| Comments | Golf & Country Club Acquisition Criteria for an Established Golf Course Owner | Operator Client:
Stabilized operations with a cap rate > 10%.
Value-add golf properties with low net income, but price would then need to reflect the lack of adequate income.
>> Not interested in discussing development potential - prospective Buyer
is interested in purchasing land + the golf course business.
No premium will be considered for future development potential that may never occur.
If you have golf courses to dispose of in Ontario meeting the above criteria, then we could discuss.
Im able to sign a CA / NDA etc if required.
Need this info to present to my client:
PIN #s, or Land Registry (or I can pull).
property survey
website url link for the course
1-2 pg basic info abt the club & operations.
# holes
# memberships
public or private
goi - gross operating income
oe - operating expenses
noi - net operating income
what % and $ amt of revenue from different sources & revenue streams:
greens fees
weddings / events / conventions
pro shop
f & b - food & beverage, etc
capacity limit for events?
# of golf carts? owned or leased? age?
Can "Income Stmt" for last 3 yrs be provided?
If not, then pls try to provide financial projection for current yr, and actual summary for the 2 previous yrs.
You can search google for "kpi's (key performance indicators) for golf courses." If Seller can provide those metrics, then even more helpful, as more detailed & specific info will result in a higher Offer by our Buyer.
Seller's software probably has a dashboard tracking these metrics yr to yr for benchmarking purposes too.
Asking price / price guidance. Cannot be unpriced.
Commission fee being offered.
Need to know if on MLS currently or in the past, or off-mkt.
Also, pls inform when Seller acquired the property, how much paid,
and current motivation for disposition.
** The more forthcoming the Seller is with info upfront, the more beneficial
it is for the Seller - and Buyer.
Im seeking to build long-term relationships w agents and principals, where we can collaborate over time.
|
|---|