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 it cost to build an 18-hole golf course?
Adding the number of tees up for an 18-hole course is 72 tees and a surface area of more than 86,000 square feet. The approximate cost to build the tees could range from $50,000 to $200,000. Size, quality, and quantity of bunkers play a significant role in the cost of the bunkers.
How much land do you need 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.
Why are golf courses so expensive to build?
Building a golf course requires a sizable piece of land that slopes as golfers do not want to play on a level course. If the land is too flat, you will have to transport soil in to create slopes, thus dramatically increasing the cost of building a golf course.
Is owning a golf course profitable?
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 is the operating cost of a golf course?
The cost to achieve the condition players expect — or will tolerate — ranges from about $500,000 a year for a daily-fee course to $1,000,000 a year for a private club, estimates Bob Randquist, chief operating officer of the Golf Course Superintendent's Association of America.
How much does a golf course spend on fertilizer?
Fertigation is becoming the way for golf courses to be able to fertilize the grounds in the most efficient and cost-effective way. Did you know that golf courses spend $25,000 to over $100,000 on fertilizer annually?
How much does it cost to maintain Augusta National?
between $100,000 and $300,000Membership 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."
How much profit does a golf course make?
On an encouraging note, Sageworks' data show that even though golf courses have negative margins, they have strengthened steadily since 2008, when the average net profit margin was about -9%.
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.
How many employees does it take to run a golf course on average?
How many people does the average business in the Golf Courses & Country Clubs industry in the US employ? The average Golf Courses & Country Clubs business in the US has 28.9 employees.
What is golf course agronomy?
Superior golf courses depend on the expertise of professional agronomists. At its root, agronomy is the science of growing and maintaining plant life in the healthiest, most sustainable way. Golf courses depend on turfgrass that thrives within the area's environmental conditions.
Is Tiger Woods a member of Augusta?
According to Golf Week, there are a few ways to play at the course. And getting invited by a member is one of them. However, despite being a 5-time champion at the Masters, Tiger Woods doesn't have a membership at the Augusta. The other option for Charlie to play at the Augusta would be to become a volunteer.
How much does the groundskeeper at Augusta make?
The average salary for a groundskeeper is $14.81 per hour in Augusta, GA and $4,125 overtime per year. 32 salaries reported, updated at June 7, 2022.
How much does the Masters Pro Shop make?
It's reported that the Masters merchandise shop brings in $850,000 an hour.
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.
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 did golf courses spend on iron in 2016?
Equipment suppliers should be primed for a solid 2016. The biggest budgetary rise will be in mowing/cultivating equipment, with the average course spending $42,800 on iron in 2016 compared to $31,300 in 2015.
What was the average maintenance budget in 2012?
For those wondering, the average maintenance budgets in 2012 and 2013 were $651,392 and $622,500, respectively. More than half of superintendents (52 percent) will see their maintenance budgets increase in 2016 while only 16 percent will be forced to trim expenses.
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.
Sluggo42
Reading the topic about golf being a rich mans sport, I was wondering what your clubs monthly cost is.
Alf. S
Different world here in Scotland, the normal course in Central Belt are about £600 to £700/year, for unlimited Golf, no extras i.e. Carts. Some do put a yearly levy on your membership for food and drink but tis is normally £20-50.
revkev
I will preface this by saying that my club affords me a clergy membership so I don’t pay what I’m quoting here. The top clubs in our area are between 450 and 500. Some have buy ins, some don’t.
Kenny B
My club is not private. It doesn't have any amenities; it's just golf. The practice facilities are not great but adequate. The "cafe" is barely that. Sometimes the beverage cart is out on the weekends... sometimes.
fozcycle
My club is public but has 125 memberships, which for retirees it is $107/month + $160 for full cart plan. As I Ranger 2 mornings a week I get the cart plan waived. We have 4 clubs in the Tampa area that are reciprocal for full members. We also get 10% off in the Pub and Pro shop.
Kor.A.Door
169 per month, golf only. Cart is 20 per round. Like some have stated, rack rate is 70 so if I play 4 times per month I pay for my memebership. I have already played 5 rounds this month. We also get unlimited play at 3 Sister courses for cart fee only. So 4 full memberships at 1 cost. It’s really the best deal we could have honestly.
SteddyGolf
I live in Hawaii so the economics of my golf is very skewed. I’m not a member of a Private Club but I am a member of a group of guys that we call a club.