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
Full Answer
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 rent an 18 hole golf course?
At lower-traffic times of day, the median price for 18 holes is closer to $30. For four to five hours of entertainment, the hourly rate can range from anywhere to $6-$15 on average. That's a good deal.
How much does it cost to join Augusta National Golf Club?
For example, the famous Augusta National Golf Club is extremely exclusive, only having 300 members. Their initiation fees can be as high as $500,000. Augusta National's Golf Course is the host of The Masters Tournament and is widely regarded as one of the nicest courses in the world.
How much does it cost to build a private 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 money does it take annually to maintain a perfect 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.
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.
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.
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 acres is a typical 18-hole 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 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 much does the groundskeeper at Augusta make?
The average salary for a groundskeeper is $13.15 per hour in Augusta, GA and $4,229 overtime per year. 32 salaries reported, updated at May 24, 2022.
Is Tiger Woods a member of Augusta?
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.
How much does a round at Augusta cost?
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 much is a custom driver?
New Equipment CategoryLow RangeHigh RangeDriver (w/ stock shaft)$400 +/-$650 +/-Fairway (w/ stock shaft)$250 +/-$350 +/-Hybrid (w/ stock shaft)$250 +/-$350 +/-**Irons (w/ stock steel shaft)$900 +/-$2,000 +/-2 more rows
How much does it cost to put a shaft on a driver?
A new iron shaft and grip can range between $10 and $95 while a new driver shaft and grip can range between $18 and $440. The majority of the cost comes down to what type of shaft you want and what grips you like. The cheapest shafts you can get are somewhere around 10 bucks each.
How much does it cost to play 18 holes of golf?
The median cost for 18 holes of golf at a public course on the weekend is $36, including a cart, according to the survey, which noted that at a daily course -- a privately owned facility open to the public -- the median cost was $40 for a weekend round.
How much did the 2008 PGA Championship cost?
For the South Course, on which the 2008 PGA Championship was played, prices ranged from $246 to $292. The price per round at California's Pebble Beach Golf Links, home of the Pebble Beach National Pro-Am and numerous major championships, was $495.
Where is the best place to play golf?
Scotland. For many players in the United States and elsewhere, Scotland is golf’s Mecca, where a golfer may play some of the world’s best and most historic courses, although some of the country’s best venues require that golfers carry a minimum handicap.
How many rounds of golf are played in a year?
According to a Golf Channel survey, about 30,000 rounds of golf are played at a typical American golf course each year. The price each golfer pays for a round depends on tee time, day of the week, the course’s age and whether it is a public or private 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)?
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.
How much does 18 holes cost?
At lower-traffic times of day, the median price for 18 holes is closer to $30. For four to five hours of entertainment, the hourly rate can range from anywhere to $6-$15 on average. That's a good deal.
How much does it cost to play golf 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. The average cost to play nine holes in the United States is $33. The median rate, which is the price in the middle of the range instead of the average of a range, is $49 for 18 holes and $26 for nine holes.
Do you have to pay to play golf?
Those are separate, but they're typically not required. Golf does cost money, and it's unlike other sports in that you have to pay every time you want to play. However, for the cost of going to a couple of movies, you can play golf and enjoy a great day outdoors.