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.
“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.
Unfortunately, many (if not most) golf courses settle for porta-potties on the green. Just remember that from the user's perspective, flush restrooms will always be ideal. They are familiar, they do not smell bad, and they have a sink for handwashing, which is more important now than ever.
Taking Charge At that time, Nicklaus' basic design fee was worth $150,000 in the United States, $250,000 in English-speaking countries abroad and $300,000 elsewhere. If the course wanted to use Nicklaus' name and have him as endorser, clients would have to fork out an additional $1M to do so.
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).
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.
Many clubs have a permanent restroom or two strategically placed on the course, like the one adjacent to the 15th tee box at Highland Woods Golf & Country Club in Bonita Springs, Fla.
Currently, the PGA does not have any specific rules that prohibit players from smoking on tour. However, it does seem as though certain venues ban smoking on their premises. In other words, PGA Players are allowed to smoke as long as the club/course does not have any policies that prohibit it.
Jordan Spieth's Caddie's Estimated $2M Earnings Would Be 39th on Tour Money List. Jordan Spieth's caddie and former sixth-grade teacher, Michael Greller, has likely made $2 million this season.
$2 million to $3 millionThe Asheville project, at a gated community called the Cliffs at High Carolina, had reportedly paid him $10 million. The usual fee for course design by a top architect runs $2 million to $3 million. It didn't matter that Mr. Woods had never designed a course.
Tiger is one of the top golfers on the PGA Tour. Even though Tiger Woods hasn't retired from professional golf, that hasn't stopped him from designing the golf courses. And he has designed around ten golf courses so far, including his own practice facility in the backyard.
Jack Nicklaus brought Muirfield Village to life through his vision, knowledge, desire – and a never-ending quest for perfection. DUBLIN, Ohio – When a 34-year-old Jack Nicklaus officially opened Muirfield Village Golf Club on May 27, 1974, he unveiled an imperfect masterpiece, though a masterpiece nevertheless.