Business For Sale Listing 83761
9-Hole Championship Golf Course
Status as of Nov-22-2008 at 06:12 PM: Active
Business Summary
This 9-hole championship golf course is located in one of Maine's most scenic and popular coastal areas. It was designed by a famed golf course architect and constructed in 2001. The course opened for play in June 2002 to rave reviews. The beautiful clubhouse with food facilities and pro shop overlook the ninth green. There is a separate maintenance building. The lush golf course is irrigated tee-to-green with pop-up sprinklers.
MARKET: The course is located in southern Maine. There are several nearby courses that are all older courses and not nearly in the same excellent condition as the subject course. There is significant room for growth. Very little marketing has been done since it opened. Also, each of the last two years have had significant, unusual weather related revenue issues such as extremely rainy springs and falls. When normal weather patterns resume, revenue should climb.
FACILITIES: The real estate parcel is 87 acres. A 2,800 SF clubhouse with pro shop and snack bar is included. A 3,360 SF maintenance building, mowers and related course maintenance equipment is included. There is a fleet of 20 golf carts that are owned by the golf course and are available for public rental.
PRICE / BUSINESS & REAL ESTATE: $1,900,000
DOWN PAYMENT: $350,000
ASSUMABLE LOANS: $1,550,000
WORKING CAPITAL NEEDED: $50,000
Categories
Industry
Location
Financials
| Sales: |
Between $100 Thousand And $500 Thousand ($400,000) |
| Profits: |
Between $100 Thousand and $500 Thousand ($175,000) |
| Profit Type: |
Seller's Discretionary Cash Flow (SDCF) |
| Fiscal Year: |
Pro-forma |
| Asking Price: |
Between $1 Million and $2.5 Million ($1,900,000) |
