Services - Amusement & Recreation

$Seller Financing Available

Asking Price	$600,000	Inventory
Gross Income	course has been leased	Real Estate
Cash Flow	Not Disclosed	Year Established	1970
FF&E	N/A	Employees	N/A

* included in the asking price

** not included in the asking price

This course was sold 9 years ago for 1.4 million with owner financing. They aborted their down payment after 4 years because the partnership dissolved. The current owners have been leasing the past 5 years but have decided to sell and the lessee does not have the funds to purchase. The golf business today is tough but this is priced for a quick sell. Ideal for a "MOM and POP' operation because it has a good customer base and has value in the golf market place.

Facilities: This 18 hole golf course has approx. 180 acres, several large ponds, a fully automated Rainbird irrigation system installed in the mid 90's, 4100 sq.ft. clubhouse with a new 5 ton a/c heat pump installed in '06 and new siding in '07, and a 4000 sq.ft. cart storage facility.

Competition: This mid-priced golf course is located on Highway # 1 a major thoroughfare running North-South. A "hands-on" operator should be able to at least double their investment in 8-10 years.

Growth/Expansion: The Pinehurst area is the Mecca of Golf and the home of the Men's and Women's US Open in 2014. The entire area is expecting a surge of growth both from the Military Personnel and the "Baby Boomers" retiring.

Seller Financing Available: Yes

Financing: Owner financing will be considered

Support/Training: The main personnel in the Pro Shop and the golf course would like to stay.

Reason Selling: The two owners are retired and do not live in the area