how do you sell a prime golf course to a developer

Can golf courses be used as a redevelopment site?

Green, lush, and well-situated in upscale neighborhoods, golf courses are increasingly being looked at as popular redevelopment sites, particularly as buildable land remains scarce. Here, Bilzin Sumberg environmental attorney Cristina Lumpkin discusses the challenges and opportunities developers should weigh before teeing off on such a project.

Should home builders develop on former golf courses?

Home builders should be aware of the environmental challenges that come with developing on former golf courses, says BUILDER blogger Cristina Lumpkin. Green, lush, and well-situated in upscale neighborhoods, golf courses are increasingly being looked at as popular redevelopment sites, particularly as buildable land remains scarce.

Is golf course real estate a good investment?

There’s been an uptick in interest in golf-course real estate over the past few years, particularly in South Florida, where golf sites are prevalent, but also in other areas such as New Jersey, North and South Carolina, and Georgia. Developers like these sites because they tend to be the only green land left in desirable, established neighborhoods.

Where can I Sell my used golf clubs?

2ndSwing.com is another option for selling and buying used clubs. Courtesy of 2ndSwing.com It's the very nature of the golf equipment business. Buy the latest and greatest and in no time at all, something else comes along that promises longer, straighter drives, more precise iron play and truer putts.

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.

How much money does a golf course generate?

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.

How do golf courses make money?

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.

Is a golf course design eligible for copyright protection?

So, while golf course design plans are copyrightable and course architects may feel protected by claiming copyright on their hole design plans, the designers essentially gain no practical protection.

Do golf courses turn a profit?

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 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 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 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 much does it cost to copyright a design?

In most cases, applying for a copyright is very cheap. You can spend as little as $35 if you're happy to register without legal help, and there's only one author to consider. However, most applications will incur a fee of around $55. That's because there are often designers to think about too.

How do I protect my design work?

There are several ways to protect your artifacts, designs, products, services and systems and these are: copyrights, trademarks, trade secrets, design registration, utility patents, industrial design rights, trade dress. This page lists available ways to protect your designs, but for more details contact an IP lawyer.

How do I copyright my design work?

To register a copyright, you must file a form, pay a fee and send a copy of the design to the U.S. Copyright Office.Verify copyright is the best form of protection for your design. ... Prepare a copy of the design to be submitted electronically or mailed to the U.S. Copyright Office.More items...

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.

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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.

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*.

What are the drawbacks of buying used golf clubs?

The only drawback to buying used clubs, obviously, is that they aren't custom fit. But if you get the right shafts, which you can do through 2nd Swing or Global Value Commerce because the specs are listed, you've won more than half the battle. Trends Gear. Mike Bailey.

Why don't clubs go for much?

In some cases you might be surprised, but by in large, clubs that are more than a couple of years old don't go for much because the market is so flooded with new equipment. Still, if you're looking for top dollar, these are the sites that will generally produce the most revenue.

How much does a Titleist 915 D2 driver cost?

For example, if you have a Titleist 915 D2 driver, you might be able to sell it for $200 (current bids on eBay are anywhere from $80-200) or so, depending on condition, so it might be worth it to sell it this way or put it up for auction. If you have a Scotty Cameron putter, even better.