Pickleball and Tennis Court Construction Contractor - $1M Adj. EBITDA

Description

This Company is one of the leading tennis, pickleball and outdoor basketball court specialists, serving the Southeastern US for almost fifty years.   The four dedicated crews have a combined 44 years of expertise, including painting, fencing, resurfacing, lighting, and court accessories. The Company also leverages many other sub-contractors who have close relationships with them including asphalt pavers, electricians, sport court specialists, graders, etc.   They have constructed over 250 new tennis, pickleball or basketball courts in the past four years and have resurfaced over 700 additional courts.   The Atlanta Lawn and Tennis Association (ALTA) with 60,000 members and USTA Atlanta with over 40,000 members coupled with the nation’s fastest growing sport, Pickleball, provides significant opportunities for continued expansion. The Company also has excellent name recognition in their market and approximately 60% of its work is through referrals or repeat customers. There are currently 33 signed contracts totaling $2,100,000.00 in the pipeline. The two owners are willing to agree upon a training and transition plan, with one of the owners willing to stay for up to 2-3 years. This is offered as a cash free / debt free sale.

Financial information

  • $3,500,000 Asking Price
  • $1,000,000.00 Cash Flow
  • $4,036,790.00 Gross Revenue
  • No Financing

Reason for sale

Retirement

Facilities

The business leases a 2,000 sq. ft. facility in Georgia and a storage unit in South Carolina. The combined rent is $2,325.00 per month.

Detailed information

  • Home Based:

    No
  • Franchise:

    No
  • Distressed:

    No
  • Relocatable:

    No
  • Year Established:

    1976
  • Year Acquired:

    2003
  • Willing To Train:

    Seller is willing to train to for a smooth transition
  • Real State Available:

    No
  • Is Property Leased:

    Yes
  • Real Estate Included:

    No
  • Is Management Staying:

    No
  • Days Open:

    Monday - Friday
  • Hours Open:

    Mon-Fri
  • Building Size:

    2,000 sf
  • Monthly Rent:

    $2,325.00
  • Listing Id:

    SA1701

Contact Us

Business location

Atlanta, GA

Listing ID: SA1701

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