With One Stop We Can:

1. Evaluate
2. Manage
3. Broker

Golfmak, Inc., Golf Business Advisers and Consultants

We can:

• Evaluate a Golf Course applying 50-years of Experience
• Manage any Golf Course Professionally
• Broker the Sale with Full Broker-Cooperation

THE CURRENT HABIT: HIRE AN EVALUATOR, HIRE A MANAGEMENT COMPANY, HIRE A BROKER.

BETTER WAY. Hire Golfmak, Inc., and:

• SAVE MONEY
• SELL THE COURSE FASTER
• GET A BETTER PRICE

CASE STUDY: A Bradenton, Florida Golf Course, a full length, par-72 championship layout in a great location recently (fall of 2012) sold for only $800,000. A broker obtained the listing by marketing it for over $2 million. We had a better offer than $800,000 from a ready, willing and able buyer - a year earlier.

CASE STUDY: The Ravines Golf Resort, Middleburg, Florida. We were hired to manage the property with the intention to get it sold. We sold it in less than 60-days for a solid price. We even found financing for the buyer.

CASE STUDY: An upper New York golf course sold at auction by an auctioneer who virtually guaranteed a price twice the final selling price. The seller left with barely the clothes on his back. In fact, the golf course property had an appraisal of over $3 million - yet sold for only $810,000.

 

TRY OUR APPROACH - WE MANAGE THE SUBJECT GOLF COURSE WITH MANAGEMENT PROFESSIONALS. WE'RE NOT THERE TO MILK THE ASSET FOREVER... OUR MISSION IS TO GET IT SOLD - AND FAST.

Engage us to manage the golf course with the intention of getting it sold for the best possible price. You're putting management in place that wants to get the place sold - and fast!

No secrets to anyone. The employees, community, members, suppliers all know the golf course is for sale. Not a rumor. The truth. The entire community knows it's a fact. In our experience it is cruel - especially to rank-and-file employees to offer the course for sale in a clandestine way. We recommend being 100% up front about your plans to sell the golf course.

People can live with certainty - not uncertainty. In fact, give your employees a chance to put their best foot forward when the course is being shown. Let everyone know when a showing will take place. It gives employees a chance to keep their position under the next owner.

We operate a golf course as professionally as anyone in the business. We are 100% experts in every aspect of any kind of golf course operation from course maintenance of to serving the best hot dog anywhere. We manage members, swimming pools, tennis courts, fine dining rooms, administration and employees.

LIKE SELLING A CAR - CLEAN IT UP! MAKE IT LOOK NICE

Our approach is to show the property in an attractive, but proper manner. The on site general manager - often a full PGA card carrying professional - is ready to show the golf course to any qualified prospective buyer.

CASE STUDY: We applied our Manage-to-Sell method to a Georgia 18-hole championship golf course. We cleaned up parts of the operation and streamlined a few areas. In less than 60 days we showed the property to 23 separate qualified buyers. We presented four bona fide offers to the seller, which the seller refused. A year later, after we were gone, the golf course sold for hundreds of thousands less than the lowest offer we brought to the seller.

 

BANKERS: YOU WILL BE HIRING A MANAGEMENT COMPANY ANYWAY - WHY NOT US?

Banks own more golf courses than anyone in 2012. Considered toxic assets on their books, the traditional method for the bank is to hire a golf management company at fees from $7,000 to $15,000 monthly - over and above normal operational costs. Out method saves money for the bank, because we take direct management of the course. We are the general manager.

Here's a typical scenario:

Bank takes back ABC Golf Club of North Carolina and Hires a Management Company

General operating overhead is $750,000, which includes wages, administration, course maintenance, supplies, etc. The management company adds $7,000 a month, $84,000 in base management fees, then usually charges extra for accounting and administration costs, conservatively and additional $20,000. The failing golf course now has general overhead of $854,000, yet management is still only passive.

Our program fits almost entirely inside the original $750,000 general overhead costs, plus and additional $2,000 to $3,000 a month. We can do it that way, because we replace the current GM, and sometimes the current Superintendent with our own professional personnel. Our people are not high school kids. They are experienced golf course operators who run the golf course as professionally as there is in the business. However, they know their job is the get the golf course sold.

YES! THERE IS BROKERAGE - ONLY 2%

Our company earns its way via an exclusive brokerage agreement based on only 2% of the final selling price of the golf course property. We will work with local brokers by adding additional points so they will also get paid a fair fee. Meanwhile, our management staff is salaried and not working for any percentage of a sale and are legally qualified to show the property and its components to a prospective buyer.

GIVE THE MANAGE-TO-SELL APPROACH A SOLID LOOK

Consider our Manage-to-Sell approach to cleaning up that troubling asset on the books.

Call Mike Kahn: 941-739-3990, or write: mike@golfmak.com.