Buying a golf course

[time_vans]

you have to ask 'why is this course up for sale?' has it reached the point where no further development will be allowed therefore restricting any possible future earnings . if the course comes with outline planning permission for development then the price will reflect this.....but the concept of the membership owning the club is nothing new and as an example football clubs follow this example...ie. fans get together and purchase the club, become equal shareholders and have a vote, a committee is elected by the membership and elections held every 12 months etc...
you would need to look at the trading accounts because if its losing money you as a part owner will responcible for meeting the debts....you need to take a level headed decision based on the hard facts......rose tainted glasses taken off......

 

[viscount17]

not surprised at all and if salaries, insurance and the like come out of that £300K, then you aren't left with a lot. One mower packing up or a buggy in the pond would really stress the budget.

 

[muttleee]

My old course is for sale because as I mentioned in an earlier thread, they somehow didn't realise that they have to pay VAT. They have now been hit with a tax bill covering the last 7 years, totalling around £0.5 million. Since they don't have that sort of cash lying around, they have no option but to put the place up for sale. It's currently a pay and play club, which is why they have to pay all that tax. Traditional members' clubs aren't liable for VAT but apparently Blackwood bosses didn't realise that that exemption didn't apply to them.

 

[USER1999]

Bit of a mistake that.

 

[surefire]

If you want to buy something golf and make money, I think a driving range is the way to go.