Golf Course & Driving Range For Sale

Business description

Golf Course & Driving Range, located just off of I-5 in Northern California. Well-established nine-hole public Golf Course w/ Driving Range situated in a fast growing Northern California community setting. The course was originally developed in 1978, offers an easy walk for golfers of all ages. In addition to the par 35 course, the property includes a Driving Range, clubhouse with a dining area’s, small kitchen area, Pro Shop, restrooms, and an office, as well the other necessary facilities, such as outdoor cart storage, equipment and maintenance shed. Further there are 2 areas for potential development of homes or Condo’s and the putting cover stalls in at the Driving Range would significantly increase the use in both the summer and winter.

General Information
Competition: Company is positioned for growth and is keenly located to serve a broad and active market. The Course is situated just west of Interstate 5 in Northern California, an area that has experienced accelerated growth over the past ten years and is expected to continue to grow at a rate higher than the rest of the state.
Growth and Expansion: Company is positioned for growth and is keenly located to serve a broad and active market. The Course is situated just west of Interstate 5 in Northern California, an area that has experienced accelerated growth over the past ten years and is expected to continue to grow at a rate higher than the rest of the state.
Support/Training:
Reason Selling: Presently, the owners are looking forward to retirement.
Year Established: 1978
Employees: 4

Property information

Real Estate:

Real Property Included

Location:

Golf Course & Driving Range, located just off of I-5 in Northern California.

Other information

Expansion potential:

The Company operates entirely on its generated cash flow. Operating Revenues for the years ending December 31 were in 2005 $299,388, 2006 $340,648, 2007 $385,621. The fair market value of equipment, real property, and improvements is estimated at $1,300,000, which is detailed in the Financial Section of the offering memorandum.

The Owners have identified three specific ideas that they would suggest a new owner consider to take the company to the next level of growth and profitability, including developing the food and beverage business, implementing aggressive marketing of current facilities, and expanding tournament play. One can immediately see the possibilities.

Competition / Market:

Company is positioned for growth and is keenly located to serve a broad and active market. The Course is situated just west of Interstate 5 in Northern California, an area that has experienced accelerated growth over the past ten years and is expected to continue to grow at a rate higher than the rest of the state.

Support & training:

Predictability for a buyer is very important. Certainly the competitive advantages listed above and the improvements made by the current Owners, both to the facility as well as within the community, have helped to bring the Company to its present level of success. With the current processes and personnel in place and the implementation of some or all of the growth ideas identified in section 1.4 Growth Opportunities, a new owner could reasonably expect a significant increase in sales and profitability. The Seller is also committed to seeing that a smooth transition of ownership takes place.

Reasons for selling:

Presently, the owners are looking forward to retirement

Financing available:

Owner may carry back for a well qualified buyer with a strong down payment

Furniture / Fixtures value:

$25,000 (included in the asking price)

Inventory / Stock value:

$5,000 (included in the asking price)

Related documents:

• 
• Buyers Acknowledgement

• 
• Confidentiality Agreement