Buying a golf course is an investment opportunity which can turn into a lucrative and successful business.
When you find a country club that has proved its profits over the years you have stumbled over a diamond in the rough.
So how do you evaluate your dream investment?
There are three ways to size up your golf course investment. The income methodThe comparison methodThe potential method
Or, you can decide whether the golf course you want to buy is a good investment by some combination of the three methods.
If you do your homework - buying a golf course can be a great investment and an enjoyable business to go into.
Don't jump into any business without a marketing plan.
What's the difference between the busy golf course and the golf course that nobody ever goes to?
#1 - The marketing Plan - just like any business, marketing brings in customers. Marketing your golf course on the Internet and in your local market is key to a successful business.
#2 - The condition of the course - Let's say you do a great job marketing your golf course. You get golfers to come and play... and the course is in terrible shape. Those golfers won't return and they won't tell their freinds to go to your course.
If the course is in good to great shape, you have a returning golfer who will advertise your golf course by telling his or her friends about the great golf course they played.
#3 - The atmosphere - This one is a bit subjective so I am going to give you my opinion on the atmosphere inside the clubhouse and on the course... if people are generally friendly, polite and fun, your golfers will feel welcome and keep coming back.
I know people who travel an hour to avoid the stuffy private clubs in their area to come to a down home feeling where they can be comfortable playing a round of golf.
When you are buying a golf course, be sure to do your homework, visit the course, play a round and judge for yourself. Is this a good investment?
