Sports Club Advisors (“SCA”) announces the sale of Bloomington Tennis & Turf in Bloomington, IL. Jim Bates, a leader in the tennis industry, served as the sell-side advisor on the transaction.
Blono Tennis & Turf
In 2016, Mark Bowers saw an opportunity to capitalize on a market need in his community and built a 6 court, permanent dome to house six tennis courts. Then in 2020, Mark reacted to the market needs again. He took taking advantage of the COVID lockdowns to retrofit three of the tennis courts into an indoor turf space. Not only did this change adapt to the needs of the community, but it also fundamentally changed the profit margins for the business. When Mark’s family relocated to the Southeastern US, it was time for an ownership transition. With a lot of runway left for growth, the next generation of owner can take the multi-sport facility to another level.
“Sports Club Advisors was relentless with their marketing efforts. Their knowledge of the industry, as well as their contacts in the industry, provided me with the confidence we could sell the sports facility. Their attention to detail, professionalism, and efforts during the due diligence were amazing. It was a journey and they got the deal done.” – Mark Bowers
A local investor group purchased the facility. Additional programming and small upgrades are in progress, with more to come.
“We are excited that a local investment group has purchased the dome and it will continue to serve the Bloomington-Normal community for many years to come. We also want to congratulate Mark Bowers. Back in 2016 he turned his vision into reality and we are proud to have assisted him with a successful exit.” – Jim Bates.
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Jim Bates is a partner and co-founder of Sports Club Advisors. He is an experienced M&A advisor, a successful sports and fitness professional, a successful entrepreneur, and a published author (Business Valuation for Dummies, Wiley & Sons Publishing – 2009).
Contact Jim Bates at jbates@sportsclubadvisors.net to explore your opportunities to buy or sell.