what is the average income per hole on a golf course

Here’s how average salaries compare at 9-, 18-, 27- and 36-hole facilities. 9 holes: $64,873 18 holes: $94,693

Full Answer

How much money do 18-hole golf clubs make?

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. Driving Ranges

How much do PGA pros make a year?

Think how much over head they have at the golf course. We have 3 PGA professionals that make 60 thousand a year. Many grounds crew workers who make around that too. They also have to pay the cart kids and desk workers. After all of that expense they have to maintain the golf course which costs A LOT in gas.

How much does it cost to run a golf course?

But it also reflects the fact that running a golf course is expensive. 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. Driving Ranges

What percentage of a golfer’s salary comes from off-course deals?

The man can sell product. In general, golf stars tend to more or less follow the 90/10 rule. 90% of their earnings come from off-course deals, while only 10% come from golf winnings. For example, Tiger Woods’ golf winnings come to just 12% of his total career earnings as a golfer.

How much revenue does an average golf course make?

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.

Do golf courses actually make money?

The most common income streams are green fees, membership fees, pro shop sales, and food and beverage sales. While increasing membership fees or green fees might seem like a good way to increase revenue, it might put off more golfers than the additional income earned.

How much does it cost to build one hole on a golf course?

The cost per hole can vary from $50,000 to more than $175,000 for some upscale courses.

How much does the PGA pay to use a golf course?

Money for hosting an event ranges widely. If you're talking about a U.S. Open, the amount the USGA pays in facility fees is substantial — north of $2 million when it “rents” a club. But clubs also share in the event's revenue and receive additional funds to prepare and restore its course.

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?

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 is it to build a backyard golf course?

If you want something a little larger, lets say 200m2, with a bunker and extra accessories, the cost will most likely fall into the $20,000 – $25,000 bracket. If your green size isn't as large the cost can come down to the $7500 – $8000 mark.

How many acres is a par 3 hole?

If you are thinking about building a par 3 golf course, here are some frequently asked questions on the subject? HOW MUCH LAND IS NEEDED FOR A PAR 3 COURSE? At least 30 acres (12 hectares) is required for nine holes of similar length to the par 3 holes on most courses with a par of 70 to 72.

How much does Jack Nicklaus charge for a golf course?

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.

Who is the richest caddy in golf?

1. Jimmy Johnson. What is this? Jimmy Johnson is currently caddying for Justin Thomas, but he has a successful history on tour.

How much does it cost to play golf at Augusta?

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 the entry fee to play in the Masters?

The only expense he must pay to play in a tournament is a mandatory $50 locker room fee. Most professionals competing in a pre-tournament qualifying event pay entry fees of $400 apiece, except for Champions and Nationwide Tour players ($100 each) and non-exempt PGA Tour members (no entry fee).

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What is the most important thing in a golf course?

The greens. They are the most essential element of any course, but because of labor and equipment they are also the most expensive things to maintain — even if some of our demands are a costly waste. Firm and fast is the golf standard for greens.

Who is the vice president of Billy Casper Golf?

That’s a question owners ask all the time,” says a weary Bryan Bielecki, vice president of agronomy at Billy Casper Golf, which manages nearly 150 golf courses in the U.S. “You can’t spend less and expect the same exact product. You have to sacrifice something.”.

What are benchmarks in golf?

Benchmark uses four important key performance indicators. Key Performance Indicators are a business metric used to evaluate factors that are crucial to the success of an organization. The understanding of these four KPI’s is critical to your ability to successfully manage the tee sheet. Your tee time inventory is the most valuable asset any golf ...

What is the numerator in golf?

The numerator, or the number that is divided by capacity , is all of the rounds played on your golf course. All rounds should be included: 18-hole, 9-hole, back nine start, as well as comp rounds, employee rounds … all rounds. And, for the moment, we won’t make it any more complicated than that.

What is direct channel golf?

Golf course, or direct channels, can be your phone, a call center that answers your phone, your website or your mobile app. Indirect channels can be wholesalers and third-party marketing entities. The calculation is rounds booked direct divided by all rounds played.

How much of a golfer's earnings come from off course deals?

In general, golf stars tend to more or less follow the 90/10 rule. 90% of their earnings come from off-course deals, while only 10% come from golf winnings. For example, Tiger Woods’ golf winnings come to just 12% of his total career earnings as a golfer. Golf Facilities.

How much did 18 hole golf clubs cost in 2009?

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. Driving Ranges.

How much did golf generate in 2011?

According to research group SRI International, the “golf economy” in the U.S. generated $68.8 billion of goods and services in 2011. Back in pre-Recession 2001, that number was $75.9 billion. Still, SRI estimated that golf generated a total economic impact of $176.8 billion in 2011.

How many new golf homes were built in 2011?

This has a measurable impact on the housing market in the U.S. SRI estimates that 19,152 new golf community homes were constructed in 2011, with total golf residential construction spending of $3.1 billion.

How many hours does a woman spend on golf?

Women spend an average of 0.23 hours participating in sports, exercise and recreation on weekends and holidays, and just 0.20 hours on weekdays. Now consider that a traditional 18-hole round of golf can take around four hours. Bottom Line.

How much did Tiger Woods make in 2014?

Despite scandal and injury, Tiger Woods is still at the top. On-course, he made “just” $610,775 in 2014, but off-course he netted $54,500,000, for a total of $55,110,775. Golf legend Arnold Palmer made the #4 spot on the Golf Digestlist.

How much money did the PGA Championship purses make in 2014?

Because the PGA Championship and Players Championship both bumped their purses up to $10 million in 2014 and awarded the championship winner $1.8 million. So, in 2015, the Masters, the U.S. Open and the British Open all increased to $10 million purses. Golf Revenue.

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.

How much did Doyle pay for the golf course in Florida?

The $3.8 million Doyle paid for the course, in Florida’s third-biggest market, is slightly more than the average purchase price ($3.1 million) for the 114 golf course sales tracked by Leisure Investment Properties Group last year.

What is the National Golf Foundation's GolfMAP system?

The National Golf Foundation’s GolfMAP system, for example, provides a detailed look at demand-related variables such as participation rates, golfing households, rounds played, interest among non-golfers, and household income in a particular region.

Where did Dan Doyle Jr. play golf?

E very day for almost 20 years, Dan Doyle Jr. passed the same public golf course near Tampa, Fla., while driving his kids to school or heading to the office. The town-owned Belleview Biltmore Golf Club in Bellaire was the venue at which Doyle learned to play the game as a youngster and he’d frequently feel pangs of disappointment ...

What would happen if golf courses went up for sale?

If any of these courses went up for sale, major golf management companies (Troon, Trump, ClubCorp) and investments funds would be lined up to get a piece of these very profitable enterprises. However, most golf courses that go up for sale aren’t in great locations and may not even be profitable at all.

Is golf in decline?

Many Golf Courses are Struggling. The golf industry has been in decline for over 10 years (pre-Covid). The number of rounds being played is going down, the number of courses open in the U.S. has decreased, and the average age of golfers has gone up.