TIA recognizes that in order to grow the game of tennis, tennis club owners must own a facility that is growing and flourishing; and, has a long range plan for the future. It’s not just serving the interests of the owners, members, and employees of the club. It’s about serving your local tennis community as a whole and in turn safeguarding the game of tennis for future generations.
In 2016, all business owners face challenges never seen before. Specifically, the aging of our society poses specific threats to the tennis industry. Over the next 10 years, 90 million people will retire…and of those that own privately held businesses (including those that own tennis clubs) approximately eight million businesses will change hands. Therefore, the traditional business plan is a thing of the past.
Today, the owner of a business has to take a holistic view that combines operations, business valuation, exit planning, value enhancement/revenue growth with a tennis club owner’s personal, professional, and business goals and objectives.
Sports Club Advisors, the only mergers and acquisitions firms to specialize in the fitness, sports and leisure sector, is helping TIA lead the charge in assisting tennis club owners/managers prepare for the future.
Jim Bates, one of the founding partners of Sports Club Advisors, holds three certifications with the Professional Tennis Registry and has over 20 years of management experience in the tennis industry; as well as 10 years of investment banking experience. Listen to what Jim has to say below: