how to sell a golf course

^{5 Tips to Sell a Golf Course}

1. Plan an Exit Strategy. One of the first steps to selling a golf course is deciding how you will exit the business. ...
2. Prepare Your Paperwork. Once you’ve planned how you will exit your golf course business, you should begin preparing your paperwork and organizing important documents.
3. Acquire a Professional Valuation. Though you may have an estimated price in mind, the most reliable way to obtain an accurate valuation is through a business broker.
4. Prepare Your Golf Course. Before placing your golf course on the market, make sure everything is in order and ready for potential buyers.
5. Contact a Business Broker and List Your Golf Course for Sale. After completing all the preparation steps, it’s finally time to list your golf club for sale. ...

Why sell used golf clubs to 2nd Swing Golf?

When you sell used golf clubs to 2nd Swing Golf we give you the HIGHEST values for your items. We waste no time evaluating the condition of your clubs and getting you paid!

How many golf courses are for sale in the US?

There are typically 175-200 golf courses for sale at any one time in the U.S. market. For a variety of reasons, not all courses are listed here, but if you are looking for a specific course in a certain price range or in a particular region of the country, let us know. We will do our best to help you find it.

Is the trade-in value of my used golf clubs higher than resale?

The trade-in value is slightly higher than the resale price. You get more value for your used golf clubs when you trade-in toward other purchases. Why are multiple values given for my used golf clubs?

Are all Golf Club models given a market value?

Not every golf club model can be given a market value and these items are typically: rare items, antique items, special or tour issue items and other very high-ticket items. If items are extremely old or damaged, they are also not assigned a market value. Need help or have further questions?

How do you value a golf course?

As with most property types, golf courses can be valued via the income approach, sales approach, or cost approach. Each method has its limitations. Given the specialized nature of golf course properties, the application of the comparable sales approach is preferred.

What is the average revenue for a golf course?

According to the National Golf Foundation's 2010 Operating & Financial Performance Profiles of 18-hole golf facilities in the U.S., private 18-hole golf clubs had average total revenue of $3,277,000 in 2009, but with total expenses of $3,204,500.

Is it profitable to own 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.

What makes a golf course profitable?

Green fee play, memberships, food & beverage, and pro shop sales are the four main levers that can lead to an increase in revenue at a golf course. Of course, within each revenue stream, many specific opportunities exist for golf courses to produce more revenue.

Do golf course owners make a lot of money?

Golf Course Owners make between $30,000 to several hundred thousand dollars per year. However, golf course owners sometimes will lose money if the course has a bad year. Overall, the golf course industry is very volatile, and there is no guarantee that money will be made.

What is the profit margin on golf clubs?

After all expenses, the best golf retailers rarely profit more than 2-3% of the total cost of a club. However, as a whole, we can say that around 33.33% of the cost of a golf club is the markup from the retailer.

What is the most profitable business?

Here's our list of the most profitable small businesses:Food trucks. ... Car wash services. ... Auto repair. ... Personal trainers. ... Newborn and post-pregnancy services.

How many acres do you need 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 the 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 can I make my golf course successful?

Offer Online Tee Time Booking. Online tee time booking is more important than ever. ... Look at Third-Party Booking Outlets. ... Offer Varying Golf Course Membership Options. ... Add a Loyalty Program. ... Use POS Reporting and Analytics. ... Automate Ordering and Inventory. ... Host Golf Events and Contests. ... Add Time-Based Discounts.More items...•

How many gallons of water do golf courses use?

In California, an average 18-hole golf course sprawls over 110 to 115 acres and conservatively uses almost 90 million gallons of water per year, enough to fill 136 Olympic-size swimming pools, said Mike Huck, a water management consultant who works with golf courses statewide.

How do you manage a golf course?

10 strategy tips for golfers who know nothing about course...Give it a rip. Longer drives convert to lower scores. ... Have a 'trusty' go-to longer club. ... Lay up to your favorite yardage. ... Play the percentages into the green. ... Stress-free putting. ... Respect the downhill. ... Lean to hit knockdowns. ... Small strokes around the green.More items...•

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What are some of the methods buyers and sellers employ to complete a transaction?

Some transactions require creativity. If bank financing isn’t available, other means may be necessary. Installment sales, private equity and participation are just some of the methods buyers and sellers employ to complete a transaction. Every seller’s situation is different.

Is timing important in golf?

Always a big part of any transaction, timing is of considerable significance given the seasonal nature of most golf operations, the considerable amount of due diligence necessary on the buyer’s part and maybe most importantly the objectives of buyer and seller.

Golf Courses For Sale is a place to Buy and Sell Golf Courses, Golf Related Businesses, and Golf Course Real Estate. Individual Sellers and Brokers can post openly or confidentially

Golf Courses For Sale is a service from the golf course business consulting team of *Michael Kahn (Golfmak, Inc.) and William McIntosh (Golf Specialists, Inc.), with combined experience in golf of over 100-years.

Why Post Your Property With Us?

Golf Courses For Sale is not a brokerage. It is a much needed service designed to bring buyers and sellers of golf courses, or golf related businesses together in one place. When you post your golf related property or business on Golf Courses For Sale, you get:

How To Post Your Property

Follow this link to complete a simple form. Complete as much or little as you feel necessary to attract a buyer-prospect. There, you can chose a payment plan that works for you plus any extras*.

Pricing

We’ve observed that unrealistically high pricing is the quickest way to have a golf property sit on the market forever. Most buyers are economic buyers and with the plethora of golf properties on the market, those that are grossly over-priced are passed over for better opportunities.

Records

Many daily fee golf courses are family run, “cash businesses”. As such, it is not uncommon for financial records to be less than accurate. If all the revenues can’t be accounted for, as the seller you won’t be credited for them when you sell the property. Nobody will pay you for a “wink of the eye” and the potential that you haven’t realized.

Documents

Make it easy for your buyer to do their due diligence. It will save both of you time and money. Have and make available to your broker everything they need to ensure that a transaction evolves smoothly.