.
But what can give the “green light” to our embryonic idea of opening?
Undoubtedly, together with a detailed analysis of the scenario in which we want to open, the Economic Business Plan of the Project will give us a faithful snapshot of what awaits us and will allow us to evaluate the goodness of the project, the ideal size, the plan and the timing of economic return.
The prerequisite is to have a thorough knowledge of the subject or to rely on someone who does.
Considering the size of the investments to be made, making superficial estimates of inputs and outputs, omitting cost items and sources of revenue, underestimating the change of scenario in 3-5 years is too high a risk to run!
According to the experience accumulated in consulting and management of different realities, we at Padel Travel Consulting and Mr Padel Paddle, consider it strategic to analyze 4 economic and financial aspects/phases before starting a Padel Center:
Start-up / start-up phase:
Encompasses all the investments that will be made from the embryonic idea to the ribbon cutting. It includes more than 100 cost items divided into different macro areas, from the establishment of one or more companies to the structural costs of the plant, from the fields to the building works, from the brand to the IT solutions up to the selection and training of the various figures involved in the management.
Current year costs
It encompasses all monthly expenditures within our current fiscal year (January 1 – December 31) and includes over 50 items ranging from rent or mortgage payments to utilities, from staff payroll to reservation management costs,
from the purchase of complementary products to event-related costs.
Sources of revenue for the current year
Contains the more than 30 different sources of revenue and the relative estimates in terms of economic value that a well-managed Club can generate. From memberships to Academies, from Sponsorships to a thousand complementary and non-complementary products and services, from Bar Revenues to events.
5-Year Amortization Plan
Analyze estimates of initial investment, operating costs and revenue sources. It spreads the invested capital over 5 years, shows the pre-tax profit of each year but above all gives a clear picture of the goodness of the project.
It tells us how long it will take to return the sums invested and when and how much we will earn afterwards, with a projection also linked to the 3-5 year growth of the Padel Movement in the territory considered.
territory taken into consideration.
If the analysis “turns on” the green light … let’s go Padel !!!
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in collaboration with Alessandro Di Stefano (Padel Travel Consulting)