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Golf Course For Lease With Option To Purchase

Location  Oregon,United States
Asking Price Range  $2.5M - $5.0M
Gross Revenues  $626000
Net Profit / Cash Flow  $199000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1923
Number of Employees  4 - 5
Relocatable  No
Number of Employees  4 - 5
Real Estate  Owned
Training  Owner will train
Reason for Sale  Moving out of the area
Description  Company Overview and History The Golf Course, is a well-established 18-hole public golf course with Driving Range situated in a beautiful setting along the Southern Oregon coast on a stunning 160 acre property. The course offers a challenge for golfers of all ages. In addition to the par 72 course, the property includes a clubhouse and restaurant (currently closed), large shop building, owner / manager's home, 4,000 SF fully enclosed cart storage building, 40 - rental carts (gas), and an abundance of equipment used for maintaining the grounds. The Owners have made multiple improvements which include New Hole #6, combined Holes 1 & 2, extensive drainage improvements, rebuilt 90% of the existing bunker drainage and added new Idaho white sand. Paved all the cart paths and improved tee boxes, and other facility improvements which include sprinklers and greens work. The current Owners have concluded that the Golf Course would be best served with an on-site owner who has the experience and energy to actively manage the course and increase the marketing of the business. Currently there is no golf professional to help manage the facility and the Owners feel that golf - pro would provide a substantial boost to the current operations. Accordingly, they desire to identify a new owner to build on the improvements they have made, and take the business to its next level of success and profitability. Financial History The company is operated as an LLC. Combined sales/income ran $701,190, $682,939 and $685,662 for 2008, 2009 and 2010 respectively, including green fees, tournament, cart rental income, and food and bar sales. The Owners have identified several ideas that they would suggest a new owner consider, to take the Golf Course to the next level of growth, including increasing signage, recruiting tournaments, hiring a Golf Pro and implementing an aggressive marketing campaign including updating their website. One can immediately see the possibilities.
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