Is Cartagena Worth Building a Padel Center In?

Padel Venues
2
padelnomics Score
62.0/100
Peak Rate
Population
915K
Key takeaway: Cartagena offers solid ground for a padel investment — the market is growing but not saturated, and the right concept in the right location can capture real demand.

With the right setup, yes — Cartagena scores padelnomics Score 62.0/100, indicating solid potential with careful site selection. This page breaks down what a padel investment in Cartagena costs, what it returns, and how the local market compares — with a financial model you can adjust to your scenario.

The question that matters: given current pricing, occupancy, and build costs, what does a padel investment in Cartagena actually return? The financial model below works with real local market data.

What Does a Padel Investment Cost in Cartagena?

Based on current market data for Cartagena, here is what a padel center investment looks like:

Cartagena, CO Investment Breakdown
Item Amount Detail
Padel Courts €350,000 14×dbl + 0×sgl
Shipping €21,000
Floor Preparation €12,000
HVAC Upgrade €20,000
Lighting Upgrade €10,000
Fit-Out & Reception €40,000
Permits & Compliance €12,000
Equipment €6,200
Working Capital €15,000
Miscellaneous €6,000
Contingency (10%) €49,220
Total CAPEX €541,420
Per Court €38,673
Per m² €136
LTV 85%
Equity €81,213
Loan €460,207
Total €541,420

Construction costs vary significantly depending on whether you build an indoor or outdoor facility. Indoor halls in Colombia run considerably higher — structural build, ventilation, and lighting drive the cost. Outdoor courts are cheaper to construct but limit your operating season and revenue potential. The number of courts is the single biggest lever on total investment: each additional court lowers the per-court cost, but increases your total capital at risk.

Revenue Potential in Cartagena

Cartagena, CO Revenue & Operating Costs

Revenue Model

Weighted Rate €40000/hr
Utilization Target 75%
Booked Hours/mo 4,872

Monthly OPEX

Item Monthly Detail
Rent €15,920 3980m² × €4/m²
Insurance €300
Electricity €600
Heating €400
Water €125
Maintenance €300
Cleaning €300
Marketing / Software / Misc €350
Total Monthly OPEX €18,295

Monthly Summary

Gross Revenue €194,903,159
Booking Fees -€19,488,000
Net Revenue €175,415,159
Operating Costs -€18,295
EBITDA €175,396,864
Debt Service -€4,881
Net Cash Flow €175,391,983

Revenue depends on three factors: court rental pricing, occupancy rates, and ancillary income (coaching, retail, food & beverage). Utilisation swings sharply by time of day and season — evenings and weekends tend to run at or near capacity, while weekday mornings and afternoons have idle courts.

Financial Returns

Cartagena, CO Returns & Financing

Return Metrics

IRR (5yr) 1000.0%
MOIC 295773.06x
Payback 1 months
Cash-on-Cash 2696287.8%
Yield on Cost 420793.9%
EBITDA Margin 100%

Exit Analysis

Exit Value (6x EBITDA) €13,669,574,842
Remaining Loan €258,659
Net Exit €13,669,316,183

Financing

Loan Amount €460,207
Rate / Term 5% / 10yr
Monthly Payment €4,881

The return metrics above show how quickly your investment pays back and what long-term return you can expect. IRR (Internal Rate of Return) is the key metric — it accounts for the time value of money and lets you compare against alternative investments like real estate or equities. A payback period under 5 years is considered solid in the padel industry. These numbers are based on current Cartagena market data. Adjust the assumptions in the planner to model your specific scenario.

Adjust these numbers for your own plan → Model it in the Planner

Market Context

Cartagena has a low padel density of 2.1 courts per 100K residents. This means less competition and potential first-mover advantage — but also less validated demand data. The rapid growth of padel across Colombia suggests significant development potential.

Padel is growing rapidly across Europe — many markets are seeing venue counts double within a few years. The sport's relatively low barriers to entry (less space than tennis, faster learning curve for players) continue to drive expansion.

Cartagena Padel Pricing

Court rental rates in Cartagena based on current booking data:

Rate Type Price
Peak hours No data
Off-peak hours 20000 COP/hr
Average hourly rate 20000 COP/hr
Estimated occupancy 75%

For a detailed pricing breakdown with price ranges and venue comparisons, see the Cartagena court prices page.

Cartagena Market Overview

Metric Value
Courts 19
Courts per 100K residents 2.1
Venues 2
Venues per 100K residents 0.2
padelnomics Score 62.0/100
Data Confidence 100%

FAQ

Is Cartagena a good location for a padel center?

Cartagena scores 62.0/100 on the padelnomics Score, which evaluates investment potential based on supply gaps, catchment reach, market maturity, and sports culture. A mid-range score means solid potential — the market has room, but requires careful site selection. Use the Padelnomics planner to model your specific assumptions.

What is the return on investment for a padel center in Cartagena?

ROI depends on build cost, court count, pricing, and occupancy assumptions. In Cartagena, market defaults are a peak rate of estimated from regional benchmarks and estimated occupancy of 75% (sources: booking and market data). Adjust the inputs in the planner to see how your scenario compares.

How much does it cost to build a padel center in Cartagena?

Total investment depends on venue type (indoor vs outdoor), land costs, and local construction standards in Colombia. Typical benchmarks: an indoor court costs around €35,000 for court equipment plus building and fit-out; outdoor courts are significantly cheaper. Use the financial planner for a detailed Cartagena cost breakdown.

How many padel courts are there in Cartagena?

Cartagena has 19 padel courts across 2 venues. With a population of 915K, that translates to 2.1 courts per 100,000 residents.

What are typical padel court rental prices in Cartagena?

Pricing data is not yet available for Cartagena. The financial model uses Colombia-wide benchmarks as a proxy.

How does Cartagena compare to other Colombia cities?

Cartagena's padelnomics Score of 62.0/100 reflects its investment potential among tracked Colombia cities. See the Colombia market overview for a full comparison across cities.

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More Colombia padel markets: Colombia overview