Average prices for 18-hole courses vary according on their level, with a low- to mid-grade course costing between €2.2 and €3 million on average, a high-end course costing €5.9 million, and a trademark course costing between €6.8 million and €7 million. How much does it cost to maintain a golf course?
Full Answer
How much does it cost to play 18 holes of golf?
The median cost for an 18-hole round of golf at a public course is $49. This also includes renting a golf cart for the round. Without a cart, the price is usually around $10 cheaper.
How much does it cost to maintain a golf course?
Hawaii is, on average, the most expensive state in which to maintain a course, at $1.44 million a year. That’s followed by tracks in the southwestern U.S., where the average yearly maintenance cost is $1.05 million. Because they have such a short season, courses in the north central states come in, on average, at a bargain $556,000.
How much does a round of golf cost?
The median cost for an 18-hole round of golf at a public course is $36. This also includes renting a golf cart for the round. Public courses are maintained by the city and/or county as well, and tend to not be as well-kept as private courses. Because of this, avid golfers will decide to opt for membership to a private golf club.
How much does it cost to play on a public course?
The median cost for an 18-hole round of golf at a public course is $49. This also includes renting a golf cart for the round. Without a cart, the price is usually around $10 cheaper. Public courses tend to not be as well-kept as private courses.
How much does Augusta cost to maintain?
Membership is believed to cost between $100,000 and $300,000 and annual dues were estimated in 2020 to be less than $30,000 per year. Club members are sometimes referred to as "green jackets." For decades, the club barred membership to African Americans.
How profitable is owning a golf course?
Profitable golf courses are generally selling for six to eight times EBITDA, while courses that aren't profitable tend to sell at 0.8 to 1.4 times revenue.
How much does it cost to build one hole on a golf course?
The cost per hole can vary from $50,000 to more than $175,000 for some upscale courses.
How much is an 18-hole round of golf?
According to a Golf Channel survey, the median cost for an 18-hole round at a public golf course is $36 including cart. Private clubs are costlier with annual membership dues and additional fees and range anywhere from moderately-priced to six-figure initiation fees.
Do golf courses lose money?
The report showed 24 golf courses in California reported losses during fiscal year 2020, including a course in Bell Gardens, CA, that reported more than $139,000 in losses.
Do golf courses make a lot of money?
Golf Courses make between several hundred thousand to more than five million dollars per year. The difficulty in pinpointing an exact number that golf courses make is that no two golf courses are alike.
How many acres is needed for a golf course?
“This means an 18-hole course of all short par 3s could be built on as little as 30 acres, while an intermediate length or executive course of 18 holes of par 3s and 4s would require 75-100 acres, and a full size par 72 course would need 120-200 acres.
How many acres is an average golf course?
150 acresAt the individual level, an average 18-hole golf course covers 150 acres, approximately 100 (67 percent) of which is maintained turfgrass. This area is predominantly comprised of rough (51 acres) and fairways (30 acres).
How much is it to build a backyard golf course?
If you want something a little larger, lets say 200m2, with a bunker and extra accessories, the cost will most likely fall into the $20,000 – $25,000 bracket. If your green size isn't as large the cost can come down to the $7500 – $8000 mark.
How expensive is golf as a hobby?
For people who know that golf is going to be a long-term commitment, clubs, shoes, and apparel will be the three significant costs in the beginning. The pricing on a decent set plus some accessories is probably going to cost you at least $700 to get more involved.
How expensive is golf a year?
Let's talk about the average green fee in America in 2020. According to research from the National Golf Foundation, the average cost to play a round of golf in the United States in 2020 is $61.
How much is a round at Augusta?
There are roughly 300 members of Augusta National, and being invited by one of them is the quickest way to get a round in at the famous course. Members are allowed to bring a guest on the course for a relatively small fee of $40.
How many acres does it take to build a golf course?
“This means an 18-hole course of all short par 3s could be built on as little as 30 acres, while an intermediate length or executive course of 18 holes of par 3s and 4s would require 75-100 acres, and a full size par 72 course would need 120-200 acres.
How can I make my golf clubs profitable?
Strategies to Boost Revenue at Your Course This SeasonSell packages.Custom memberships.A well-designed loyalty rewards program.Branded merchandise.Sponsorships.Add an eCommerce page to your website.Open up an online booking channel.Upselling and cross-selling.More items...•
Is a driving range a good investment?
How much profit can a driving range make? An indoor facility with full-service restaurant and rental space in a high-traffic urban environment can see a net profit of up to $2.9 million a year. However, if you have a low-tech field in the country, you could see an income as low as $40,000 a year.
How do you finance a golf course purchase?
The Best Financing Options to Launch Your Golf Course or Resort...Conventional financing.Small Business Administration (SBA) loans.Life insurance companies.CMBS loans.Private equity financing.
Public Course
For the average golf player, most will play on a public course, otherwise known as a municipal course. This means the course is owned by a city or county, and typically doesn't operate to make a profit.
Private Course
Private courses are owned by a golf club, and therefore tend to be higher quality. These clubs will hire more renowned golf course architects, and maintain the course at a much higher level than a public course.
Buzzkill
Don't have midwest info but when I worked in Florida our budget for two 18 hole courses with 2 mechanics and 15 greenskeepers was $750K which I believe is low by most standards. This was a private country club too.
Pepperturbo
In my experience - some numbers quoted here are low. Maybe they are low end courses (not meant as an insult anyone), can't say. On average, courses in AZ and CA cost about 6M-15M, depending on course turf, turf equipment and facilities. An acquaintance bought a tournament level course years back.
HenryBall
If you are running an 18 hole facility with food and beverage ops here are some of the numbers you can expect Food and Bev operation: 150,000 Golf related expense (flags, event signs, handicapping, pos software, staff, range balls, etc): 100,000 Maintenance: 200,000 Marketing: 75,000 Misc repairs/expenses: 100,000 These numbers may be slighlty skewed.
8orBetter
I'm sure the cost of gas is a budget buster for a lot of courses out there, especially with a weak economy where membership is cutting back either due to being laid off from work or just cutting back on expenses.
KennyLee
Way too broad of a question to get a good answer to without a ton more information. I've seen budgets that were $300k per year (goat track) and places where the greenskeeper made that much or more.
Tstiles
How much could one expect to spend on operating expenses for an above average golf course in the Midwest? I don't have much information to offer but would like some info on this. Thanks guys.
SFbaybum
Are you guys including other op expenses if you have more than a golf course (pool, tennis, etc)?
How Much Land Does It Take To Build A Golf Course?
How much to build a golf course depends significantly on the cost of the land. An average 18-hole golf course requires approximately 140 and 180 acres, while a 9-hole course requires 70 and 100 acres. A 9-hole par-3 course can be built on as little as 65 acres, while an 18-hole pitch and putt require around 25 to 30 acres.
How Much Does It Cost To Build A Golf Course?
In 2001, Michigan State University found that the median cost to build a golf course was $14 million. But it varied between $7 and $25 million. It is difficult to provide an exact cost to the question, how much is it to build a golf course since there are many options and expenses.
FAQs
Owning a golf course can be quite profitable and rewarding if the construction costs can be kept low without sacrificing quality.