Is Granada Worth Building a Padel Center In?

Padel Venues
15
padelnomics Score
33.3/100
Courts/100K
36.4
Population
234K
Key takeaway: Granada's padel market is well-supplied — a profitable new venue here needs a clear edge in location, facility quality, or ancillary services.

It depends on your concept — Granada scores padelnomics Score 33.3/100. The market is comparatively well-served, but differentiation through location and quality can pay off. This page breaks down what a padel investment in Granada 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 Granada actually return? The financial model below works with real local market data.

What Does a Padel Investment Cost in Granada?

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

Granada, ES Investment Breakdown
Item Amount Detail
Padel Courts €225,000 9×dbl + 0×sgl
Shipping €15,000
Floor Preparation €6,731
HVAC Upgrade €11,218
Lighting Upgrade €5,609
Fit-Out & Reception €22,435
Permits & Compliance €9,392
Equipment €4,700
Working Capital €8,413
Miscellaneous €6,000
Contingency (10%) €31,450
Total CAPEX €345,948
Per Court €38,439
Per m² €132
LTV 85%
Equity €51,892
Loan €294,056
Total €345,948

Construction costs vary significantly depending on whether you build an indoor or outdoor facility. Indoor halls in Spain 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 Granada

Granada, ES Revenue & Operating Costs

Revenue Model

Weighted Rate €14/hr
Utilization Target 38%
Booked Hours/mo 1,587

Monthly OPEX

Item Monthly Detail
Rent €8,968 2630m² × €3.41/m²
Insurance €258
Electricity €350
Heating €258
Water €107
Maintenance €244
Cleaning €244
Marketing / Software / Misc €284
Total Monthly OPEX €10,713

Monthly Summary

Gross Revenue €34,237
Booking Fees -€2,190
Net Revenue €32,047
Operating Costs -€10,713
EBITDA €21,334
Debt Service -€3,119
Net Cash Flow €18,215

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. Per-venue median hourly rates, booked occupancy over time, and the spread across facilities are part of Padelnomics Research — the inputs above are calibrated from that data.

Financial Returns

Granada, ES Returns & Financing

Return Metrics

IRR (5yr) 278.6%
MOIC 48.81x
Payback 25 months
Cash-on-Cash 441.2%
Yield on Cost 80.1%
EBITDA Margin 67%

Exit Analysis

Exit Value (6.0x EBITDA) €1,662,699
Remaining Loan €165,274
Net Exit €1,497,425

Financing

Loan Amount €294,056
Rate / Term 5.0% / 10yr
Monthly Payment €3,119

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 Granada 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

With 36.4 courts per 100K residents, Granada has a relatively high padel density. This indicates a proven market with demonstrated demand — but also more competition for new entrants. Differentiation through location, facility quality, or pricing strategy becomes the key success factor.

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.

Granada Market Overview

Metric Value
Courts 85
Courts per 100K residents 36.4
Venues 15
Venues per 100K residents 6.4
padelnomics Score 33.3/100
Data Confidence 100%

FAQ

Is Granada a good location for a padel center?

Granada scores 33.3/100 on the padelnomics Score, which evaluates investment potential based on supply gaps, catchment reach, market maturity, and sports culture. A lower score indicates a well-served market — differentiation through location, quality, or pricing becomes critical. Use the Padelnomics planner to model your specific assumptions.

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

ROI depends on build cost, court count, pricing, and occupancy assumptions. The defaults in the model above are calibrated from current market and booking data for Granada; the specific city- and venue-level inputs (median rates, per-venue occupancy, price trends) are part of Padelnomics Research. Adjust the inputs in the planner to see how your scenario compares.

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

Total investment depends on venue type (indoor vs outdoor), land costs, and local construction standards in Spain. 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 Granada cost breakdown.

How many padel courts are there in Granada?

Granada has 85 padel courts across 15 venues. With a population of 234K, that translates to 36.4 courts per 100,000 residents.

What are typical padel court rental prices in Granada?

Padel prices in Granada vary between peak and off-peak hours, indoor vs outdoor facilities, and facility quality. City- and venue-level medians, P25–P75 spreads, and occupancy rates are part of Padelnomics Research — the inputs in the financial model above are calibrated from that data.

How does Granada compare to other Spain cities?

Granada's padelnomics Score of 33.3/100 reflects its investment potential among tracked Spain cities. See the Spain market overview for a full comparison across cities.

Ready to run the numbers for Granada? → Build your business plan

Two questions worth settling first: how many courts fit on your plot? · will the site get permitted?


More Spain padel markets: Spain overview