Considering Golf Courses for Sale?

Golf courses for sale are tempting business prospects. Of the few representative properties I looked into, they promise to be financially self-supporting, and have a history of steady revenues that exceed the annual costs of routine maintenance, management, and operating expenses for the course, driving range(s), and on-site facilities.

Of the golf courses for sale, for example, one southern U.S. course facilities generate about $1.5 million dollars annually, with the majority of the income coming from green fees, memberships, and a smaller stream coming from cart rental, driving range operations, and food and beverage services and merchandise sales. Another golf course facility generates an average of $1.3 million a year, which is ample money to cover budgeted costs and facility operations.

At the same time, other course owners use the profits (or surplus, if you will) to invest in improvements. The proprietors of one 18-hole municipal golf course, for example, had $5 million worth of reconstruction done, a renovation which included such work as return of original bunkers, improved tree placement, new practice ranges, and improved golf cart paths and irrigation systems. They increased fees upon reopening and were rewarded with an increase in the number of rounds played—and subsequently, an increase in revenues.

Looking at golf courses for sale, one can consider that overall, according to one report on 58 golf courses throughout the United States , the revenues come between $20k and $50k, $50k and $100k, and $100k and $200k, as well as $500k and $1 million.

Another consideration is the miniature golf courses for sale—if full-sized multi-acred greens are not your thing but theme park style fun is. The mini-course requires comparably little in startup financing and reaps great financial rewards. Costing between $200,000 to $250,000 (with more upscale in design grounds costing up to a $million), the miniature facilities pay for themselves in about a year and a half to three years. For example, one owner on the east coast reported a peak period income of $500 an hour, with moderated activity—at only 35% total usage per hour for eight hours a day—grossing approximately $72,000 annually.

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A Few Reasons to Consider Golf Courses for Sale

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