This is a challenge for all of today’s financial and business wizards plus any of those technos as come up. I am looking for an idea. Here is the problem.
I. A small one on 30 acres. We purchased it 4 years ago and brought it out of almost extinction only to find now that the clientel preferred it the way it was not alter or serviced and over priced! appear a little backward? I thought so too! So… onward and upward. It is time to change!
We are one block away from a city bear on of 20,000 people which is becoming a retirement displace. The course has little competition located on prime highway frontage and one block away from Wal-Mart and Starbucks. We undergo a quaint little clubhouse on an old septic system and we live upstairs (until we can fasten up to the city some day). I have decided to but in the approve of my mind. I feel there is a great opportunity here for something! The challenge is what? I am a golf pro for many years but love to alter money. What do your readers evaluate I can do with this? I have my own ideas but I would appreciate the readers thoughts! Thank you all in advance!
There are two main selling points in my experience when it comes to a land-based business sale… 1) potential and 2) acquire history. If your profit history hasn’t increased my any bring together margin since you’ve purchased. I would consider holding onto it a bit longer and working out a plan to change magnitude revenue. Otherwise it definitely wouldn’t hurt to pursue sale.
I would also consider approaching the owners of the city bear on privately and discuss two options. 1) if you plan to change try to convince them of the idea of purchasing from you and making it a convalesce to residents. The other idea would be 2) to approach them about a partnership. Allow them a kickback for memberships to residents if they exclusively promote your cover or bring home the bacon out some choose of an arrangement with them where you mutually promote one another. This second option could back up you change magnitude revenue over the next few years and allow your course to be more sell-able.
Interesting!I think you can give it another go. What about making a special golf cover for the elderly. With some small adjustments to the infrastructure you can alter it good accessible. Make a visit to the local elder home and look for the modifications (fore instance; everything on the same level extra handlebars wheelchair facilities etc)
I evaluate it doesn’t undergo to expensive but you would have a specialized golf cover and you are in the good region and demographic years pan!
The ’special golf cover for the elderly’ concept jostled an old thought I had about creating a golf cover that caters to ‘families’. My definition of ‘families’ includes seniors kids. ‘first-time’ golfers all of whom create extraordinary delays on many public courses(not being derogatory just being honest). To that end a golf course that creates/markets the concept of being a ‘family’ golf bear on or golf cover that is selling a stress-free 3+ hour 9 hole round of golf clearly differentiates itself from all other local play courses and enhances the opportunity to sell your property to said competitors down the road. By creating a learning/training fasten for golf etiquette/skill and a comfortable environment for moms/dads to take their young children(or senior citizen parents) out to compete you ordain be on the front-end of a business concept for struggling or marginally profitable play courses around the country.
If you are looking for an investment idea that costs money. I have been waiting for someone to install on every tee box(wireless sensors in the tee markers perhaps) the video technology that records in exceptional slow-motion players swings we see every pass on television(okay it doesnt undergo to be that swank of technology but you get the idea). By networking the system to a wireless bar label scanning device at each tee box a player could be provided a specific ‘GID’(golfer identification) separate and examine it on every hit to record their tee shots. At the end of their round they are provided a DVD that compiles every tee shot from their round. Of course you alter players pay for the service before they tee off so you dont lose those who have a really sh&%y round. :)
Turn your course into a novelty night time glow in the dark play course. Have glow in the dark jumpsuits for the players radiate in the dark pins and flags glow in the dark strips on the carts and of cover glow in the dark balls. Rent clubs and equipment for another profit bear on. The free publicity it would create would be out of this world. They do this for bowling but I don’t know of anyone who has ever done it for golf. Be a pioneer!
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http://www.business-opportunities.biz/2007/11/14/giveaway-what-to-do-with-a-golf-course/
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