Lyme Shores Sold!
It is our great pleasure to announce that a contract for sale has been signed with EKM Sports, Inc of South Bend, Indiana for 100% of the Lyme Shores Racquet Club’s business assets and real estate. A closing is expected to be consummated by the end of May.
The Board of Directors and the partners of Lyme Associates are pleased that after 40 years of ownership, the club will remain primarily as a tennis and pickle ball business, with new ownership planning to make substantial investments to upgrade the operation and facilities. You will be hearing from Eric and Kelly Moore, the owners of EKM Sports, later today.
It was in September 1981 that a group of us members (organized as Lyme Associates) got together to purchase the club, with a vow to keep it as a tennis club. Through our 40 years of ups and downs, we have resisted numerous proposals to convert to a multi-sports approach (or worse yet to a warehouse), as so many clubs across the country have been forced to do. There have been some difficult years, but we have managed to stay true to our objective, having re-invested any profits back into the business. We have had a great run but realize that it’s time for new blood and a higher level of investment.
We are also pleased to know that all of our existing staff and teaching professionals will be staying on, although a few of us will be retiring after a short transition period.
On behalf of all the partners of Lyme Associates, we wish to thank all our loyal members for your incredible support and dedication through the years, especially through this pandemic. We believe that you will be very pleased with the new owners and the future of tennis and pickle ball at Lyme Shores Racquet Club.
Sincerely (and with a touch of sadness),
Lyme Shores Racquet Club – Board of Directors
Norm Peck, III